MTrading: former clients’ reviews about the company
Information about MTrading
MTrading claims that its main goal is to help traders. According to the company’s information, it has been providing services for over ten years and has achieved significant results:
- expanded network of offices (10 offices in different countries around the world),
- 260,000 traders,
- 60% positive reviews rated five stars,
- 5,000 partners receiving passive income.
The company points to a number of awards received in recent years, striving to prove its reliability. However, an analysis of the domain history through the whois service shows that the domain mtrading.pw has been active since June 2021, which does not correspond to the company’s stated history.
In addition, it has been discovered that scammers have another website – mtrading.com, and reviews about the alleged broker with the same name appeared as early as 2019. This indicates their dishonesty.
Real ways to contact support are limited to just email, with other contacts turning out to be invalid. This leaves users to deal with their problems on their own.
Regulation
MTrading states that clients are protected by insurance of 20,000 euros as part of the Compensation Fund of the Financial Commission. There is a link on their website to a document confirming the company’s membership in this body. However, real customer reviews indicate that this does not guarantee safety, as the Financial Commission is a fake organization covering up scammers.
The MTrading brand is operated by ServiceComsvg LLC from an offshore zone. According to information, they are registered and regulated in Saint Vincent and the Grenadines. However, the local regulator only ensures the inclusion of the financial institution in the database of the island state, without controlling their activities. This allows scammers to operate freely.
In addition, internal documents on the platform are simply copied from another company’s website (the name Finvest Solutions Limited remains unchanged). This indicates dishonesty and a lack of readiness to comply with agreements.
Trading Opportunities
MTrading offers education, analytical tools, partnership programs, and favorable trading conditions. However, according to reviews, the company refuses to pay profits and even return funds to clients. This forces traders to seek legal assistance to recover funds through the chargeback procedure.
Company Reviews
Brokers try to convince users of their reliability, but attempts to manipulate ratings significantly reduce trust in them. Therefore, many reviews of MTrading turn out to be negative.
In conclusion, we recommend refraining from cooperating with MTrading, as they are a fraudulent organization acting to the detriment of clients. Be vigilant and do not fall for deception.