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Am I scammed by MTrading?
N Haynes
Vietnam
2024-11-06
ANSWER 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.
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Hi, it MTrading regulated ?
Steve
Marshall Islands
2022-09-05
ANSWER MTrading is not a licensed or regulated broker even though it states offers that look good to be true. MTrading claims it is a trading name of ServiceComsvg LLC, a company regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with company number 1593 LLC 2021.Regarding the SVG FSA, we'd like to remind traders that SVG FSA does neither issue licenses for forex trading nor regulate international companies and brokers engaging in forex activities.We keep on reminding traders to be wary of offshore brokers in SVG FSA as they don't provide any funds protection as well as withdrawals guarantee. If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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