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My Forex Funds

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    Broker Myforexfunds – a careful review of its issues

    As the crypto market continues to soar, many investors seek reputable platforms to trade their digital assets. However, lurking in the shadows is a treacherous entity known as “Myforexfunds.” This review aims to shed light on the deceptive tactics employed by Myforexfunds to rob unsuspecting customers of their hard-earned funds.

    Status

    SCAM

    Year of foundation

    2020

    Affiliate program

    Yes

    Regulation and jurisdiction

    No

    Website

    myforexfunds.com

    Contacts

    [email protected]; Canada.

    Pros
    • Profitability 12-85%;
    • Availability of affiliate and bonus programs;
    • Wide range of financing plans.
    Cons
    • There are restrictions on trading strategies;
    • An additional commission per lot is charged;
    Trading Platform

    Metatrader 4 и Metatrader 5

    Types of accounts

    Rapid; Evaluations; Accelerated

    Currency

    USD

    Deposit/withdrawal

    credit cards, crypto (BTC, LTC, ETH, USDT, USDC), Paypal, TransferWise, Payoneer, Revolut, Mercury.

    Min Deposit

    49 USD

    Leverage

    1:50 (Accelerated Conventional), 1:100 (Evaluation, Accelerated Emphatic), 1:500 (Rapid)

    Min order

    0,01

    Spread

    1

    Financial Instruments

    Forex; stocks; metals; index; cryptocurrency.

    Mobile Trading

    Yes

    Bonus

    Yes

    Order execution

    Market

    Debunking some reviews

    There is a pattern that repeats itself whenever fake entities exist. It is quite unusual to find purely negative comments. Instead, users will find a mixture of both positive and negative ones. Most likely, any positive My forex funds review will be written by people directly related to the company with the aim of promoting it. On the other hand, the negative ones can be attributed to people who really had problems with this entity.

    This Myforexfunds review shows an angry user who thinks that even giving one star to Myforexfunds is too much of a reward. Also, he speaks about being unable to access his funds for more than 5 months, which is of course serious.

    Another aspect that is discussed in other reviews taken from Trustpilot is that people have their accounts shut down for seemingly no reason. This is a very worrying sign too.

    The problems that Myforexfunds seem to have, according to this particular comment, are twofold. On one hand, there are the classical issues of users being unable to access their funds. This is already bad enough for a company which, by definition, should take care of the money that people trust in them.

    All companies should do their best in order to keep their clients trusting them. This is especially the case when people trust their money to them.

    According to this user, he claims that the company stated that his account was being used by different IP addresses. However, he states that none of this appears in the dashboard, where people can also see where they are trading from. He also states that 15 thousand US dollars were taken from him.

    Once again, the recommendation to avoid all these kinds of trouble, is to conduct research regarding how these companies are performing.

    This other comment also reports a problem with IP addresses. He states that his account was restricted, but that no evidence was provided regarding the accusation of having a duplicated IP address. Once again, the recommendation is to stay away from Myforexfunds.

    The company also seems to have issues with how they identify their customers. As it can be seen, a user stated that he was locked  out of the website and made a Myforexfunds reset after allegedly using fake identities. Once again, this is a serious accusation that can end up in all kinds of consequences.

    The techniques used by Myforexfunds

    Myforexfunds employs various deceptive tactics to scam its customers, preying on their trust and greed. Let’s review how they scam their clients.

    First, the company entices potential investors with unrealistic promises of exceptionally high and guaranteed returns on their investments. They exploit the desire for quick wealth, making it seem like an irresistible opportunity to profit effortlessly.

    Then, Myforexfunds fabricates positive testimonials and reviews on their website and other online platforms. These fake endorsements create a false sense of security and credibility, leading customers to believe that others have benefited from their services. The comments from Myforexfunds trustpilot clearly confirm this point.

    The scam broker utilizes aggressive marketing strategies, including incessant phone calls, emails, and messages, to create a sense of urgency. They pressure potential investors to act quickly, discouraging them from seeking advice or conducting thorough research. They also claim to offer an incredible Myforexfunds coupon to start earning great immediately.

    Myforexfunds also often conceals additional fees and charges, which customers only discover later. These hidden costs erode profits and sometimes lead to significant losses.

