Scam Brokers on MT5

Sexton

Recruit
Messages
2
My 'New Trading Friend' got me interested in MT5 - connected to this Broker;-
1597234314419.png
Who have now been flagged as scammers.

A couple of weeks ago, the "MT5 Hong Kong Office - Customer Support Team" communicating via WhatsApp (number supplied by my lovely 'Trading Friend' (+852 5396 9837), told me that I must perform the "Broker Upgrade", to use this Broker ;
-1597234845074.png
I am quite sure that this is the latest - Scam Broker that this Gang are using.
They are waiting for me to open a 'Real' account, that I have told them that I will do next week.

One good thing out of all of this - is that I have learnt to use the Mobile version of MT5, and would like to use it
with a legitimate Broker. I live 25 miles west of London, UK, what Brokers should I choose from (I am a Novice )

Regards

Kev

FPA Forums Team Note: Do not ask for or make recommendations in the Scam Alerts folder. Doing so would permanently tied the recommended company's name to the complaints you have made about other companies.

Instead, please open a thread in the
Forex Company Comparisons folder if you want recommendations.
 

4evermaat

2nd Lieutenant
Messages
1,968
One good thing out of all of this - is that I have learnt to use the Mobile version of MT5, and would like to use it
with a legitimate Broker. I live 25 miles west of London, UK, what Brokers should I choose from (I am a Novice )

Regards

Kev

I do recommend you have a clear understanding of the business model that your broker uses (how they make money off of clients) BEFORE sending your money to any broker:


And also follow @FPA Forums Team advice:

FPA Forums Team Note: Do not ask for or make recommendations in the Scam Alerts folder. Doing so would permanently tied the recommended company's name to the complaints you have made about other companies.

Instead, please open a thread in the
Forex Company Comparisons folder if you want recommendations.
 

Sexton

Recruit
Messages
2
My 'New Trading Friend' got me interested in MT5 - connected to this Broker;-
View attachment 56703
Who have now been flagged as scammers.

A couple of weeks ago, the "MT5 Hong Kong Office - Customer Support Team" communicating via WhatsApp (number supplied by my lovely 'Trading Friend' (+852 5396 9837), told me that I must perform the "Broker Upgrade", to use this Broker ;
-View attachment 56704
I am quite sure that this is the latest - Scam Broker that this Gang are using.
They are waiting for me to open a 'Real' account, that I have told them that I will do next week.

One good thing out of all of this - is that I have learnt to use the Mobile version of MT5, and would like to use it
with a legitimate Broker. I live 25 miles west of London, UK, what Brokers should I choose from (I am a Novice )

Regards

Kev

FPA Forums Team Note: Do not ask for or make recommendations in the Scam Alerts folder. Doing so would permanently tied the recommended company's name to the complaints you have made about other companies.

Instead, please open a thread in the
Forex Company Comparisons folder if you want recommendations.
OK - Thanks for the - steer.
 

FxMaster

Lt. Colonel
Messages
9,534
lol, I guess we both had similar scam
If you are having a serious problem with a company, you should open your own thread in Scam Alerts and give details.

Why your own thread?

1. If the person who started this thread has their issue resolved, this whole thread will be marked as resolved.

2. Your thread can have a link from your review. This makes your issue more visible.

3. Issues can be different. Having your own thread makes it easier to get advice specific to resolving your issue.
 

JamesEdwards98

Private
Messages
85
My 'New Trading Friend' got me interested in MT5 - connected to this Broker;-
View attachment 56703
Who have now been flagged as scammers.

A couple of weeks ago, the "MT5 Hong Kong Office - Customer Support Team" communicating via WhatsApp (number supplied by my lovely 'Trading Friend' (+852 5396 9837), told me that I must perform the "Broker Upgrade", to use this Broker ;
-View attachment 56704
I am quite sure that this is the latest - Scam Broker that this Gang are using.
They are waiting for me to open a 'Real' account, that I have told them that I will do next week.

One good thing out of all of this - is that I have learnt to use the Mobile version of MT5, and would like to use it
with a legitimate Broker. I live 25 miles west of London, UK, what Brokers should I choose from (I am a Novice )

Regards

Kev

FPA Forums Team Note: Do not ask for or make recommendations in the Scam Alerts folder. Doing so would permanently tied the recommended company's name to the complaints you have made about other companies.

Instead, please open a thread in the
Forex Company Comparisons folder if you want recommendations.
I tend to stay away from MT5, it's just buggy and not that good. Either use MT4, or CTrader. And review brokers on the review section of this site. Sorted.
 

PK494

Sergeant
Messages
208
Refer to this Thread -->
Please REPORT ALL SCAMS to your local authority, banks and to the authority where your money was sent to

Hong Kong: https://www.police.gov.hk/ppp_en/04_crime_matters/adcc/contact.html

Hong Kong SFC: HK SFC Online Complaint Form

Singapore: https://www.police.gov.sg/I-Witness

Taiwan: https://english.police.gov.taipei/cp.aspx?n=4C927E8874B0DDE8

China: http://cyberpolice.mps.gov.cn/ but need someone who reads Chinese to navigate

Usually all these websites are register using GoDaddy so, please report it here too: abuse@godaddy.com

HOW TO COMPLAIN TO THE REGULATORS MANUAL

It’s EXTREMELY IMPORTANT that everyone affected come forward in order to defeat this type of organization. Put them all behind bars where they belong.

company offering forex, gold, financial trading product require to obtain license from financial regulator, the license can be cross check with financial authority website. if broker company operate without verifiable license number, most likely it is fake trading, and your trade doesnt pass to the real market exchange. the money is gone for good as soon as you send the deposit
 
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