Forex Broker Scam| MxTrade a Fraud ?

  • 250
Broker NameMxTrade
Regulation AuthorityUnsatisfactory Response
Complainant's NameMkhalidlibra
Contact Number-
E-mail Address -
Complain Date March 5, 2016
Broker's Response Unsatisfactory Response
Complain Status Not Solved
Complainant's Claim Amount-

Forex Broker Scam| MxTrade a Fraud ?

I have been victim of MxTrade recently , as I recieved call from Behrin, the number was +97316199087 (the caller name was Hassan) , he asked me if I was interested to do the investment , I replied straight away NO…
However he kept on call ing me and succeeded to convice me that the innitial deposit was only $250 and he would take care of my account and he would open trading deals on my belhalf. He convinced me that he is been into trading for last 10 years and it was very easy for him to open good deals earing profits…. I trusted him and made an initial deposit of $250 via Western Union (Hershie Rosenberg), the WU agent for MxTrade .
After the depost done , he opened my account on and sent me my log in details where I could see the trading deals that he opened for me as my account manager…. in the beggining , he gave me an impression that I was earning profit as my balance was increasing…
In the meanwhile he started asking me to depost $1000 more in order to have more profit which I refused …. he tried his level best to convince me for adding more to my balance but he failed to convince me….. withing three days he told me that I lost my account and my $250 gone as my balance was not enough to trade further…. it was a nightmare ……the broker was also communicating with me on whatsapp with the number +966549792745….he was a fraud…. fooling people like he did with me……. I approached MXtrade trough live chat , explaining my position but in vain…….

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