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MTOFX

United Kingdom|Scam Brokers|
5-10 years|Suspicious Regulatory License|Fake MT4|Chinese market only|High potential risk|

http://www.mtoforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Counterfeit

2
Server Name
MTO MetaTrader 4-Demo MT4
Server Location Hong Kong

Contact

400550123
info@mtoforex.com
http://www.mtoforex.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

400550123

Broker Information

More

Company Name

MTO Capital Markets Ltd

Company Abbreviation

MTOFX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-04-20
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to Withdraw

Return my hard-earned money!

In fact, Polish banks have already imposed strict requirements on MTOFX deposits MTOFX. Due to the unclear whereabouts of large sums of funds, the real address is required to provide real addresses. Starting from 7.10, other banks’ deposit restrictions on MTOFX have reached the highest peak in history. . At this time, the BTC price of MTOFX has been ranked first in the world for a long time, and hundreds of thousands of funds have poured into MTOFX through the transfer of BTC, and the pressure of withdrawal has further increased. In the end, on the 8.5th, MTOFX could no longer deal with the fact that it was unable to withdraw cash (this was confirmed after the EXT team called several banks and several players). Since 2013.7.31, MTOFX can no longer withdraw cash. Players in China can no longer receive any cash withdrawals, and at the same time, Americans on the other side of the world cannot receive MTOFX withdrawal fees through intermediary banks such as Citibank. At the same time, in EU countries, people cannot get their relevant withdrawals through EU banks. MTOFX's statement issued on the 8.5th revealed that its various fronts are optimizing, but the facts have proved that its inter-bank deposit and withdrawal have encountered great obstacles, and the arduous negotiations have made no progress. And Bank Of China, which is closely related to the people of our country, has not even received the application submitted by MTOFX. It still takes a longer time to wait. After the communication with the MTOFX staff, we got an unsatisfactory news: wait, we don't know how long we will wait. Although I sincerely apologize to all users, MTOFX is unable to provide what has become a fact, and when it will be restored in the future, it cannot give a realistic timetable by itself. The physical financial control is undoubtedly a huge blow to MTOFX, and it has blocked all of it. The incoming and outgoing funds have caused its transaction prices to exceed all platforms, and users have no second choice other than buying coins and fleeing funds. 1 Severe risks have caused the platform to be precarious, and the risk coefficient of MTOFX, which cannot prove to be innocent and unwilling to disclose the truth, is greater than 90%. The situation that funds can only be accessed has become its fatal drawback. 2 No longer publishing information based on facts. Since 6.20, the platform has been subject to strict supervision of physical finance and cannot complete international exchange at all. However, it is unwilling to publish the truth in consideration of its own interests, resulting in many players still entering when the situation is unknown. MTOFX trading, it is easy to cause losses. 3 It is almost impossible to withdraw cash in the short term. As far as the actual financial service system is concerned, financial supervision at home and abroad is equally strict. Except for a few countries in the world that have declared no financial controls (such as Argentina), many other countries have strict management on this. Resolving issues such as freezing funds and free exchange with banks, the negotiation time is lengthy, and the relevant financial license has not been obtained by itself, and the successful solution of the withdrawal of funds has become a desperate situation. 4 There is no support from other exchangers other than banks. It can be said that exchangers are the lifeblood of this type of trading platform. Without the support of exchangers, the possibility of non-bank financial flows has been blocked, and all fund flows of MTOFX are basically in a stagnant state.

FX1349056506
2021-03-22 15:04

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