MXTrade to cut off all existing IBs effective immediately

May 16, 2016

Is MXTrade closed?

Notification

Please note that MXTrade has terminated the contracts and we are not allowed to introduce this Broker.

MXTrade to cut off all existing IBs effective immediately

MXTrade, an online Forex & CFD Broker which has company registered in IFSC in Belize, has announced that the broker has terminated all its IBs'(Introducing Brokers) contracts.

According to our source, all traders of MXTrade are remained with the Broker, and they are able to continue tradings as normal.

The update is only on the IB side.


MXTrade has been known as often rejecting payments to its Introducing Brokers, and number of IBs were accusing MXTrade of being working on a fraud.

Also some traders have complained that MXTrade has taken away their profits upon withdrawal requests.

This termination of contracts would be the ultimate action in order to avoid the payments permanently though, there is no official announcements from MXTrade regarding to this decision yet.

The company “Lau Global Services Corporation” has founded some Financial Brokers and MXTrade is one of them.

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