White Label Severs MT4 SCAM (real accounts)

CodeNameTBW

CodeNameTBW.com Representative
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Hey guys

Thought this should be brought up. And as many forex traders should be made aware of this as possible.
But there is this video going around the internet talking about "White label severs" Metaquotes has taken it down more than three times.....
Now I wouldn't bore you with all the details, but basically if you pay like 5k-10k you can have your own MT4 server.

And you can make DEMO and REAL accounts. And you can change any details to the accounts deposits, withdraws, profits, and losses,
This is incredibly dangerous and be used to cheat people into thinking someone has a good trading record. But truth is they just got a White label sever. And they just typed in the results they wanted. Also the person can connect the account to any third party website. Like Myfxbook, FXBlue, or even FPA..... :oops:

And they can have it look as if it's a real, Live broker Like ICmarkets, FXopen, Forex.com etc it works with all of them.

I really think you guys should have a look. @Pharaoh can you have a look as well, and give your option because this is incredibly worrying.
(Can someone PM Pharaoh if he doesn't see it)

If I'm wrong here then great. I hope I'm wrong, or late, or maybe I have outdated information. But a quick google of "white label severs MT4" and you will see haft dozen websites offering this service rite now.


Youtube Video



Instagram Part2 video
 
I find this VERY disturbing. Using this, even taking a quick look under the hood with an investor login won't give away the cheating.

I saw your PM. I'll be sending you a few questions.
 
What you are saying is what I am trying to check if it is true or not, can a scam server exists on metatrader platform ? The broker can scam me while showing me a fake ( real account on metatrader) .. I am sure I have been scammed by a very similar way to what you have explained ,, the server name is platformsfx-server ,, it shows that my account is real but they took all my money basically through a website called o-markets.com
 
Hi guys,

I have been using a broker by the name of Hengxin (HXI) and after having invested significant amounts of money with them realised that they are a white Label broker (unregulated).

Using their services I have been able to attain profits double of my initial investment opening and closing trades by myself using MT4. As I attempt to withdraw funds, they are stating that I need to pay a tax on the profits earned within a week to be able to withdraw my funds due to the high tax rates for my country (Australia)

Would the White Label Broker (HXI in this case) be able to manipulate my screen and have my account set up as a demo whilst showing me that it was a real account instead? This would explain why I am unable to withdraw funds and they wish for me to keep pushing money in to get my existing funds out.

This is raising a lot of red flags for me and I am seriously concerned if I would be able to get back any amount of my funds back. They have also threatened to freeze my account if the tax is not paid in full.

Can anyone give some guidance on this please?
 
Hi guys,

I have been using a broker by the name of Hengxin (HXI) and after having invested significant amounts of money with them realised that they are a white Label broker (unregulated).

Using their services I have been able to attain profits double of my initial investment opening and closing trades by myself using MT4. As I attempt to withdraw funds, they are stating that I need to pay a tax on the profits earned within a week to be able to withdraw my funds due to the high tax rates for my country (Australia)

Would the White Label Broker (HXI in this case) be able to manipulate my screen and have my account set up as a demo whilst showing me that it was a real account instead? This would explain why I am unable to withdraw funds and they wish for me to keep pushing money in to get my existing funds out.

This is raising a lot of red flags for me and I am seriously concerned if I would be able to get back any amount of my funds back. They have also threatened to freeze my account if the tax is not paid in full.

Can anyone give some guidance on this please?
Has anyone anyone paid their tax to withdraw withdraw and still didn't receive their money?
 
Has anyone anyone paid their tax to withdraw withdraw and still didn't receive their money?
Hi. I also in the same situation. today is my last day to pay, i was looking for information about MT4 tax law, but almost nothing. how about you, did you pay tax what they where asking?
 
Hi. I also in the same situation. today is my last day to pay, i was looking for information about MT4 tax law, but almost nothing. how about you, did you pay tax what they where asking?
Hi , no ... The Chinese girl disappeared and the uncle still asks me for the commission to pay . Got wassup?
 
Hey guys

Thought this should be brought up. And as many forex traders should be made aware of this as possible.
But there is this video going around the internet talking about "White label severs" Metaquotes has taken it down more than three times.....
Now I wouldn't bore you with all the details, but basically if you pay like 5k-10k you can have your own MT4 server.

And you can make DEMO and REAL accounts. And you can change any details to the accounts deposits, withdraws, profits, and losses,
This is incredibly dangerous and be used to cheat people into thinking someone has a good trading record. But truth is they just got a White label sever. And they just typed in the results they wanted. Also the person can connect the account to any third party website. Like Myfxbook, FXBlue, or even FPA..... :oops:

And they can have it look as if it's a real, Live broker Like ICmarkets, FXopen, Forex.com etc it works with all of them.

I really think you guys should have a look. @Pharaoh can you have a look as well, and give your option because this is incredibly worrying.
(Can someone PM Pharaoh if he doesn't see it)

If I'm wrong here then great. I hope I'm wrong, or late, or maybe I have outdated information. But a quick google of "white label severs MT4" and you will see haft dozen websites offering this service rite now.


Youtube Video



Instagram Part2 video


Dear CodeNameTBW

Thank you for sharing the post. But, you have been miss leaded. Please be informed that a white label MT4 or MT5 platform does not have access to the settings mentioned in the video such as manipulating prices and/or trades.

The video is taken from the Prime MetaTrader 4/5 administration panel.
 
What you are saying is what I am trying to check if it is true or not, can a scam server exists on metatrader platform ? The broker can scam me while showing me a fake ( real account on metatrader) .. I am sure I have been scammed by a very similar way to what you have explained ,, the server name is platformsfx-server ,, it shows that my account is real but they took all my money basically through a website called o-markets.com

Dear Karim S,

Unfortunately the scammers are spreading alongside with the technology growth. I hope these information help you in finding the right answer.​
  • There is no such as a "scammer server"! But, there are owners/directors/shareholders with scamming policies, because they are too dumb to make their way up in the market.​
  • Unfortunately, Licensing and/regulation cannot stop a broker from fraudulence.​
  • A trading platform with its server requires to be bought from a platform provider such as MetaQuote or Spotware. The process is %100 legal.​
  • When you submit a request to create a live or a demo account, the broker receives and they do accordingly. When your account is open, the broker decides to A Book or B Book based on their internal hedge or risk policy.​
The elaboration above may confuse readers, I will try my best to shed more lights in my future posts.
 
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