Which brokers?

What answer the broker give?

what's the answer given to you?

I requested my upline but they say that it's my capital inside FintechFX and they can't do it for me. So i do the withdrawal at the fintech website. Your username and password u should get it from the email when u sign up.

for my case, I deposit via my upline, I transfer the money within same local bank, and my upline will transfer his MIA "Register Point" to my MIA Account ( app.mia491.com ), then I have to choose "Investment - Place Order" menu to send Register Point to FintechFX, and within 24 hours my MT4 Account will be updated.

For bankwire it's more weird, because FintechFX bank account is in AUD, but our MT4 Account is in USD, so there will be double conversion rate from my local bank -> AUD -> USD,

from this point its really clear about their scam, if they trade using USD and they said have segregated account for investor, why the bank account in AUD


For Profit Withdrawal is using application in app.mia491.com, we can "sell" our profit to upline and upline will transfer the money between same local bank or we can choose withdraw to our local bank, then money will be transferred from unknown person/company that they said is a "money changer".

For Capital Withdrawal is using web FintechFX, after certain days money will be transferred from unknown person/company that they said is a "money changer".

Btw after this exposure of MIA - FintechFX scam, they are try to be low key ..
They forbid MIA member to discuss about MIA-FintechFX in social Media or Forum2 like this forum, if found out then your account will be frozen (weird ha... mia can froze our account).
They active in group (whatsapp / telegram) to pacify their member by :
- Keep saying that their NFA license is valid, using many reasoning (haha only stupid idiot people still believe this)
- Keep forwarding Screen Capture that "someone" still trust MIA-FintechFX by deposit big money (70K, 80K, etc) (can be fake screenshot, its easy to create)
- Warning existing member that if they withdraw all capital then will be forbid to rejoin (hehe .. only idiot people want to rejoin)

So beside high level in MIA that want to secure their income, only stupid or naive or greedy people still believe and Join MIA - FintechFX

It is totally same technique like fxgold master that was using Triumphfx...

MIA will soon be bye-ing

oh what about this story? a bit of googling led me to https://www.tfxi.com/ which has famous banks logo like citibank, bnp paribas, barclays, etc

I am a current investor in GFS, via Sentratama. I am not going to argue about whether the broker is legit or not. I saw the 'fake-trading' of MIA's platform, so I just went into my own account to check if I can see similar things. To breath a relieve sign, all trades look legit to me.

All SELL were inside the candles while BUY could be outside the candles (due to spread)

An Encounter with MIA/FintechFX Representative
Met a representative from MIA491.com today along with a few friends. Being a Trader myself who trades with FCA and ASIC regulated brokers, I tend to stay on facts and got curious when an opportunity to meet a MIA representative came by today. So the story goes...

Misleading Information and Confusing Replies
I raised a question on why does FintechFX (https://fintechfx.com/) mislead its clients that they are allowed to do Forex Brokering even though ASIC did not approve My Group Fintech Co Pty Ltd for Forex activities. The replies from the rep were consistently the same: "FintechFX is regulated by ASIC, you don't believe you can check." My reply was that I have checked and done my due diligence and that he should be the one who should be checking. For the convenience of all the good folks in this thread, I have extracted the ASIC report on My Group Fintech Co Pty Ltd (FintechFX), can be found in the PDF attachment.

Account Funding Via 3rd Party Money Changer
I asked about the funding options for trading account with FintechFX. He said there are various channels, however, credit card and bank transfer to FintechFX will be blocked by Bank Negara Malaysia and he advised me against those methods. Funding can take up to 2 weeks and it is slow and tedious. He further suggested that I can transfer money to a 'Money Changer' designated by MIA as it is a more secure method and short in turnover. I also asked him "Does that mean my account withdrawals will be from this 'Money Changer' as well? How can I trust my money with a Money Changer?". His reply was idiotically stupid "there are thousands of members who use this money changer and Bank Negara Malaysia only allow mass funds to move around if it's through a money changer.

