Read this MOTONGFX LIMITED review, and share it with your loved ones to save them from scams and scam brokers.
Name of Broker: MOTONGFX LIMITED
Warned By: Review Website Like Scam Victims Help
Regulated By: Suspicious Regulatory License
MOTONGFX LIMITED Review – Introduction
MOTONGFX is an online trading platform owned by MOTONGFX LIMITED. The company is located in China, and the website is found at https://www.motongfx.com/, but it is currently not in use. They can be contacted by email at [email protected] Moreover, MOTONGFX hides all the details like contact number, regulated license, and legal documents. In the address section, they provide only the country name China. There is no specific address on their website. The lack of information indicates that any authority does not regulate MOTONGFX, and they are probably involved in scams. Read a complete MOTONGFX LIMITED Review to know more about this broker.
MOTONGFX LIMITED Review – Regulated License
A regulated license plays a significant role while choosing the brokerage company’s legitimacy. Without regulation, the brokerage company can be considered a scam broker because it does not come under the supervision of any regulations. MOTONGFX claims to be registered and operated in China. But we got a lot of complaints against this broker that they are an unreliable and unregulated broker. So it is possible that this broker is involved in some scam activities like Cryptocurrency scams, Forex scams, Investment scams, or other online scams.
MOTONGFX LIMITED Review – Trading Platform
Legitimate brokers offer advanced MT4 and MT5 trading platforms to their users. It’s a well-founded exchanging platform for traders. MOTONGFX claim to provide MT4/5 to their users, but we cannot confirm that because their website is currently not working.
How does the MOTONGFX scam work?
Scam brokers contact the traders through online ads or social media to make an initial deposit, and consequently, they will make a promise to increase your investment. If you invest money with them, they ask for more money until you understand that they are a scam broker. You cannot withdraw your amount with scam brokers. Scam Victims Help community advice that please check the cryptocurrency scam list and forex scam list before investing money with a broker.
MOTONGFX LIMITED Customer Reviews
Scam Victims Help found many negative MOTONGFX LIMITED reviews and ratings on other sites, and also got low trust scores among users. With this review and after reading all the negative and positive MOTONGFX LIMITED reviews, we found that this broker is not regulated and might be a potential scam broker. To avoid these scams, we provide a list of scam brokers 2022 on our website.
MOTONGFX LIMITED Review – Final Thoughts
According to the Scam Victims Help investigation, we found that this broker is providing their services illegally without any regulated license. It is a major red flag that they might be a scam broker. We advise that stay away from this broker or any other unregulated broker to keep your funds safe. If you are a victim of a MOTONGFX LIMITED scam or any other cryptocurrency scam, or forex scam, you can file a chargeback for fund recovery. Fill out a complaint form on our Scam Victims Help website. Our experts will provide you a free consultation, and we will guide you in the process of fund recovery.
We hope this MOTONGFX LIMITED review is helpful for you.
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