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So, MFF with the name of Traders Global actively minimized the trade profitably by using pretexts to terminate customer accounts. This also includes misleadingly assessing commissions that reduce customer account equity. They have made 7 million USD in revenue only from charging $3 commissions from MFF traders. That’s insane, right?
This doesn’t stop here. With the algorithm they have created a process where the more profitable you are, the more reasons MFF will create to avoid payout. Because MFF will lose money when traders make money.
As they use their own broker called Traders Global- they have engaged in deceptive practices to minimize customer profitability. Including terminating accounts, assessing misleading commissions, to execute orders at unfavorable prices, and handicapping successful customers to increase losses.
Hence, TG violated multiple regulations by providing illegal services and soliciting orders from retails forex customers without registration.
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