Financial Commission Adds MFX Partner to Its Warning List

The Financial Commission, an independent external dispute resolution (EDR) organization, announced that it has added the broker MFX Partner to its warning list as it has been notified by concerned traders regarding the company and its associated website.

Upon reviewing the submitted information from potential customers of this company, the commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors.

As a result, the commission does not recommend doing business with this entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps.

Earlier this month, the Financial Commission has reported the amounts of submitted complaints and other key metrics for September 2021​. According to the results, the commission saw new filed complaints increase 27% on a month-to-month basis to 312 in September. And the resolved complaints during the period increased to 320, which is 33% up compared to the last month.

Earlier, the commission announced that it has withdrawn the membership of 4xCube, an online trading broker based in Cook Island.