The Punisher
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- 2,632
Your scammers bought a white label license to use MetaTrader from UOSHENG International. This means that UOSHENG sold them the license under their agreement with MetaTrader (MetaQuotes). UOSHENG is not authorized by the NFA therefore if you traded on US based markets, you can also report UOSHENG World Limited to both the US NFA and US CFTC (complaint forms available online). Given UOSHENG is not licensed or regulated, they violated the license agreement with MetaQuotes and this directly shows blatant disregard by MetaQuotes for oversight and supervision for whom they sell licenses directly and indirectly to. How can an unregulated broker get a license to use Meta Trader and then sell white label licenses to other non-regulated brokers? MetaQutoes makes hundreds of millions a year from scammers which is why they turn a blind eye. They no longer even list a way for victims to contact them for help and if you are successful in contacting them, they will tell you to contact UOSHENG which is also part of the scam (what a racket).
MetaQuotes charges all white labels a fee upfront for the white label license, on-going monthly fees for the license and on-going monthly maintenance and support fees. MetaQuotes also allows these scammers to rent virtual server space directly on Meta Trader to host the scam broker accounts.
MetaQuotes charges all white labels a fee upfront for the white label license, on-going monthly fees for the license and on-going monthly maintenance and support fees. MetaQuotes also allows these scammers to rent virtual server space directly on Meta Trader to host the scam broker accounts.