MT4 Account Shows Past Entries ONLY
The rep proudly showed me the MT4 account which reflects it's a real account but when I did not see any live floating trades and all i see were past trade records. Any offshore Brokers can easily modify trade entries/records. Does he really think I am that SOHAI?

FintechFX Office is a Terrace House??
Being a busybody, I went on to search on My Group Fintech Co Pty Ltd's principal business address and got a shock of my life when the address is a terrace house, a residence. I have never in my life know that ASIC would allow a Forex broker to operate their business from a terrace house, LOL!!!
You can see from this screenshot (from ASIC portal) for their principal business address:

This is how the address looks like (true story):


I guess by now it doesn't take a rocket scientist to figure out that MONKEY BUSINESS is going on within the MIA and My Group Fintech Co Pty Ltd company. At the point of writing this... I wish this post further reinforce your decision to withdraw/pullout from this obvious-scam pyramid selling. If you truly wish to help your friends and loved ones, don't refer them to join MIA. Let's see if ASIC would renew My Group Fintech Co Pty Ltd's Australian Financial Services Licensee in 16th Oct 2018 (referenced to the PDF attachment).


Attached File(s)
 FintechFX_ASIC_Record.pdf ( 359.13k ) Number of downloads: 311

Sent in a complaint to ASIC as well. Power in numbers. For those of you who have invested with MIA/FintechFX, better run soon.

Anyway this is the answer from LEADER not BROKER.

first : They want to avoid tax

second : If you deposited through the Money Changer, then when you withdraw your capital you will received it from them as well. If you wire through Fintechfx directly, you will received capital from them when you WD. ( Then why the only option to withdraw your money in fintechfx si BANK WIRE? We even fill our BANK ACCOUNT there. Do you understand how bank wire works? )

third : They ( fintechfx ) send your money to the Money Changer first, then after that the Money Changer will distribute the clients money. ( the question here is Why do we need to fill our BANK ACCOUNT in Fintechfx if the procedure was like that? I have never found a broker that able to send our money to an unknown third party first, then let them distribute the money, And what im afraid of is Later, Fintechfx will blame the Money Changer if the client didnot received their money aka SCAM you. This Money Changer they whereabouts = unknown , so its very easy for them to run away with your money )

This post has been edited by cryptojunkie: Sep 23 2018, 04:07 PM

Thanks for sharing and we are glad to know you have received your withdrawal even though it's cash deposit, better than got nothing back. A legit broker must send money straight from their segregated account to investor bank account using bankwire.

Leaders are good in pretending stupid as long as they make money. Sad thing is those who truly believe that they are real.

Keep it up!

Does anyone here interested to file complaints to CYSEC about TriumphFX or any other similar FX fraud? We are ready to share.

Let's do it. Perhaps we can have a complaint template where we can share it with others to report on these Forex scams.

What is the pdf file about? The address has typo hargrace and hargrave.
Also, that house picture can be any picture in the past...

Exactly, I was kind of depressed while waiting for the withdrawal. And I did not expecting they would make a cash deposit. From here we can assume that something is not right with Fintechfx.
My assumption is that MIA = FINTECHFX = same person. no body using fintechfx to trade. except MIA members only.

I recall that MIA sells forex product in China too

This post has been edited by arbysburger: Sep 24 2018, 10:23 PM

Out of curiosity, what is the WD number by now? Seems like there're more withdrawal requests but at the same time, there're many new-joiners as well. Any other member/ex-member can update?

Just got follow-up email from ASIC, they are investigating MIA - FintechFX issue ...
I also reply to provide more detailed information.



So hope ASIC can ban or at least give official warning is their ASIC Website, so less people will be scammed.

This post has been edited by mukidi: Sep 26 2018, 10:09 AM

Way to go!! This is a good progress!

No follow up yet from ASIC. I raised a complaint as well. Will keep you guys posted.