Fintech FX-MIA Gold trading- Anyone heard before??

[oceanstar]

Anyone heard of Fintech FX? (Fintech Co Pty Ltd)
Broker that only trades gold? (James Harrison)

any reviews? i googled and many (malaysia forum) calling it a scam
A friend have been cashing out every week though

TIA

 

[Memories123]

Cashing out every week how they hold their liquidity ask yourself that.

 

[oceanstar]

cash out profits i mean. copy trade, profit sharing model
broker takes 40% of profits

 

[hetnaligiv]

Anyone heard of Fintech FX? (Fintech Co Pty Ltd)
Broker that only trades gold? (James Harrison)

any reviews? i googled and many (malaysia forum) calling it a scam
A friend have been cashing out every week though

TIA

A few of my friends invested with MIA for a while now and they're having trouble withdrawing their original capital in one lump sum. Withdrawals were broken into smaller transactions and monies were sent to their account by money changer and various random companies (construction and automobile companies). There were no live/floating trades in their FintechFX MT4 accounts. All we could see was past trade records (trade records can be modified easily if they''re not a regulated Broker).

I urge you to stay away as this bubble may collapse any time soon. And yes, I created an account in HWZ just to warn you (and others who are reading this). Get out of this scam as early as possible, before it's too late. I have friends who have lost close to a consolidated amount of US$480K with the likes of scam companies like TP Eagles, JJPTR, IGOFX, SakuraFX, Blue Trading and IIIInvestments.

MIA claimed that they're a financial platform where members copy Gold trader James Harrison's trades (fake record; fictitious character) for endless income stream. All the members have to do is refer more victims to be their downline. They also claimed that they have appointed the Broker to be FintechFX, an ASIC registered company.

End of the day, FintechFX falsely claimed that they're an NFA member in the states and they also claimed that they're licensed and regulated by ASIC. This is where things get a little muddy and confusing for some of us. A proper due diligence check with ASIC authority has revealed that FintechFX (My Group Fintech Co Pty Ltd) is NOT ALLOWED to do Forex Brokering. Formal complaints have been lodged and investigations are underway.

If you have further doubts and still feel very tempted to join them for their attractive returns of 14% monthly, do not hesitate to post them in this thread.

 

[oceanstar]

A few of my friends invested with MIA for a while now and they're having trouble withdrawing their original capital in one lump sum. Withdrawals were broken into smaller transactions and monies were sent to their account by money changer and various random companies (construction and automobile companies). There were no live/floating trades in their FintechFX MT4 accounts. All we could see was past trade records (trade records can be modified easily if they''re not a regulated Broker).

I urge you to stay away as this bubble may collapse any time soon. And yes, I created an account in HWZ just to warn you (and others who are reading this). Get out of this scam as early as possible, before it's too late. I have friends who have lost close to a consolidated amount of US$480K with the likes of scam companies like TP Eagles, JJPTR, IGOFX, SakuraFX, Blue Trading and IIIInvestments.

MIA claimed that they're a financial platform where members copy Gold trader James Harrison's trades (fake record; fictitious character) for endless income stream. All the members have to do is refer more victims to be their downline. They also claimed that they have appointed the Broker to be FintechFX, an ASIC registered company.

End of the day, FintechFX falsely claimed that they're an NFA member in the states and they also claimed that they're licensed and regulated by ASIC. This is where things get a little muddy and confusing for some of us. A proper due diligence check with ASIC authority has revealed that FintechFX (My Group Fintech Co Pty Ltd) is NOT ALLOWED to do Forex Brokering. Formal complaints have been lodged and investigations are underway.

If you have further doubts and still feel very tempted to join them for their attractive returns of 14% monthly, do not hesitate to post them in this thread.

ya, i found out these few days from malaysia forum alot ppl asking ASIC to investigate, Indo side someone blogging about Fintech scam. told my friend but he dont believe so let it be. my friend still sending me his profits everyday. he say receive from different ppl but end day still receive back all his money so he willing to risk..he made alot already..maybe time for bubble to burst

 

[Shiny Things]

Anyone heard of Fintech FX? (Fintech Co Pty Ltd)
Broker that only trades gold? (James Harrison)

any reviews? i googled and many (malaysia forum) calling it a scam
A friend have been cashing out every week though

TIA

I think it's a pretty safe bet that they're fraudulent.

 

[goldnut]

https://forums.hardwarezone.com.sg/money-mind-210/genneva-singapore-complain-group-3861349.html

Why do people keep falling for this?

 

[havetheveryfun]

https://forums.hardwarezone.com.sg/money-mind-210/genneva-singapore-complain-group-3861349.html

Why do people keep falling for this?

tempted by easy money

some r convinced by their friends (e.g. 1 friend gets tempted and join, the subsequent friends actually doesnt believe it but still joins because trust the fren)

went to one so called "investment talk" by another company, it is very scary how many aunties and uncles in their 50-70s are there

 

[goldnut]

tempted by easy money

some r convinced by their friends (e.g. 1 friend gets tempted and join, the subsequent friends actually doesnt believe it but still joins because trust the fren)

went to one so called "investment talk" by another company, it is very scary how many aunties and uncles in their 50-70s are there

Granted, but there are enough scary stories in the news to warn ppl.

 

[Hot_Dog]

MIA, missing in action, that is a good one

 

[Kirakun83]

Anyone into it? Can give reviews? I heard my friend also into this fintech. Weekly draw out the profit.

 

[Shiny Things]

Anyone into it? Can give reviews? I heard my friend also into this fintech. Weekly draw out the profit.

Not into it, but I don't need to do any research to know it's a scam.

 

[planetz_inc]

When you lose $$, its a scam or Ponzi! When you win $$, nobody is complaining.

Look at how regulated(Safe) Singapore is with MAS squeezing the balls in the financial market and yet, the jewel of mainboard Hyflux. Flush down the drain and no one is calling it a scam.

If you invest, you need to be prepared to lose the money you put in. If you don't have the risk appetite, put it in the bank.

 

[ahchong888]

Hi, anyone here has joined FintechFX MIA gold trading? I'm a Malaysian and has joined this trading recently. If anyone here has joined the trading, can you get in touch with me bcos I'm currently in URGENT NEED of help from you guys ! I can be contacted at 6013-3959250 (call/sms/whatsapp) or email cwcoffaith[at]gmail.com.

Thank you in advance

 

[act333]

MIA just went bust with gold bull run

 

[Alamakz]

MIA just went bust with gold bull run

Damn..I went in 1 month ago and it burst so fast..

 

[teddyzpooh]

Damn..I went in 1 month ago and it burst so fast..

What should the victims do? asking for a friend

 

[aduki2000]

Wow went bust. Scammers laughing all the way to the bank, lol.

 

[makav31i]

What should the victims do? asking for a friend

Lodge a police report, after that carry on their life with an important lesson on not falling for such scams in the future...Treat the money loss as a tuition fee for you to see how a get rich scam operate..

 

[aduki2000]

anyone lodge police report already?