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MPM

Australia|5-10 years|

Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

http://www.fuxinhq.com/

Website

Open Account Time Machine

Rating Index

Contact

61 2 9232 8442

http://www.fuxinhq.com/

Licenses

ASIC Suspicious Clone

Australia Investment Advisory License

VPS Standard

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40G

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This platform is a Ponzi Scheme. Please stay away! 4

Previous Detection : 2024-11-16

This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

The AustraliaASIC regulation (license number: 253012) claimed by this broker is suspected to be clone. Please be aware of the risk!

Failure to Find MPM’s office in Australia

The investigators, based on the result of the field trip, confirmed that MPM’s real address failed to match with the one in its regulatory information.It is informed that the broker’s license (No. 253012) authorized by ASIC has been cancelled. Please be aware any trading risks.

Danger