Victims Suffered Heavy Losses from 4xpoint Forex Scam!

This fraud forex broker, operated by Mika Holdings Inc., is well-known for being unscrupulous. With a standard forex trading platform, ECN trading capabilities, and its own binary options platform, this broker seems to have something for everyone. 4xpoint also claims to deposit client funds at Commberzbank in Frankfurt with 24/7 support.

While still operating, it claimed to be regulated in the British Virgin Island since 2007, while being part of the Russian self-regulatory body FMRRC. What‘s more, 4xpoint also bragged about being a licensee of ASIC Australia and other regulation authorities. In 2013, the broker’s lies were exposed when FMRRC stated that the permit had been revoked, while the FSC BVI regulator stated that 4xpoint had never been regulated there. Finally, the 4xpoint broker closed and now the www.4xpoint.com page is no longer available.

Mr. Ashar from Indonesia had experienced a scam with this broker. After opening an account with a capital of 500 USD, he has traded several times and made some money, but the account balance was still 0. The worried Mr. Ashar contacted the company and submitted some evidences but there was no process.

Not long after he received a reply from the account manager, saying that there was a problem with the server, which made some requests unable to be carried out in the right order and caused huge delays in withdrawal processing.

So he continued to wait for more than 12 days, but still couldn‘t access his withdrawal, which indicates that it wasn’t processed as promised by 4xpoint.

Another forex investor named Jadi revealed that he hadnt heard anything from the broker for a long time, which seemed to imply the broker was closed down due to many accusations of scam. Jadi felt very disappointed, because 4xpoint which claimed itself as a professional and compliant broker turned out to be a scam broker in the end. The broker had poor customer service, offering no responses either via email or the live chat feature provided. Jadi suggested that investors choose brokers who are compliant with valid regulation.

Currently, there has been altogether 7 complaint cases filed against 4xpoint at FPA(Forex Peace Army) Traders Court, which the broker failed to respond to. And it seems that 4xpoint.com no longer processes client withdrawals. Therefore, FPA has no choice but to declare 4xpoint as a scam. With a score of 1.66(out of 10) on WikiFX App, its obvious that this broker is a big liar.

4xpoint has been blacklisted by the FPA. WikiFX team warns investors not to open accounts there and try to withdraw your balance as soon as possible if you already signed up at this platform. If you cannot access your money or youve become a victim, please contact the WikiFX team either by email or Facebook messenger, in order to expose illegal broker and and defend your rights.