As the name suggests, Mirroredfx is a mirror scam used to scam unsuspecting forex investors. The platform is outright stealing from naïve investors who dare make deposits. They claim to be a leading forex investment platform which is not the case. A majority of investors have lost funds with this platform. We plan to expose the ridiculous profit margins the platform claims to offer. Our investigation revealed some damning facts. Read this detailed MIRROREDFX Review and find out the truth.
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A Brief Overview of Mirroredfx
The homepage looks like a website from the 90s; the design is awful, to say the least. We have a feeling that this is a cloned website. The moment we saw it, we knew something was amiss with the platform.
There’s no professional forex investing website owner who can let this go. The website is a turn-off, especially for seasoned forex investors. Navigation is not easy as there are a lot of broken links.
They have a call to action to help investors become crypto investors. The platform is not straight as to what they offer. One might sign up thinking they offer crypto investment slots.
There’s no word on their assets which is another issue. The disclaimer at the footer of their homepage shows a platform with CFD assets. Despite this claim, there’s no reason to believe they have these assets.
Account opening procedure
Opening an account with this platform is free, and the process takes less than 10 minutes to complete. The free account opening is another red flag we must point out. There’s no sense in claiming to offer huge profit margins and offer these accounts for free.
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The owners use the free claim to trap as many investors as they possibly can. Anyone with money and no knowledge of investing can deposit funds. And that’s the end game, to get as many investors depositing with the platform.
Affiliate and partnerships
Just above the disclaimer, there’s a referral statement with no actual percentage. The platform offers a percentage for every referral. Before you start telling your colleges to sign up, there are a few factors to note.
An investigation is underway due to the numerous complaints facing this website. The law will view affiliate partners as accomplices to online fraud. You don’t want victims to point the finger at you for directing them to a forex investment scam.
Over the past few days, we have seen scathing comments regarding the platform. Users are venting their anger on social media platforms. All seem to share the same predicament. None of them can view their accounts.
Some sent screenshots showing that their accounts don’t exist. It appears once you deposit funds, the platform moves quickly to discredit your logins. Investors should stay away from this audacious forex scam.
Custodian of the business
The owner or partners behind Mirrored FX remain at large. No one knows who they are or their actual residence. We have a feeling that this is a South-African-led forex investment scam. Records show that the registrant’s country is South Africa.
It makes sense as most victims are of South African descent. A few Europeans also fell for the traps set by this scam. It’s an anonymous forex investment website that should be exposed.
Domain background (Mirroredfx.co review)
Thanks to domain checker tools, we know exactly where the registrant resides. The name of the registrant has been redacted for privacy reasons. We didn’t expect to find their names. No anonymous scam artist wants their name plastered on every news channel.
As we publish this post, the website is 112 days old. The actual date the website went live was on January 7, 2021. We also believe this is a short-term website and will likely shut down soon.
Features of Mirroredfx
Accounts and investment plans
There’s no information on the accounts and plans available on the platform. We had to send an email and wait for confirmation on the plans. It’s weird that they only accept deposits and don’t inform users of available plans.
All you get is a response that they will double your money within a week. This is one of the ridiculous scams we’ve seen in a long while. It’s best to stay away from such anonymous and offshore investment platforms.
Contact and support
Once you click on the contact page, you are redirected to the homepage. There’s no support team available. The email address won’t help as much as the response takes days or even weeks. The owner doesn’t want any contact with would-be victims.
This is a tactic used by scam artists to control communication. They can contact you anytime through the signup details. Members can’t make contact and have a direct conversation.
Deposit and withdrawal
When you look at the account statistics on their page, they seem highly professional. It looks like Mirroredfx is a professional trading website with a long history of transactions. These are random numbers meant to entice investors.
The end game is to have investors believing that Mirrored FX is a reliable platform. Withdrawing is a major issue as all complaints mention it at some point.
Is Mirroredfx licensed or registered?
Mirroredfx is not a legal company and should not be seen as one. Despite claims of being fully regulated by CySEC and IFSC, they are misleading. Documents at the footer of their homepage are not visible.
We can’t tell whether these are word-edited documents or not. There’s no way the platform is regulated, as we checked with both regulators. None of them has any platform licensed under the above name.
The platform is using false credentials to claim compliance. Investors are warned that the platform does not comply with industry regulations. Please stay away from it or else risk losing your entire deposit.
Mirrored FX is a scam waiting to pounce on investors who don’t have a clue of what’s happening. All their efforts to fool you will now go down the drain as we expose their dirty tricks.
Safety of funds with Mirroredfx
Once you deposit funds with this platform, you won’t get any safety of funds. The platform does not insure funds from unforeseen events. Members don’t enjoy protection from regulators as the platform is not registered. Once you deposit funds, this is the last you will hear of them.
The owner immediately transfers funds to an offshore bank. Hiring recovery agents won’t help as they don’t have the power to freeze these accounts.
Scam or Legit Mirroredfx
Mirroredfx is a scam waiting to pounce on investors. We hope no one will sign up after reading this review. Please share it and spread the word regarding this unscrupulous investment website.
We have to add Mirrored FX to our forex investment blacklist.
Make the informed decision and sign up with leading forex trading bots. Experts and industry professionals back these bots.
Our team wishes you all the best in your forex trading venture.