SFX Markets
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SFX Markets
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Thanks, Dear for sharing this information with us.
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Thanks for the info, f1b0lut10n. Please, keeps us posted of any updates on this situation.
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@beto21_cwb Hey, forget about the "authority" - you will not get an answer from them, or they'll just tell you that SFX provided a service that is not regulated under the FSA agreement (which is true).
It's been really strange with SFX - in my experience, they were always an outstanding broker when it comes to servicing their clients, that's why it's hard to believe for me that they are trying to run away with the money. Nevertheless, their recent actions point exactly into that direction. I've contacted police in Estonia, which is the last known location of my money - still waiting for a reply of them.
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f1b0lut10n, I contacted the Financial Services Authority of St. Vincent & the Grenadines via web form in their website, but it's been more than 2 months, and I received NO feedback so far. Not sure if they're a serious institution that could help us in this matter. I've got 5k USD stuck there, with no forecast of when I'll be able to withdraw it. I'm not even sure if we're being scammed and will never be able to have it back! :(
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Has anyone been able to figure out where SFX Markets is banking now? I've spoken to Talinn Business Bank and they confirmed that the account was closed in Oct 2018. I would like to file a police complaint but it's unclear where this should take place.
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I contacted The Financial Commission (www.financialcommission.org), and they said SFX Markets was expelled from their organization in November 2018 for breaching contractual terms and sent me the news release announcing the expulsion.
After, I contacted the Financial Services Authority of St. Vincent & the Grenadines via web form in their website, but it's been a week, and I received no feedback so far. Not sure if they're a serious institution that could help us in this matter.
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we may refer this matter to law enforcement authority if the matter is still unresolved.
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Me Too, Many of my friends are investing Hawk 1 and Hawk 2.0 mainly from MALAYSIA are having the same problem. We can not withdraw our fund since January 2019 and the given reason is SFX Global account at estonia Tallinn Business Bank is under audit to comply with AML. We have followed up many times with SFX account department but the given answer yet to be satisfied us.
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Joined SFX because of NordHill Capital's HAWK FX fund that only works there. The issue is I cannot withdraw the money I sent to the broker. I sent the 5k minimum to open an account to run HAWK FX, but after almost 2 years running it, I got laid off, and I needed the money to pay my bills, so I requested a withdrawal... But who says that's possible? I ordered a wire transfer, after 3 days of not receiving any answer from them, I sent them an email, and two days after, they said their bank is having issues. After exchanging more emails, they suggested me to use the credit card withdrawal. But who says that's possible too? The status in the financial tab says processing (6 days now), which usually takes 24 hours in other brokers.
They usually take 2 - 3 days to answer emails, and very unsatisfactorily.
So, if you don't wanna get stressed out, begging them to give back your own hard earned money, don't open an account with them.
I'm feeling like an idiot for trusting them.
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Impressive ECN account, extremely fast execution...
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I would say their price and execution is quite impressive for ECN account. Well, their email support is still responsive, but live chat need to improve..😲
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I'd rather say that this is an example of quite a bad service. Execution is disgusting and support is inadequate. I'm dissapointed.
