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 :



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:


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

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 ...

No .. I don't think their ASIC license allow that .. and NFA License for CPO/CTA is not approved and registered yet.

And even in the future FintechFx have license to trade gold, they cannot operate as FOREX BROKER, it's a different line of business, you need proper license for that

Assumption 1 : MIA + JH are so foolish that they trust their HUGE fund over Fake Forex Broker, which they never check the validity of FintechFx ASIC & NFA Licenses. If this is the fact then MIA just need to change (ASAP) the broker before FintechFX run away

Assumption 2 : MIA + FintechFX are one group, so they can create trade as they want to be in their MT4 Server, either profit or "small" loss (remember they never have losing week), for this option then just hope you can withdraw all your money before they run away.

FintechFX licenses are not valid as forex broker, then whether they have segregated account or not your money is not safe, because their forex broker activity is not regulated and audited by anyone

Of course your group of MIA downlines, if you check on MIA App, it is your "Cash Point" -> "Group Sales Profit Bonus", "Unilevel Profit Bonus", etc ... you know what I mean if you already a MIA member. If your group is big enough, group profit can be multiple times of your "Personal Profit".

Basically the license is only for investment company, not forex broker, https://www.morningstar.com.au/fsg.asp is example company with that license https://search-afsl.com/Etfs%20Management%2...icensee/466778/

$33M is the minimum if all JHe member ONLY put $100k, but even I know that regular member often do not only deposit $1K, I know someone who deposit > $5K, $10K, $35K,

Btw I just read below information from ASIC website, it's funny and scarry,
that ASIC regulated company is not as safe as I thought before .. CMIIW


https://asic.gov.au/about-asic/contact-us/h...-of-misconduct/

This is a sample of FAKE TRADING in FintechFX by MIA-James Harrison copy trading .. All Member of MIA should see the same information in your Fintech MT4



* 2018.08.16 10:45:18 SELL XAU/USD at 1177.58
But the candle in M1 is : Open: 1177.39 High: 1177.50 Low: 1177.26 Close: 1177.26

Another example, just see yourself in your Fintech MT4:

* 2018.08.03 12:17:33 BUY XAU/USD at 1207.94 sell at 1209.91 (2018.08.03 14:11:48)
M1 Candle (2018.08.03 14:11) is : Open: 1209.23 High: 1209.89 Low: 1209.09 Close: 1209.87

* FintechFX use bid-price as data for candle/chart

* If you want to analyze, you should find many of “SELL” point are out of chart / candle
for buy op -> see the end of trade/sell,
for sell op -> see the start of trade

sell point SHOULD NOT BE OUT OF CHART/CANDLE, buy point can be out of chart / candle because of spread.

maybe after they know this "glitch", maybe they will try to alter all abnormal trade, either change the open-close price, or even change the candle range data (high/low).

This post has been edited by fxbreaker: Sep 4 2018, 10:17 AM

If that transaction really occurs (bid price > current candle High OR bid price < current candle Low), then the candle price data will be updated to follow that transaction price, and that bid price will be the new "Candle High" or "Candle Low", and as long the timeframe is not lapsed, candle will updated on each tick.

bid price applied to :
for sell position-> see the open price of trade, so you can see it when position is opened, and compare with M1 candle on start of trade.
for buy position -> see the close price of trade/sell, price when that transaction is ended / closed, and compare with M1 candle on end of trade.

to current date, CMIIW, myfxbook do not analyze and compare transaction prices and tick data / candle on that server. Myfxbook will give status "verified" when they can connect and read trading history from MT4 server. But MIA is own the MT4 server, so they pass the "verified" status from myfxbook.

I think myfxbook will need more computing resources and bandwidth to also retrieve bar/candle data, so they can check if the trading is consistent or not (but also if consistent doesn't guarantee that the trading is genuine)

check below answer from past posting.

Yeah their ASIC Registration will be reviewed on 2018-11-11,
and they know ASIC WILL NOT extend their ASIC registration because of our complaints.

Just like TP Eagle, MIA will wash their hand, just saying FintechFX is SCAM but MIA isn't

Dear fellow member,

Any of you know if posting on Myfxbook is delayed or moderated or instant just like this forum ? who approve or reject the post ?

Just curious, because I'm discussing / debating about MIA - FintechFX in their discussion for james harrison .. you can check it here :

https://www.myfxbook.com/community/trading-...ison/1596263,13

The issue is .. I posted the reply yesterday, and I can see my posting in my login.. but if you logout then you cannot see that post .. until this afternoon

Have any of you got experience like this in myfxbook?

Btw you can also join in that discussion

it's funny how they want to convince people to ignore the fact that FintechFx have fake Licenses, because they say it's only 1 fact and said that only 1 fact don't make MIA - FintechFX as a money game / ponzi scheme..

don't they know that with just this ONLY ONE FACT it's already indisputable reason to stay away from MIA - FintechFX

This post has been edited by fxbreaker: Oct 31 2018, 05:51 PM

Hmm ... what's wrong with myfxbook ... my posting is not shown after 21 hours

https://www.myfxbook.com/community/trading-...ison/1596263,13

only me can see the post ... because it is not published .. don't know who has the right to publish, maybe James Harrison ?

I don't know if the thread owner (high possibility) or myfxbook admin (low possibility) who can approve posting ...

but as you can see my posting on Nov 1st still NOT published ...

you can open : Myfxbook Discussion
Just try posting something there .. maybe if other user the comment will be shown ..

On my session :


Updated!, my previous pending posts is deleted


Hahha ... so who is running with its tail between legs and go hiding

This post has been edited by fxbreaker: Nov 5 2018, 11:50 PM

Why dont you just WD all of your capital ... it is simple right ...