With the continuous development of the foreign exchange market, more and more investors are turning their attention to foreign exchange transactions, hoping to obtain generous returns. However, investors must be particularly vigilant when choosing a foreign exchange trading platform to ensure the safety of their funds. Recently, an investor submitted an article to Aihucha, disclosing the problems encountered on the CXMC Pakatan Harapan foreign exchange platform. These problems have aroused our concerns about the platform.
Problems with the CXM PH foreign exchange platform
The contributor reported that the foreign exchange platform CXM Pakatan Harapan where he worked was unable to withdraw money smoothly. Although he had appealed to the platform, he did not receive any positive response. The platform only responded that the account manager would contact me, but so far, there has been no actual action. This sparked concerns among investors as the situation could hint at problems with the platform.
The picture comes from the email provided by the trader.
Moreover, according to Aihucha, many investors had earlier complained online that the CXM·PH platform did not make withdrawals when making profits, and the backend and MT4 of his account were also disabled.
Pictures come from trader feedback
Pictures come from trader feedback
It is understood that this is not the first time that CXM Pakatan Harapan has encountered the problem of being unable to withdraw funds. There have been many cases since 2023.
At the beginning, many investors reported in major media that the CXM platform directly banned user accounts. Many users said that as long as they made a profit or involved withdrawals, the platform would suddenly ban their accounts without any reason or evidence. In response to this, the Pakatan Harapan CXM platform has never responded directly.
Such a platform is very unsafe for investors. After all, CXM will be closed if it says it will be closed, and it won’t be paid if it says it won’t give out money. Investment can’t do anything to it.
However, there are still many investors who believe that CXM PH has been around for four or five years and it is impossible to just run away. They still hold a bit of luck and feel that CXM PH is not a black platform. In the spirit of being responsible to our customers and for the benefit of our investors, we have conducted a series of investigations. Let’s give you an in-depth reveal one by one~
False UK Financial Conduct Authority (FCA) authorization and regulation
According to the Aihuicha platform, CXM has not found any effective regulatory information, and there have been many complaints. CXM’s score is only 0, so investors must be cautious when choosing a platform.
The picture comes from Aihucha Query
It is understood that CXM Trading·Pakatan Harapan claims to be an authorized trader of Alchemy Prime, but after detailed investigation, we found that this claim may be false.
First of all, the official website of CXM Trading claims that the company is registered in England and Wales and is authorized and regulated by the British Financial Conduct Authority (FCA) with regulatory number 612233.
The picture comes from CXM Trading·PH official website
However, a query on the FCA official website shows that regulatory number 612233 does correspond to Alchemy Prime Limited, but the official website of Alchemy Prime is www.AlchemyPrime.uk. This raises questions about whether CXM Pakatan Harapan Trading is actually regulated by the FCA, or whether it is pretending to be regulated by others.
In order to clarify this issue, Aihuizha contacted Alchemy Prime and asked whether CXM Trading has Alchemy Prime’s FCA regulatory authorization. Alchemy Prime’s reply made it clear that Alchemy Prime has no relationship with CXM Trading, which means that CXM Trading may have made false statements in claiming FCA supervision.
Picture from Alchemy Prime email reply
The incident raised public questions about the trust and legitimacy of CXM Pakatan Harapan Trading. If their claims of rights to be regulated by the FCA are false, investors' rights may be at risk. In addition, falsely using the regulatory authorization of another company is also an illegal act and may involve legal liability.
In summary, CXM Trading’s FCA regulatory claims are questionable, and Alchemy Prime’s denial has further strengthened this doubt. Investors and the public should remain vigilant and treat CXM Pakatan Harapan Trading’s investment claims with caution, and are advised to seek more information and guarantees to ensure that their own interests are not harmed. If CXM Pakatan Harapan Trading fails to provide evidence of legitimate FCA regulation, investors may want to reassess their business relationship with the company.
Tip: The source of the article is exposed across the Internet. Traders need to be careful when choosing a broker. If you are also using the CXM platform and encounter similar problems, you are welcome to submit articles in Aihucha.
