✔️ Information reviewed and updated in May 2024 by Eduardo López
IS MyForexFunds RELIABLE? OPINIONS
CONTENT
- 1 IS MyForexFunds RELIABLE? OPINIONS
- 2 ℹ️ BROKER DATA:
- 3 📞 LIST OF PHONE NUMBERS:
- 4 💰 DEPOSITS AND ACCOUNTS:
- 5 🌐 WEBSITE – WEBSITE:
- 6 ⭐ MyForexFunds OPINION:
- 7 💬 WHAT TO THINK OF A COMPANY LIKE MyForexFunds?:
- 8 📣 LATEST UPDATES:
- 9 ✔️ CLAIM MONEY FROM MyForexFunds:
- 10 🚨 REPORT MyForexFunds:
- 11 ❓ FAQS – FREQUENTLY ASKED QUESTIONS:
In this post I will analyze MyForexFunds. Is the forex and CFD broker MyForexFunds (with website myforexfunds.com) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think MyForexFunds is an UNSAFE company AND I CONSIDER IT AS UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| (I.e. Company | Traders Global Group Incorporated |
| ???? Address | 9131 Keele Street, Vaughan, Ontario, Canada |
| 📄 Registration | Mentions being registered in Canada |
| 🛡️ Regulapain | Not mentioned |
| ️ ️ Phone | Does not have |
| [email protected] | |
| 🌐 Website | myforexfunds.com |
| ???? Live Chat | No |
| 💳 Payment methods | Not mentioned |
| ❓ Company type | Investments in forex and CFDs |
📞 LIST OF PHONE NUMBERS:
The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the types of plans/accounts that MyForexFunds offers; They are divided into 4 accounts. Here is a table with a little more information about minimum deposits.
| TYPE OF plans/accounts | MINIMUM INITIAL DEPOSIT |
|---|---|
| $10,000 USD account | $99 |
| $20,000 USD account | $189 |
| $50,000 USD account | $399 |
| $100,000 USD account | $749 |
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Age of the website: the domain “myforexfunds.com” was registered on July 15, 2015. That is, it is a website that is not very old. 🚩
- As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company. 🚩
⭐ MyForexFunds REVIEW:
After having carried out an analysis of the company, I have come to the following conclusions:
1) The company mentions being located in Canada, but I think they are trying to mislead about their location because they are no longer located at the address they give. I recommend extreme caution.
2) The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.
3) I think the company has little seniority or history. As I mentioned, I was able to check that the domain “myforexfunds.com” was registered on July 15, 2015.
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
5) From the information we have, users have had many problems with the company making withdrawals of funds. In some cases, they have not been able to, while in others it has been extremely difficult to achieve it.
6) The company has been reported for fraudulent practices by the following financial regulators: OSC (Canada) and CFTC (United States). It is a very unsafe company, be careful.
“To be honest with you, I would not invest in this type of company: it is not regulated and has complaints of fraud.
💬 WHAT TO THINK OF A COMPANY LIKE MyForexFunds?:
MyForexFunds presents itself as a Canadian-based forex and CFD broker, but its lack of transparency and the multiple irregularities associated with them raise serious concerns. Despite claiming to be located in Canada, the lack of a verifiable address and the absence of regulation by the country's financial authorities raise doubts about the authenticity of their claim. Furthermore, the history of complaints of fraudulent practices and scams by the Canadian CSO and the US CFTC, along with the deactivation of its page due to these accusations, confirms the company's lack of integrity.
Furthermore, there are numerous negative reviews and difficulties reported by clients in withdrawing funds, which reinforces distrust in MyForexFunds. With this background and the lack of contact numbers, it is evident that MyForexFunds is not a safe or reliable option for investing. It is strongly recommended to avoid any business relationship with this company and look for more reliable and reputable alternatives in the financial market.
📣 LATEST UPDATES:
October 2023: Regulators in the United States and Canada have accused MyForexFunds of scam and have forced them to close the company's website. The page is currently deactivated.
✔️ CLAIM MONEY FROM MyForexFunds:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can claim your money.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT MyForexFunds:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
MyForexFunds is a forex and CFD investment broker.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
MyForexFunds is a company that I consider to be UNRELIABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
This company never gets your money. They scammed my wife, don't fall into the trap, I know you'll thank me.
Hello Alejandro, MyForexFunds is a SCAM, we have received many complaints from investors, for not returning the money, you should never invest in a broker that does not have REGULATION.
They create many positive comments about themselves that are not real, they want to confuse investors and pretend to be a legal company but it is all FALSE if you comment on our articles they say that we are part of the competition and it is also a lie!, (we do broker reviews).
When you want to withdraw your capital or your profits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.