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Groupmt4trading

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Operating status: SCAM

Website: https://www.groupmt4trading.com/

Broker violations and abnormal records
  • Oct 06, 2023 BrokersView has reviewed that Groupmt4trading is an unregulated broker

    Groupmt4trading claims to have been providing consulting services for 10 years, accumulating up to over 25,000 customers. However, its website age is merely less than one year. This discrepancy strongly suggests that it is a scam.

    Furthermore, this is a significant scam indicator that a platform lacks the essential information about its regulatory status. As a legitimate one always prominently display its accreditation and licenses to ensure transparency.

    Groupmt4trading's website is shoddy. The links to legal documents are dead. While it has an office in India, there are no indications that it is registered with any local financial regulator. What's more, there isn't a watchdog in this country responsible for forex and crypto trading.

    In essence, Groupmt4trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Groupmt4trading is unequivocally a scam.

    Groupmt4trading claims to have been providing consulting services for 10 years, accumulating up to over 25,000 customers. However, its website age is merely less than one year. This discrepancy strongly suggests that it is a scam.Furthermore, this is a significant scam indicator that a platform lacks the essential information about its regulatory status. As a legitimate one always prominently display its accreditation and licenses to ensure transparency.Groupmt4trading's website is shoddy. The links to legal documents are dead. While it has an office in India, there are no indications that it is registered with any local financial regulator. What's more, there isn't a watchdog in this country responsible for forex and crypto trading.In essence, Groupmt4trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Groupmt4trading is unequivocally a scam.

Related Complaints

Q&A

FROUD COMPANY

ASHOK KUMAR MUNNA GFX ACADEMY
India
Oct 06, 2023
ANSWER Dear trader,We have confirmed that Groupmt4trading is an unregulated broker that poses significant risks to investors. We strongly suggest you have no further dealings with the platform, and report it to the local police and relevant financial authorities.The age of Groupmt4trading's website doesn't match its claim, which is a red flag. It is impossible for a less than 1-year-old platform to have more than 25,000 customers.While it purports to have an address in India, there are no official data supporting its assertion. Groupmt4trading fails to disclose any information about its regulatory status, and there are no financial watchdogs in this country responsible for forex and crypto trading. Therefore, Groupmt4trading operates without the required license and oversight.As such, it is risky to trade with the unlicensed platform Groupmt4trading. Its clients are exposed to substantial risks of fraud and identity theft.Furthermore, BrokersView wants to remind investors that there is another type of fraud scheme called "recovery scam", where businesses or individuals claim to be able to track and even reclaim your losses. The UK Financial Conduct Authority (FCA) has issued a warning about it, you can read the full warning here. Please stay alert and do not fall victim to it.
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