Rarely in our reviews, we come across such a lousy scheme that tracking the operation down is nearly impossible. However, now that might be the case. We’ve tried our best to uncover the MondeFX broker and all of their scams in this article.
Let’s go step by step through the MondeFX review and see what we found.
|Regulated by:||Unlicensed brokerage|
|Scammers Websites:||www.mondefx.com (inactive)|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
MondeFX Regulation and Security
Since the broker’s website is no longer operative, we needed to rely on some of the MondeFX reviews. The broker never listed its headquarters nor the official owner. Based on this, we can assume it was hiding in an offshore country without regulation, waiting for the opportunity to scam clients.
As you may already know, being involved with a broker with no tier1 regulation, such as FCA, ASIC, or BaFin, carries tremendous risks. Do not fall for such a fraud.
Fund Withdrawal Issues
Since we are dealing with anonymous, shady brokerage, fund withdrawal issues are nothing unexpected. Imagine yourself being involved with any illegal business. Would you expect the owner of such a business to be an honest person and refund your money? Of course not. Well, we have the same thing with the MondeFX broker. The company has no regulations, and nobody is watching its activities.
According to MondeFX reviews, some sort of account manager in charge of retaining clients is constantly asking for more money. Once you decline and say you want a payout, your account is being suspended, and you have no contact with anyone in the company anymore.
If you experience something like this, report it immediately.
As we already mentioned, MondeFX is not the traders’ favorite choice. The broker puts clients through severe withdrawal issues. The platform got shut down, meaning everyone who had any funds invested lost. Imagine waking up one morning and discovering that all of your money is stuck on some online web trader and the website no longer exists.
After this being said, you can understand why there are so many negative MondeFX reviews and why everyone is recommending avoiding the broker.
How Does Online Trading Scam Work?
There are several ways to conduct online trading scams. What is common for all of them is the way it starts. You are registering for online trading on the ad you see. If you’ve been involved with MondeFX, the name Bitcoin Code might sound familiar. You are being promised an automated trading software that will make you thousands of dollars within a week.
Yes, trading software does exist, and no, illegal brokers do not have access to such. MondeFX is not one of these trustable companies you should invest in. As you had a chance to see, their website got shut down, and all of the money is lost. Beware of such scams as ForexMart, CDG Global and ApmeFX.
Scammed by Mondefx?
If you were scammed by MondeFX, report it immediately. Tell us what happened, and we will guide you on how to start the chargeback process and get your money back.
But what is a chargeback? It’s a way of refunding your card in case you were scammed online. Contact us via online chat and let us help you out. Do not let scam brokers go away for free!
What is Mondefx?
MondeFX is an online trading brokerage with unknown headquarters and an owner.
Is Mondefx a scam?
MondeFX is not a legit nor a regulated trading brokerage.
Is Mondefx regulated?
No, the broker has no regulations for providing financial services at all.