Macrod FX Review: Macrodfx.com Burden Forex Scam
Macrod FX (Macrodfx.com) is a blacklisted Forex trading platform that is continually stealing from traders. MacrodFX is claiming to bring the trading power to your fingertips. These claims have been seen before and we strongly believe this is another cloned website. They claim to have a team of professionals to help you make unimaginable profit margins. All their claims are false. Read this genuine MACROD FX Review for more details.
About Macrod FX
Their about us page tries to sell a platform that has been in the industry for long. According to the about us page, Macrod FX is a platform founded in February 2014. These scam artists will do or say anything to try and sell their lousy platform. One of the false claims includes being founded by a team of trading experts. They claim Macrod FX is a broker firm partnering with several brokers and investors. We tried to find brokers associated with the firm but couldn’t find one.
One of their stated missions is to act as a catalyst for universal adoption of blockchain innovation. When it comes to digital currency, investors need to be careful on the platforms they use. It is best to have approved and tested Crypto tools for safe trading. And this is where recommended and top rated Cryptocurrency trading robots come in play. Platforms such as MacrodFX will claim to offer safe digital currency trading, which is false. Stay away from them as we will uncover the traps they use to fool unsuspecting investors.
Assets Included
Macrod FX is offering several assets for anyone who signs up. These assets include binary, commodities, Cryptocurrency, Forex, and Indices. What we fail to see on their website is the details regarding the assets. What are the leverage and spread used on these assets? A real broker will give their full details for all to see. No one knows the instruments available in terms of Crypto. It would be best if we knew the type of Cryptocurrency available on the platform.
Bonuses
The platform promises a deposit bonus for each account type available. These deposits are also used by scam artist to steal from unsuspecting investors. Macrod FX is promising 35, 50, 70, and 80 percent welcome bonus. Once you deposit funds, the platform matches the funds and starts trading on your behalf. Over time, they lose your deposit and their bonus remains. And the cycle goes on and on. The industry regulators are in talks of banning any bonuses.
Domain Details
Macrod FX is claiming to be in the online trading world since 2014. These claims have been refuted by the trusted domain register whois.net. According to the domain register, macrodfx.com was created on 6th October 2019. And this makes the platform barely a year old. Such platforms are notorious for shutting down as quickly as they started. With a new platform, you never know when they will decide to close down shop. Since Macrod FX has been facing complaints from investors, we believe shut down is inevitable.
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License and Registration of Macrod FX
Looking at the entire website, there is no information regarding their license and registration. It is expected that platform show their license and registration details for all to see. Disclaimer at the footer of their homepage claims the platform is license by FMRRC. They have posted TARF RU 0299 AA Vv0114 as their license number. Scam artists will use random numbers to act as their license numbers. And this is exactly what Macrod FX is doing. The Financial Markets Relations Regulation Center is not mandated to offer Forex trading licenses.
The Financial Conduct Authority has issued a warning regarding this platform. It seems complaints have reached the FCA and they have acted on it. These scam artists are openly stealing from investors without shame. Macrod FX is NOT LICENSED OR REGULATED to offer any trading services. Stay away from this platform and never use any of their services. These are scam artists who will cross the line just to have investors deposit with them.
Restrictions of Macrod FX
Account/ Investment Plans
Macrod FX is furnishing members with four investment plans. Investment plans listed include Starter, Premium, Delux, and Exclusive. The minimum deposit for the starter account is $50 which shows you scam artists are targeting newbies. A genuine broker will use the mandated minimum deposit of $250. Any platform asking for less will eventually lose your deposit as they are a scam.
Contact and Support
The platform has a chat box at the bottom right hand side of the platform. One would think that this is a live chat, you would be fooled. These scam artists will never use effective communication channels for obvious reasons. The chat box used is slow and messages take over three hours before you get any response. A true platform will use live chat support to enhance communication.
Customer Review
When it comes to using false information, no one can beat online scam artists. They create personas who act as happy clients. One of the most used ways is to download stock images and post positive comments. These scam artists will also hire actors to act as happy and satisfied customers. And the testimonials will help sell the platform as genuine and making profit. None of the people mentioned are on any social media platform. And that’s how you know these testimonials have been doctored.
Deposit and Withdrawal
Macrod FX is claiming to have over 31 payment methods. And this is the only part they got right and for a reason. They want to trap as many investors as possible hence, use all necessary depository channels. Some of the payment methods listed includes FasaPay, Maestro, MasterCard, Neteller, Skrill, Visa, among others. With the high number of depository channels, traders can easily deposit funds. Stay away from them as the platform rarely releases funds to clients. Withdrawal has been a major issue with the platform.
Trading Terminal
MacrodFX claims to have a powerful trading terminal. The main problem with custom made platforms is they never have necessary security features. Once you use their terminal, members will notice a slow in execution speed. The reason for this is MacrodFX is using an unstable platform. Lack of rigorous testing make their platform poorly built with loads of security flaws.
Safety of funds with Macrod FX
Lack of DDoS and SSL encryption is proof we are dealing with an unsafe trading platform. MacrodFX is also pooling funds in one account which is against set industry rules. The platform is receiving deposits in one account. Members are depositing funds straight to owner’s bank account. These are scam tactics to close down shop with member’s funds along with.
Scam or Legit Macrod FX
After reviewing all the stats, it is clear Macrod FX is a scam. Stay away from it by ignoring their calls to sign up. Mark their emails as spam and never click on any links sent. These are scam artists whose main aim is to gain access to your bank account. Avoid giving your credit card details to people acting as their agents.
Bottom Line
We have to add this platform to our scam blacklist to protect our readers.
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October 18, 2020 @ 4:05 pm
Kindly include MacrodFinancials.com as scam