MVDeals: reviews, trading conditions analysis. Scam or reliable broker?
What is MVDeals really?
At first glance at the MVDeals website, a feeling of déjà vu arises. You have probably already heard about:
- 195 thousand accounts,
- 200+ financial instruments,
- 110 million dollars of daily trading volume,
- 4 years of market presence.
Any suspicious broker can present such statistics, but where is the evidence of market success? WHOIS showed that the mvdeals.net site has only existed since September 2, 2021, explaining the lack of reviews and expert company reviews.
According to the declared legend, the broker’s office is located at: Pilovská 6 416 87 Litvínov, Czech Republic, but even the coordinates do not match completely. The provided address and phone number are fake.
Only an email address for contact remains, but contacting through the specified email is not recommended as fraudulent organizations use it to collect contact information.
The MVDeals website practically copies the GG-Team platform, which raises serious suspicions.
What are the legal grounds of MVDeals?
The official MVDeals website claims that the company operates under the supervision of three regulators:
- Cyprus Securities and Exchange Commission (363/23),
- International Financial Services Commission, IFSC (33/456/TS/43),
- Financial Services Commission of Mauritius (C336558987).
However, checking the registries of these bodies revealed falsehood.
What does MVDeals offer?
The website lacks a demo account. Several types of real accounts are offered:
- Mini. Minimum deposit – $150, leverage up to 1:100.
- Silver. Starting deposit – $1,000, leverage 500x, deposit insurance.
- Gold. To open an account, $10,000 is required, deposit protection.
The website does not specify on which platform the trades take place, and reviews of payouts are also not visible.
What do investors leave in reviews?
The MVDeals broker has only been operating for a few weeks, so there are few reviews yet, but expecting their positivity is not advisable.
How is the MVDeals scam structured?
The creators of MVDeals are already familiar with the scam scheme and successfully apply it. Their algorithm includes:
- Attracting victims through forums and social networks,
- enticing conditions for investment,
- pushing traders for new investments,
- refusal to make payments.
Suing is pointless; the scammers will not even return the initial deposit.
In conclusion
MVDeals is a new scam associated with old fraudsters. Be vigilant and avoid contact with this company if you value your funds.
Leave your review, share your experience with MVDeals to help others avoid losses and not become victims of fraud.