In this review, we will describe why MXTrade is a scam that you should avoid at all cost !
Is MXTrade Legit?
MXTrade is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why MXTrade is a dangerous broker to deal with.
Are Funds Safe with MXTrade ?
With such lack of information and MXTrade being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is MXTrade is withholding vital information to users.
MXTrade could go bankrupt from one day to another since there are no banking information about this broker.
MXTrade Review: our Conclusion!
MXTrade is an unregulated broker to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
MXTrade Scam Review
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Website URL : www.mxtrade.com (website off)
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Type of Scam : Unregulated Broker (CFDs, Forex)
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Regulation : None
Hi how are you I’ve been trying to login my live account but it’s keeps on kicking me out
———- Forwarded message ———
From:
Date: Sat, 4 Jul 2020 at 2:23 am
Subject: NOTICE OF INTERNAL FRAUD
To:
This email was sent by [email protected] Display it in your web browser | Unsubscribe from this list
IMPORTANT!
NOTICE OF INTERNAL FRAUD
Dear Esteemed Investors,
We’ve received multiple emails regarding the strange delay in disbursal of withdrawals today and have decided to address this.
At the early hours of today, a staff within; Martin Semenov, who have worked with us for over 5 years and was recently promoted from basic technical support to advanced computational account management and support, was known to have performed a fraudulent action and leaked the MXT general Fund Private Keys to some unscrupulous pins and instantly, MXT’s funds have been wiped clean.
All funds including that which was already realized from the Non-Farm Payroll report which we embarked on earlier this year.
Martin Semenov was recently allowed to work supportive from home as the case with most companies during the pandemic period. Unfortunately, we never expected that such action could be perpetrated by a trusted internal staff.
We have engaged the employment details and IP range of his last despondence to track his whereabouts and bring this fraudster to book.
What about our investors? We look out for your interest and cannot afford to let you bear this loss, we’ve initiated some backup funds into more complex techniques to realize profits at least to refund capital for investments.
This may take about 2-3 months to regain this ground as we may lose a number of staff and investors with the inability to pay them. This successful road started 9 years ago is about to be dragged to its unwanted end with this unexpected act. We are already reaching out to multiple angel investors worldwide to provide us more funds to help alleviate the situation. We have still got the skill but have lost our funds.
To this effect, all withdrawal placed would be refunded to user accounts until further resolution within MXT. We deeply apologize to our investors who have trusted us but have to experience this at this time.
Login Now
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Find out more
At MXT, we need you now more than ever and if we are not able to gain our ground before a required time, we are most likely going to lose our license and need to file for bankruptcy. We are working with angel investors to boost our chances of surviving this big loop.
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Robert Lorenzo
Mac xeon Trades and Investments, Marketing Manager
http://www.mxtradeinvest.com
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M. LORENZO · 86 st vincent street · ULLADULA 52634 · AUSTRALIA
Mxtrade are total scam along with most of them they lie and cheat your money and ruin lives
gaz
im very upset as mx trade have scammed me i lost 100k steerling
no 1 can help me
no 1 answering there wots calls
wot should i do
thats my life savings
Mxtrade are total scam along with most of them they lie and cheat your money and ruin lives lost £200k
A lot of people trusted mxtrade investments and lost money.
It seems, some people build a team and begun to start a big big big scam.
A FB group with this people helped to motivate other people to invest.
They prepared the scam. All thought the company started years ago.