The Punisher
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Where will you file the lawsuit? What country?
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Please try to select the correct prefix when making a new thread in this folder.
Discuss is for general discussions of a financial company or issues related to companies.
Info is for things like "Has anyone heard of Company X?" or "Is Company X legit or not?"
Compare is for things like "Which of these 2 (or more) companies is best?"
Searching is for things like "Help me pick a broker" or "What's the best VPS out there for trading?"
Problem is for reporting an issue with a company. Please don't just scream "CompanyX is a scam!" It is much more useful to say "I can't withdraw my money from Company X" or "Company Y is not honoring their refund guarantee" in the subject line.
Keep Problem discussions civil and lay out the facts of your case. Your goal should be to get your problem resolved or reported to the regulators, not to see how many insults you can put into the thread.More info coming soon.
Problem MetaQuotes (Meta Trader) Complacent in White Label Scams
- Thread starter The Punisher
- Start date
I am having an issue with a company
georgef99
Banned for uncivilized behavior.
- Messages
- 8
Country of regulation broker
Asic
The Punisher
Major
- Messages
- 2,695
Please provide the website of the broker.
4evermaat
2nd Lieutenant
- Messages
- 2,709
Actually turns out that MetaQuotes has been making some changes to their White Label offering over the past couple of years to combat scams. The on-boarding requirement is a bit more strict now for nearly 1 year now.
www.financemagnates.com
But again, this is no substitute for client's own common sense.
Can New Offshore Brokers Adapt as MetaQuotes Tightens Its White Label Policy?
MT4/5 remains CFD brokers' top choice, even for white labels, but MetaQuotes' tighter white label onboarding requirements is troubling those offshore.
But again, this is no substitute for client's own common sense.
georgef99
Banned for uncivilized behavior.
- Messages
- 8
Doesn't matter
Fpa thinks I'm a highly suspicious person anyway
FPA Forums Team Note: Providing useful information about a scam broker would make you seem less suspicious.
The Punisher
Major
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- 2,695
What MQ hasn't addressed is the grey label licenses!Actually turns out that MetaQuotes has been making some changes to their White Label offering over the past couple of years to combat scams. The on-boarding requirement is a bit more strict now for nearly 1 year now.
Can New Offshore Brokers Adapt as MetaQuotes Tightens Its White Label Policy?
MT4/5 remains CFD brokers' top choice, even for white labels, but MetaQuotes' tighter white label onboarding requirements is troubling those offshore.
But again, this is no substitute for client's own common sense.
The Punisher
Major
- Messages
- 2,695
Provide the scam website and some details about your scam including how MT was involved. Or create a new thread and flag your scam broker with all the details.
The Punisher
Major
- Messages
- 2,695
Funny thing is they only address white label brokers and did nothing for the grey label brokers. Grey labels are freely licensed on the open marketing with zero KYC involved. Regardless its well know MetaQuotes openly fosters financial scams including pig butchering but as long as they get their licensing fees they don't care!
financefeeds.com
John Oliver Rips Into MetaTrader Over Role In 'Pig Butchering' Scams - FinanceFeeds
"If your friend told you to download an app, and you saw it in the app store with good reviews, you might assume everything on it was legitimate. In before, you saw MetaTrader's logo which looks like three men in suits jerking each other off under a table - an appropriate metaphor for...
financefeeds.com
exchangeviews
Recruit
- Messages
- 81
MT4 and MT5 are banned in India now also. Check WikiFX news article.Funny thing is they only address white label brokers and did nothing for the grey label brokers. Grey labels are freely licensed on the open marketing with zero KYC involved. Regardless its well know MetaQuotes openly fosters financial scams including pig butchering but as long as they get their licensing fees they don't care!
John Oliver Rips Into MetaTrader Over Role In 'Pig Butchering' Scams - FinanceFeeds
"If your friend told you to download an app, and you saw it in the app store with good reviews, you might assume everything on it was legitimate. In before, you saw MetaTrader's logo which looks like three men in suits jerking each other off under a table - an appropriate metaphor for...
The Punisher
Major
- Messages
- 2,695
Breaking News! MetaQuotes Platforms Blocked in India!
Local reports suggest that MetaQuotes' trading platforms, MT4 and MT5, have been blocked in the Google Play Store India.
