Is MogaFX unable to withdraw funds?

MogaFX is Foreign exchange scam platform in 2022an Australian broker offering multi-asset trading services with superior trading conditions, in addition to 24/7 service and first-class training. Our goal is to create a real trading environment based on transparency, reliability and high quality that meets the needs of all our clients.MogaFX has a long-term commitment to enable traders to consistently improve their trading skills and trade in the best possible conditions.

Regarding the problem of MogaFX not being able to withdraw funds, according to the search results, there are several points to note:

Serious problems with withdrawals: the MogaFX platform has serious problems with withdrawals. fxGecko shows that the platform has received 26 complaints, which are basically related to the platform's inability to make withdrawals.

False trading and bursting problem: Some users feedback in the withdrawal request, the platform led to its bursting, and can not see the trade orders, suspected of false trading. Customer service also admitted that because of the error caused by the order can not be seen, which shows that the platform may have false transaction data problems.

The platform can not be logged on:some users reported that the MogaFX platform can not be logged on, the sales staff was also dismissed, which indicates that the platform may have run away.

Regulatory fraud:MogaFX has been accused of regulatory fraud, although it claims to be regulated by Australia's ASIC, the actual regulatory status of the other three regulators (St. Vincent's FSA, New Zealand's FSP, and Mwali's MISA) is doubtful, and the platform may be in a state of non-regulation.

Customer Service Issues: Users feedback that there are problems with the platform's customer service, such as not responding to withdrawal requests or providing false information, or even threatening users to withdraw their complaints.

To sum up, there are many problems with the MogaFX platform, including difficulties in withdrawing funds, false trading, and regulatory fraud. Investors are advised to be cautious when choosing a forex trading platform and try to choose a platform that is strictly regulated and has a good reputation to protect their investment safety.

Before trading, please check the broker in the FTI app; if you encounter any problems, you can file a complaint for help.

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