Evaluation of the ManGo Trade Investment Project
Investments always involve risk, which is important to remember when choosing a project for investment. In the world of finance, there are many real funds offering stable passive income, but among them are potential scams. Therefore, it is extremely important to conduct a thorough analysis of legal documentation, terms, and reviews from real clients to distinguish a reliable company from a scam. In this review, we will look at the company ManGo Trade, which has received mixed reviews from users, and try to understand the validity of their doubts.
Insight into ManGo Trade’s Operations
The ManGo Trade website looks like a typical landing page, offering a limited amount of information for potential investors. It gives the impression that the creators deliberately concealed details to attract clients to their platform for more information. Interestingly, the previous website mango.trade had a completely different structure and more specifics.
Research through the specialized service whois revealed that the site was launched in February 2020, although the company claims to have long-term experience and successful projects. Recently, ManGo Trade shifted its focus to alternative investments, previously positioning itself as electronic commerce. Complaints about dishonest activities led to a website redesign and the hiding of specifics to mitigate negative client opinions.
Currently, the contact information on the platform is limited to an email, and support responds only when the client shows active financial interest.
Critical Analysis of the Legal Component
The website does not provide legal information about the company, although the User Agreement mentions Mango Money Holding Inc, registered at: 16192 Coastal Highway, Lewes, Delaware 19958. Official registry data indicates that an office of Delaware Inc, providing business registration services, is located at the mentioned address. The company does not disclose having a license for investment activities.
ManGo Trade’s absence from the Central Bank of the Russian Federation’s registers and negative reviews about the organization confirm the thesis of its financial insolvency and lack of guarantees for depositors.
ManGo Trade’s Offers and Their Provocation
Following the changes on the ManGo Trade website, information on rates and investment conditions has been lost. The company now individually approaches each depositor to determine potential profits. Information is available online about investment programs offered by scammers:
- minimum deposit — from 500 dollars,
- yield — from 7% monthly (depending on the chosen program),
- possibility of premature contract termination.
In addition, fraudsters offer a share in Mango King and promise to make clients co-founders (initial contribution starting from 50 thousand dollars).
The projects touted by the company include:
- online banking DNC,
- investment school of thought,
- online store of branded goods.
No credible reviews about payouts from ManGo Trade have been found, while negative reviews prevail.
Pitfalls of Fraud
User reviews point to the deception used by fraudsters to attract investors through a partner network. The high interest rates and attractive conditions make ManGo Trade appealing but effectively deprive clients of their funds without restitution. Users agree to unknown conditions, unaware of financial risks and responsibilities. After finally losing their funds, they realize the true intentions of dishonest operators.
Conclusions
Collaborating with ManGo Trade will result in losses as the company is not a reliable investment platform and is based on deceit. Do not trust empty promises, or you risk losing significant financial assets. Be vigilant and do not fall for the tricks of scammers, or you will become a victim of their cunning.
