Hi Harry, are you HarryT on myfxbook discussion? he state that he are "independent sales consultant" for MIA/Fintech  ( https://www.myfxbook.com/community/trading-...rison/1596263,4 )

If FintechFx is running business that not licensed by regulator, then it is illegal, since it is illegal then forget about segregated account and fund security.

are you sure FintechFx has all relevant licenses to operate as a broker ...
These are comparisons of REAL Forex Broker and NOT .. just based on license information from ASIC and NFA
ASIC :

[attachmentid=9987953]

https://search-afsl.com/Fxcm%20Australia%20...icensee/309763/ -> FXCM
https://search-afsl.com/Gain%20Capital%20Au...icensee/345646/ -> GAINCAPITAL
https://search-afsl.com/MY%20Group%20Fintec...icensee/493603/ -> FINTECH

OR
https://connectonline.asic.gov.au/RegistryS...lRegisters.jspx -> enter AFSL Number and search

NFA:
[attachmentid=9987956]

https://www.nfa.futures.org/basicnet/Detail...=8xWTPnTVRTw%3d -> Gain Capital
https://www.nfa.futures.org/basicnet/Detail...Dw0VT6Nt%2f8%3d -> OANDA
https://www.nfa.futures.org/basicnet/Detail...=z2oWG2ReIeI%3d -> Sample of CPO / CTA that Registered & Approved
https://www.nfa.futures.org/basicnet/Detail...W%2fJDVqYKUE%3d -> FINTECH (CPO / CTA not Registered)

As you can see .. FintechFX Has NO VALID FOREX BROKER LICENSE even the NFA Membership NOT APPROVED, and if even it approved, its license for CPO / CTA, not as forex broker.

So As FintechFX has no valid license, then your money is not regulated, no segregated account and NOT SAFE

Any idea why BNM blacklist XM? Its cysec regulated anyway..

Dear all Sifu.
I need your help as my uncle had invested some money on this MIA brokers.
Anyone think this is another local scams? Thanks in advance.
Sorry for the many attachment, just wanna be sure i give all the info that i could.

Hi.im new. Wnna ask bout this segregated acc.
My sibling already invest in little amount in MIA.
Their web stated ttht they have segregated acc but i dun see  virtual acc(usualy we hv it in stock trading) of my sibling.
Or is thre  any diffrence system btween stock trading n forex bout this segregated acc?
N smething bout deposit also confusing me bcoz they had us to do deposit to private acc(not into a virtual acc of investor) which can be diff in 1st n  2nd deposit..
So hw do we know tht they put our money in segregated acc?

Dear sifus:

I'm new to forex, recently a close relative of mine introduces me to MIA
https://www.mia491.com/#

Their record showed 10% monthly gain, they hired James Harrison
https://www.myfxbook.com/en/members/MIA491/...arrison/2267699

and trading via FintechFX
https://fintechfx.com/
which regulated by Asic and NFA.

Any sifus know anything about them?

Please advice, thank you.

https://www.myfxbook.com/en/members/MIA491/...arrison/2411336

This is the trader's live myfxbook account. He trades Gold. Usually one trade a day.
I have joined and withdrawn profits from it.

dear sifu,
i have read that a lot of sifu here said mia is a scam. i already join mia, but not make a deposit yet. lets say mia is a scam, usually, for how long it will really become scam? a year? 2 year? 10 year? thank you for the info

Thorough research ... while there's no forex license, does this also mean not include gold trading too?

Hi Harry, are you HarryT on myfxbook discussion? he state that he are "independent sales consultant" for MIA/Fintech  ( https://www.myfxbook.com/community/trading-...rison/1596263,4 )

-- cut --

As you can see .. FintechFX Has NO VALID FOREX BROKER LICENSE even the NFA Membership NOT APPROVED, and if even it approved, its license for CPO / CTA, not as forex broker.

So As FintechFX has no valid license, then your money is not regulated, no segregated account and NOT SAFE

Dear Friends,

Please read my previous post above, it's a evidence that FintechFx is not SAFE,

so while its still possible you should withdraw all you money back,

or if you feel you already have BIG GROUP in MIA, then just put minimum balance ($1000) so you still got "profit" from "trades" and network, of course this money sooner or later will be lost

Just FYI, MIA-FintechFx already gather more than $33M just from James Harrison Exclusive (JHe) program (minimum of $100K deposit X 330 members) plus money from regular member (minimum $1K deposits). So right now MIA has a lot of money is their pocket, they just need to find right excuse to blow the money up, maybe some excuse is that fintechfx do not have proper license.

So, just be careful guys .. and please inform your friends about this warning ...

they say that the money is stored in a "segregated account" which is at FintechFX (acting as broker)
so logically, MIA or JH don't have access to our money per se ...

in this case, it'd be fintechfx i suppose?

BIG GROUP refers to which scope? people, money?

For JHE, yes that's right! but i didn't join that offer ... i haven't fully trust them

Dear Friends,

Please read my previous post above, it's a evidence that FintechFx is not SAFE,

so while its still possible you should withdraw all you money back,

or if you feel you already have BIG GROUP in MIA, then just put minimum balance ($1000) so you still got "profit" from "trades" and network, of course this money sooner or later will be lost

Just FYI, MIA-FintechFx already gather more than $33M just from James Harrison Exclusive (JHe) program (minimum of $100K deposit X 330 members) plus money from regular member (minimum $1K deposits). So right now MIA has a lot of money is their pocket, they just need to find right excuse to blow the money up, maybe some excuse is that fintechfx do not have proper license.

So, just be careful guys .. and please inform your friends about this warning ...

dear sifu,
it is clear that fintechfx is not registered yet under NFA, about the ASIC license, could you please explain what is the license for (i mean in an easy english )? i already read the license condition from your post above, but i still don't quiet understand. thank you very much.

btw, do you think $33M is big enough to become scam (run away) or they still will collect until several nominal? do anyone know how much money usually will the scammer collect before they run away? for example igofx, financial org, ect. thank you

they are perceive as a "service provider" and offer investors fund management service from a fund manager firm from russia, named GFS ( Global Financial Solutions) and they are partnering with a broker named PT Sentratama Berjangka from Indonesia.

they offer those standard 3%-7% returns monthly.
and i am not sure about this statement but word from the street is from each funding, those upline and broker each taken quite a substantial amount to their pocket. based in penang

maybe u have heard of ernest lee or djohan darmady

by the way brother am i allowed to give names out or is it against forum rule? 

i also wanna thank all the senior and veterans from this forum for contributing a lot and making awareness. much love and respect

can u share more with us on the UTS?
I'm interested

Who said?

Anyone using Tickmill? Saw its under FCA UK but if want to register Malaysia its under Seychelles.

I found UTS is the best platform to invest so far. I visited Sentratama broker in Indonesia, I met the Russian Fund Manager, we sign agreement in Singapore, we met Russian Fund manager in Singapore OCBC bank.

If you want to invest, please do some homework. Google it, or go to visit what you gonna invest. Use eyes to see better than use ear to listen. UTS willing to share everything with you, and they don't ask you to transfer any fund to their company, they will only ask you to funding to your own broker account, it's safe enough.

UTS find a good Fund Manager, regulated broker, and let ppl invest. Of course they need to get some amount to pocket, everyone is profit in this cycle. Are you working without taking salary from your boss? lol! Do you think Fund Manager help you to trade for free? for sure must share the profit with him.

Please don't invest to any platform where is shady, not transparent.
Feel free to contact me if you want to know more about investment - (email: waynehcheah@gmail.com)
Willing to meetup in Singapore.