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    MWNG

    MWNG

    China
    1-2 years Suspicious Regulatory License MT4/5 White Label Chinese market only High potential risk
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    Score
    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9
    10
    License 0.00
    Risk Manag 0.00
    Software Index 4.00
    Business 4.84
    Regulatory 0.00
    Company Abbreviation

    MWNG

    Registered region

    MWNG China

    Company Name

    MWNG COMPANY LIMITED

    Company address

    --

    Website

    http://mwngmarket.com/mwng_en/index.php

    No valid regulatory information

    Please be aware of the risk!

    Broker Information

    Customer Service Phone Number

    --

    Customer Service Email Address

    mwngmarket@gmail.com

    Let me correct the erro.
    Pyramid scheme complaint
    Expose

    Check whenever you want

    Download App for complete information

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    Warning: Low score, please stay away!
    2
    2021.12.01
    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
    The number of the complaints received by WikiFX have reached 31 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    EA VPS

    No restriction on the broker account. Provide service support by WikiFX

    Single Core

    1G

    40G

    $ 0.99/month
    Open immediately
    Scam MWNG Market Scam site - Forced to pay upfront 30% taxes in order to withdraw money
    I am a recent fraud victim of Forex Scam via Facebook. mwngmarket.com was the site I was scammed from. You are unable to withdraw money. They hold your money hostage until you pay a 30% tax for your profit for a 1042S form (which doesn't apply if you are a US citizen since it's foreign income). You can't even withdraw your original principal!!! It seems like a legit broker on MT 4 until you try to withdraw any funds. Please spread the work about other fake Forex Brokers via MT 4 and MT 5 platforms. international-forex.com and hs.furionglobal.com are other scam forex sites. I've already filled out forms for FBI, FTC, SEC, and SDNY, but no response yet.
    FXJLSxay3706

    2021/9/16 13:07:04

    Unable to withdraw Unable to withdraw
    This platform did not allow withdrawals, and began to say that withdrawals need to pay a withdrawal channel fee, and said that after payment, you can withdraw funds, but then they said that the country’s personal income tax was stipulated. After payment, the platform suddenly disappeared, and an email was sent saying it took a few days for the system to be upgraded and maintained. After three days, the customer service platform server disappeared. Today, another email was sent suddenly, and the customer service was contacted again. I asked him when the withdrawal can be received, and now he said that MT4 has terminated the cooperation, and the withdrawal needs to be processed for VIP before the withdrawal can be made, if not, you need to queue up
    FXPYKyum6228

    2021/7/2 8:26:00

    Unable to withdraw MWNG doesn't allow withdrawals. Fraud broker
    Ask me to pay a margin deposit of 20%
    FXQLHnog6437

    2021/6/28 10:28:34

    Unable to withdraw MWNG is real scam
    I've traded here for over a month and then I was asked to pay a subscription of $2,888 within 24 hours which they never told me before.
    FXXDEqbn9273

    2021/6/16 5:42:36

    Resolved Something happened when I was going to withdra wfunds. I have to pay personal income taxes which is 20% of the withdrawal amount
    This fraud broker is without any license
    FXNGExoj5220

    2021/6/14 8:11:59

    Unable to withdraw MWNG IS 100% SCAM!!! DO NOT SEND ANY MONEY!!!
    5. They also allow you to borrow money from them for margin call if you are qualified (pretend they only offer this to VIPs). They request you pay 5% of service charge within 24 hours by showing them wire transfer from your own bank account (cannot be sent by someone else's account and do not accept cryptocurrency) . Within 7 days, they demand you to pay back the money you borrowed, otherwise your account will be frozen. To reactivate your account, you need to pay 10% of the account balance as penalty. 6. If you try to withdraw money for a second time, this is the drama. They claimed they were required by the US finance department to collect taxes for investment earnings. No matter what amount you want to withdraw, you are required to pay a service charge of 10% of account balance. For example, if you have $300k and you want to withdraw $100K, you are required to pay $30K ( $300K *10%). The money must be sent by your bank account directly again cannot be from someone else's account or cryptocurrency. The service charge is only for them to process a statement called Proof of Source of Assets, which they claim you will need for filing tax return. TO BE CONT.
    FXCBAqql0864

    2021/6/8 23:46:17

    Resolved Pay 1 times fee 2,888 usd
    I trade with MWNG 2 months ago. Yesterday I deposit 500 USD to my accounts and the admin tell me it’s complete but this money does not appear in my account and today 2.6.2021 Admin told me to pay about the 1-time fee of 2,888 USD if I do not pay they will freeze my account. I don’t know it real or a scam.
    FXXDEqbn9273

    2021/6/2 9:08:50

    Unable to withdraw Can’t withdraw and freeze my account
    I m trader with MWNG company forex around 1 month and I want to withdraw my money so that I inform admin to my decide and then they inform I m not followed their platform VIP1 then they let me invest more than 16888 USD and limited time in 2 weeks They never inform customers before and when customer got bonus and want to withdraw they just inform by e mail and inform to freeze my account if I can’t invest money more on time that they limit And now they freeze my account and let me pay fines 30% of total amount in my account.
    FXCGLqeu0819

    2021/5/29 15:46:45

    MWNG · MT4/5
    Identification Result MT4/5 White Label
    In most cases, the MT4/5 white label brokers are at risk of unregulated and non-formal training. In addition, white label brokers may be a counterparty of all trading positions of the clients.
    MwngCompany-demo
    MT4
    Server Name
    MwngCompany-demo
    Most visited countries/areas
    Hong Kong
    MwngCompany-live
    MT4
    Server Name
    MwngCompany-live
    Most visited countries/areas
    Hong Kong
    MWNG · Website

    Most visited countries/areas

    mwngmarket.com
    Server Location
    United Kingdom
    Most visited countries/areas
    --
    Website Domain Name
    mwngmarket.com
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    35.214.28.170
    Website
    --
    Company
    --

    MWNG

    Free CompensationMore details

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    MWNG

    1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

    1.pngWikiFX will not disclose your personal information to third parties.

    1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

    1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    MWNG
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    MWNG · Company summary

    --
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.