Beware! TMFX Global Limited is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
TMFX Global Limited is a trading name of a company we already confirmed to be a scam scheme. They falsely claim to be a regulated market leader offering unbeatable products and services. The truth is that the broker is fraudulent, and we are going to show everything you need to know about it in the full TMFX Global Limited review.
TMFX Global Limited REGULATION AND SAFETY OF FUNDS
TMFX Global Limited is allegedly a brand of Micfx Global Limited, a company we already proved to operate fraudulent brokers. Recently, we reviewed two of its brands, and you can see what we learned about it by following the links provided- Micfxm review and HCWH Global Limited review. Anyway, TMFX Global Limited claims to be licensed and regulated, but that’s not true. Even though it was pointless, we researched, found nothing and further confirmed the broker is illegal. Therefore, your funds will be in danger because TMFX Global Limited is a fraudulent broker operated by scammers. You should avoid it and find something better if you are interested in trading.
TMFX Global Limited is a fraud, and those scammers will rip you off if you deposit, but it may as well be involved in identity theft. If scammers get hold of your personal and banking information, they can drain your accounts up, take out lines of credit, buy goods and services with your bank cards and even register companies in your name. Identity theft carries long-term risks, and you shouldn’t upload copies of your ID card, Passport or bank cards to shady businesses like TMFX Global Limited. The picture below explains what we are talking about.
As TMFX Global Limited is fraudulent, you can consider the high-rated EU brokers and British brokers, which are adequately regulated and, most importantly, covered by deposit insurance funds. Namely, if you trade with a CySEC broker, you can claim up to 20 000 EUR in compensation, while the British protections are up to 85 000 GBP per person. The deposit funds guarantee an extra layer of protection, so it’s worth opening accounts with European companies if eligible to do so.
TMFX Global Limited TRADING SOFTWARE
TMFX Global Limited offers MetaTrader4, a leading Forex platform dominating the retail markets for more than a decade. However, in this case, we can note this feature as negative because many people can mistakenly believe that the broker is legitimate, which it’s not. Moreover, the EUR/USD spread is also excellent- 0.3 pips, which is a highly competitive Buy/Sell difference that generally makes brokers affordable to trade with. Well, TMFX Global Limited is still a scam scheme, notwithstanding the seemingly favourable trading conditions offered.
So, you’d better consider the high-rated MetaTrader4 brokers and MetaTrader5 brokers, which are safe and won’t rip you off. We recommend the MTs because the platforms are packed with sophisticated features such as Expert Advisors, complex indicators, and excellent charting tools. MetaTrader also comes with an unrivalled bonus- a Marketplace where clients can browse through more than 10 000 apps and other trading solutions.
The maximum leverage is 1:200, a risky ratio that’s prohibited in various properly regulated jurisdictions. Namely, EU, British and Australian brokers have to limit retail clients to 1:30 for FX majors, while Canadian brokers and US brokers to 1:50. Leverage carries high risks, and you should always be careful because you can lose all of the capital invested.
TMFX Global Limited DEPOSIT/WITHDRAW METHODS AND FEES
Information about deposits, withdrawals, fees, inactivity procedures etc., is not available. TMFX Global Limited, just like the rest of the brokers operated by Micfx Global Limited, doesn’t have legal documents on display. The absence irrefutably proves that this is a scam scheme because to call itself legitimate, the broker has to provide legal documentation precisely stating all trading provisions applicable.
The funding methods are also unknown. However, as the broker is a scam, we’d like to offer our lists with Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have trusted payment systems. The companies topping the lists are adequately regulated, and you won’t face scammers if you choose among the high-rated ones.
Overall, TMFX Global Limited is a fraudulent broker owned and operated by scammers, so you should avoid it.
HOW DOES THE SCAM WORK
Today, the Internet is plagued by scammers and their deceitful deals. It all starts when you click on an appealing fraudulent offer and provide your e-mail and contact numbers. Scammers, as seasoned manipulators, would ring you at once, insisting that you should start investing as soon as possible. During the phone call, you’d be presented with bonuses, promotions, risk-free offers, Bitcoin opportunities, and anything else you could possibly imagine. Scammers would claim to work with reputable firms, banks, governments, and so on, trying to make their business appear legit. Those thieves lie big time and would promise you anything to gain your confidence and get a deposit from you.
However, the first deposit is just the beginning. Day by day, scammers would carry on asking for funds. If you lost, they’d persuade you to put more money and recover the losses. If you are profitable, you’d be asked to put more money and increase the gains. The headaches start as soon as you ask to take your money back. The scammers would do whatever it takes to discourage you and would even urge you to deposit again if you want to withdraw. The scammers’ mantra is “give me your money”, they’d push you to transfer more money over and over again for no obvious reason. Urgency is a treacherous sign, so if someone forces you to invest ASAP, that’s a scam.
WHAT TO DO WHEN SCAMMED
Unfortunately, no one is safe from scams. If you get defrauded, the first thing you need to do is to protect yourself from further risk. Deactivate your card immediately, contact your bank and ask for advice.
Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!
Remember, it’s crucial not to rush blindly trying to recover your funds because fraudulent fund recovery agencies are trying to double scam the victims. They ask for upfront payment, take the money but don’t do anything to help you!
Last but not least, share online your experience; it’s important to inform the public about scams. Be responsible!