I am a recent fraud victim of Forex Scam via Facebook. mwngmarket.com was the site I was scammed from. You are unable to withdraw money. They hold your money hostage until you pay a 30% tax for your profit for a 1042S form (which doesn't apply if you are a US citizen since it's foreign income). You can't even withdraw your original principal!!! It seems like a legit broker on MT 4 until you try to withdraw any funds. Please spread the work about other fake Forex Brokers via MT 4 and MT 5 platforms. international-forex.com and hs.furionglobal.com are other scam forex sites. I've already filled out forms for FBI, FTC, SEC, and SDNY, but no response yet.
I am a recent fraud victim of Forex Scam via Facebook. mwngmarket.com was the site I was scammed from. You are unable to withdraw money. They hold your money hostage until you pay a 30% tax for your profit for a 1042S form (which doesn't apply if you are a US citizen since it's foreign income). You can't even withdraw your original principal!!! It seems like a legit broker on MT 4 until you try to withdraw any funds. Please spread the work about other fake Forex Brokers via MT 4 and MT 5
This platform did not allow withdrawals, and began to say that withdrawals need to pay a withdrawal channel fee, and said that after payment, you can withdraw funds, but then they said that the country’s personal income tax was stipulated. After payment, the platform suddenly disappeared, and an email was sent saying it took a few days for the system to be upgraded and maintained. After three days, the customer service platform server disappeared. Today, another email was sent suddenly, and the customer service was contacted again. I asked him when the withdrawal can be received, and now he said that MT4 has terminated the cooperation, and the withdrawal needs to be processed for VIP before the withdrawal can be made, if not, you need to queue up
Ask me to pay a margin deposit of 20%
I've traded here for over a month and then I was asked to pay a subscription of $2,888 within 24 hours which they never told me before.
This fraud broker is without any license
5. They also allow you to borrow money from them for margin call if you are qualified (pretend they only offer this to VIPs). They request you pay 5% of service charge within 24 hours by showing them wire transfer from your own bank account (cannot be sent by someone else's account and do not accept cryptocurrency) . Within 7 days, they demand you to pay back the money you borrowed, otherwise your account will be frozen. To reactivate your account, you need to pay 10% of the account balance as penalty. 6. If you try to withdraw money for a second time, this is the drama. They claimed they were required by the US finance department to collect taxes for investment earnings. No matter what amount you want to withdraw, you are required to pay a service charge of 10% of account balance. For example, if you have $300k and you want to withdraw $100K, you are required to pay $30K ( $300K *10%). The money must be sent by your bank account directly again cannot be from someone else's account or cryptocurrency. The service charge is only for them to process a statement called Proof of Source of Assets, which they claim you will need for filing tax return. TO BE CONT.
I trade with MWNG 2 months ago. Yesterday I deposit 500 USD to my accounts and the admin tell me it’s complete but this money does not appear in my account and today 2.6.2021 Admin told me to pay about the 1-time fee of 2,888 USD if I do not pay they will freeze my account. I don’t know it real or a scam.
I m trader with MWNG company forex around 1 month and I want to withdraw my money so that I inform admin to my decide and then they inform I m not followed their platform VIP1 then they let me invest more than 16888 USD and limited time in 2 weeks They never inform customers before and when customer got bonus and want to withdraw they just inform by e mail and inform to freeze my account if I can’t invest money more on time that they limit And now they freeze my account and let me pay fines 30% of total amount in my account.
Fraud company. Don’t allow withdrawals with various reasons...
In Thailand, a lady claimed to be a business woman. I talked for about three days and said that there is a way to make money from MT4. MWNG can make a profit every time. I can withdraw money within 2 hours, which is about twice as much as he claimed that his uncle was stolen. The Bank of America manager knew a lot of internal information and told me the next day to switch to MT5 and transfer the balance from MWNG. Everyone went to Varot Forex. After that, I couldn't withdraw my money. I asked to withdraw approximately US$8,100, but they told me to pay the tax of US$4,017 first, and they used a fake website and license fx919.com.
MWNG is a fraud broker. I've applied for withdrawal many times but they asked me to pay a 20% tax and 1223$. They should be judged by the law to avoid more people being cheated
They said I had to pay $1,451 to withdraw my own money. Is it real or just a scam?
This is a company which cheats people of money
This is a scam. Do not be cheated.
Like others, I cannot withdraw funds from MWNG. Has anyone succeded doing so? Have you been asked to pay a 20% tax? Is this legal or is it a scam?
Please be aware of these scammers and don't be fooled, I have invested more than 57000 dollars in this company, and I made more than 150000, Then they started to make me lose some trades which made my loss equal to 50k, then I decided to withdraw my 100k.I have requested a withdrawal but they kept rejecting my request and kept asking me to deposit another 100k in order to withdraw.I refused to deposit again, and they freeze my account and cleared all the money in my wallet. They have blocked devices IP so I can not reach out to them, I could access their website after hiding my IP address using a VPN but still they kept delaying responding and again asked me to deposit more moneyThe company runs in the UK by four Chinese guys pretending they are businessmen from Hong Kong. The website is fake as they hiding their IP address and using google IP address and some other random fake VPN addresses.They are using social media account to scam people. I have added their pictures too for you guys to be aware.Please be aware of these scammers and dont be fooled,
I have bought shares with MWNG since early 2020 without a problem. I now needed to withdraw profits and have discovered what everyone else knows. It took over 3 weeks to get the external account validated by them, then I asked for funds to be transferred, shockingly I received 3 emails notifying me that I’ve asked for a transfer but no transfer took place. I immediately submitted a complaint to financialrecovery .tech and made a phone call to MWNG a few minutes later where they confirmed my request was received and would be processed in one to two days. The request would still have been pending till now, but the complaint I submitted got me a refund. I kept thinking to myself, Why does a request for transfer of funds need to be processed? It should be automatic and should be in the external bank account the same day it is requested. How can a firm justify such outdated practices?
I didn't receive any email or withdrawal confirmation from MWNG for a month or two but my account was making profits.
The customer service on the platform said i needed to pay a deposit to get access to my account so i did, then say you have to pay the personal income tax, and it is a third party receiver. Now i know MWNG will do anything and fabricate stories to get you to invest with them.
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