Am I scammed by MTrading?

Please help verify MTrading's legitimacy. I made profits there but not allowed to withdraw. No reasonable explanation from them.

Dear Investor,

We understand the distress and frustration this issue may have caused you. We looked into MTrading and are seriously concerned about its legitimacy, as it is not considered a licensed broker.

MTrading relies solely on its claimed registration with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) to demonstrate its legitimacy. However, there are two major points to watch out for: firstly, the SVG FSA is a financial authority in an offshore area, providing lax supervision and minimal protections. Secondly, this agency has clarified that forex trading brokerage activities are not licensed or regulated there. Without any other valid financial licenses, MTrading's credibility is significantly questionable.

Since your case spans different countries, we suggest reporting it to both the SVG FSA and your local authorities, although the offshore watchdog does not regulate forex trading. We also encourage you to file a complaint on our platform https://www.brokersview.com/complaint. Our dedicated team will thoroughly review your case and work diligently to help you find a possible solution.