Mulfix-Earners (the scam entity) has been flagged by Jersey Financial Services Commission for "Unauthorised". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Mulfix-Earners (the scam entity) is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I was about to invest with Mulfix-Earners (the scam entity) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Jersey Financial Services Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Jersey Financial Services Commission|Cannot verify credentials
After spending for roughly four months trying to make Mulfix-Earners (the scam entity) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Fast execution|Segregated accounts|Tax reports included
Cons: Limited ETF selection
Mulfix-Earners (the scam entity) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Fast support response|Clean UI|Clear documentation|Risk management tools
Cons: Currency conversion fee exists|Email notifications too frequent
I gave Mulfix-Earners (the scam entity) a fair chance. After for about ten months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Dedicated account manager|Great customer service|Automated trading options|Market news feed
Cons: Limited social trading features