    Additionally, to convince customers of their legitimacy, the company may manipulate trading data and show false performance reports. These fabricated results make it appear as though their trading strategies are successful, enticing more individuals to invest.

    Furthermore, when customers attempt to withdraw their funds, Myforexfunds employs various delaying tactics or simply refuses to process withdrawals. This effectively locks customers’ money into the platform, preventing them from accessing their funds.

    Myforexfunds may engage in identity theft or phishing scams to acquire personal and financial information from customers. They use this information to exploit individuals further or even sell it on the black market.

    The scam broker may be involved in pump-and-dump schemes, artificially inflating the value of certain cryptocurrencies they promote and then swiftly selling them to unknowing investors before the price crashes.

    Expert opinion

    Eugene Rudenko

    According to the expert’s opinion, Myforexfunds is involved in deceptive practices, manipulating its customers to siphon their funds. The company employs tactics such as making unrealistic promises of high returns, using fake testimonials, and pressuring customers to invest hastily. For this reason, it is better not to trust in any kind of my forex funds discount code or other similar tactics.

    Additionally, they hide fees, manipulate trading data, and delay or deny withdrawal requests. The expert reveals that Myforexfunds operates without proper regulation and may engage in pump-and-dump schemes to exploit investors. Ultimately, the company’s actions lead to significant financial losses for unsuspecting customers, and they disappear once they have amassed enough funds, leaving victims with no recourse.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    What does the company claim

    Myforexfunds presents itself as a cutting-edge and innovative crypto broker, boasting an unparalleled range of services tailored to cater to the financial needs of their clients. They employ persuasive marketing language to create a sense of exclusivity and urgency, emphasizing the following aspects like:

    • guaranteed high returns;
    • advanced trading technology;
    • a wide range of cryptocurrencies;
    • and exceptional customer support.

    The company Myforexfunds spreads all kinds of claims like offering a foolproof investment strategy that guarantees substantial profits for their clients. They promote the idea that even in the most volatile market conditions, investors can rest assured that their funds will grow exponentially.

    The entity also speaks of having access to state-of-the-art trading algorithms and technologies. They suggest that their platform is equipped with the latest artificial intelligence and machine learning capabilities, enabling them to execute trades with exceptional accuracy and timing.

    Myforexfunds advertises a vast selection of cryptocurrencies available for trading. They aim to attract investors interested in diversifying their portfolios by offering access to a diverse array of digital assets. Also, by offering a Myforexfunds discount code, users seem to be mesmerized with such a great offering.

    The company emphasizes its commitment to customer satisfaction and claims to provide top-notch customer support services. They promise timely assistance to address any concerns or inquiries that clients may have.

    Myforexfunds highlights its user-friendly trading platform, designed to cater to both seasoned traders and newcomers to the crypto space. They claim that their interface simplifies the trading process, making it accessible to all.

    The company touts a comprehensive educational resource center. They claim to provide access to in-depth market analysis, trading guides, and tutorials, empowering their clients to make informed investment decisions.

    The broker promotes quick and secure transactions, assuring customers that their funds are protected through state-of-the-art encryption and security measures.

    Finally, to create a sense of exclusivity, the company may offer limited-time promotions or exclusive membership programs that promise additional perks and benefits for those who join promptly.

    Closing thoughts

    Beware of Myforexfunds and similar crypto brokers that promise the moon but only deliver a void. This malicious entity preys on the hopes and dreams of innocent investors, leaving a trail of financial devastation in its wake. Remember, legitimate investments carry risks, and any platform guaranteeing consistent, unbelievable returns is likely too good to be true.

    As the crypto market continues to evolve, it is essential to conduct thorough research, seek advice from trusted financial experts, and only use reputable and regulated platforms. The key to safeguarding your investments is to remain vigilant and skeptical, for in the world of cryptocurrency, scams like Myforexfunds mt4 can strike when least expected, leaving victims with a painful lesson and a depleted bank account.

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    FAQ

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    Does the opinion of a broker's clients affect its reputation?

    The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about My Forex Funds are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

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    How to write a review about cooperation with My Forex Funds on the website?

    To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

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