Out of business
Updated: Oct 10, 2023
MWNGMarket is a forex broker. MWNG Market offers the MT4, MT4 Web and Mobile forex trading top platform. offers over 20 forex currency pairs, indices, energies, oil, gold and silver for your personal investment and trading options.
Website is down. Company seems to be out of business.
Out of business

Recent User Reviews of

California, USA,
Jun 15, 2021,

Service use: Live Length of use: 3-6 Months
Dating>Forex>Scam. So I was on FB dating and met what seemed like a handsome Chinese man who talked about trading gold using MetaTrader 4 and how he was happy to show me how. He did it professionally, sent me a bunch of screenshots that seemed legit and was happy to let me "shadow" his trades. We would converse on Whatsapp and he would tell me when to buy/sell XAU/USD. I signed up with MWNG as the brokerage and used Metatrader 4 and started shadowing his trades at first with a demo account and then started investing real money. Over the course of a month and many conversations (some quite profound) I ended up investing about $12k and through his guidance built the account up to $18k. It seemed great, until I tried to withdraw $6k. MWNG blocked it and asked for documentation (which I uploaded) and then they said, that to protect my account they were going to freeze it. And that I would have to deposit 50% of what was in my account in order to unfreeze it.($9k and they gave me a deadline of 1-3 days, and then changed it to 1-7 days after a couple of days). During that time they approved my documentation but still kept the account frozen and on the 5th day they cleared out my account. And now the guy is unresponsive. It's such a bizarre scam because it seemed like we had a real connection. So much texting, SMH I'm almost in awe of the amount of effort that he put into this to con me. We chatted on Whatsapp for over 100 days. Given he was constantly trying to get me to raise more funds, to increase capital so that I could make more money. Oh, and I never saw his face because he said that he had trauma around video chatting that, his fiance had died in a car crash while video chatting with him and so he had a phobia of facetiming. But he would send recordings of himself singing, and dishes that he cooked at night, really sweet details about his day to day experience, and would give emotionally intelligent advice about things that were going on at work for me. But our relationship was platonic because of his trauma and it seemed like we had become friends. He was even planning to come out and visit.
What set off the red flag for me was that I met another person on FB dating who had a very similar story, also traded gold and also felt guilty for killing (in this case his sister) , because of video chatting while she was driving and had fear of talking on mobile face to face as well. This person was much more romantically focused and again seemed so sincere. He used a brokerage one called (so beware there). That's what triggered me to try and withdraw the $6k from MWNG. It's mind-boggling the lengths some people will go to, to con people. So sad.
Gwen J
Malaysia, Malaysia,
May 25, 2021,

Scam broker, unable to withdraw money

Service use: Live Length of use: 0-3 Months
I met this guy on Instagram added me on WhatsApp, chat for sometimes then he taught me how to trade gold on MT4 said that we can invest for our future together, also tells me I can withdraw money anytime I wants. But the time I request to withdraw, the customer service said I need to upgrade to VIP deposit another 12k due to not reached the transactions of limit. After this guy gone and disappeared.
Geny flores
May 12, 2021,
Registered user


Service use: Live Length of use: 0-3 Months
Romance scam alert!!!!from Facebook do not trust!
Multiple accounts on Facebook making you believe they have a sure fire analyst then push to invest more, but unable to withdraw
France, France,
Apr 16, 2021,

Tried to be scammed by someone

Service use: Demo Length of use: 0-3 Months
A chinese "girl" met on FB Meetings. Ask me to come on Whatsapp. SHows me what she's cooking, then doesn't answer for a moment.
Come back and saying "Sorry I went doing some yoga a placed a trade on Gold on MT4". Sending a picture of a 29 878$ winner's trade.
After another chitchat she offers to help me doing the same. Open a DEMO account to show me how easy it is: I win 2700$ on first trade thanks to her "signal".
Then "she" ask to open a real account on this broker!

Here's the phone number of the scammer : +852 9314 6695
1 trader has found this review helpful
London, United Kingdom,
Apr 10, 2021,
Registered user

This is a scam company, please be aware and report it to police

Service use: Live Length of use: 0-3 Months
I have invested more than 57000 dollar in this company, and I made more than 150000, Then they started to make lose some trades which was equal to 50k, then I decided to withdraw my 100k.

I have requested a withdrawal but they kept rejecting my request and kept asking me to deposit another 100k in order to withdraw.

I refused to deposit again, and they freeze my account and cleared my wallet.

The company run in the UK by four Chinese guys pretending they are businessmen from Hong Kong. The website is fake as they hiding their IP address and using google IP address and some random VPN fake addresses.