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M Broker Review: Mbroker.trade Awry Forex Scam

M Broker Review: Mbroker.trade Awry Forex Scam

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M Broker (Mbroker.trade) is a CFDs and Forex scam broker to hit the lucrative Forex world. MBroker is claiming to have genius traders who will aid newbie traders to trade successfully. Is M BROKER a real Forex broker who will actually realize your trading dreams? Sadly, this is another Forex scam as we have damning evidence to prove it. Read this M Broker review and know all the tricks used.

M Broker Review

M Broker Review:

Once you open this platform, the website is originally made for Spanish speaking countries. That’s why most people who have been scammed come from South America. That’s not all; these scammers have used the same tricks to entice newbies into signing up. Homepage is the place where we will begin our investigation. This broker claims to deal in indices, raw materials, bonds, and digital currencies.

Note that scammers will say or do anything to get your attention. And that’s why M Broker is claiming to have all the trading commodities at hand. They have created a homepage with a rotating Bitcoin sign to try and prove authenticity. That’s what scammers are after, to try and grab your attention. Make sure to read this entire review and find out the bags of tricks used by these scammers.

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Who Owns M Broker?

According to the disclaimer at the footer of the homepage, M Broker is owned by M Broker Management Limited. Disclaimer states that this company is registered in Dubai and has offices in more than 13 countries. These are fictional claims meant to entice the reader into believing that MBroker is a global brand. This broker is not recognized by the Forex trading community and most experts have never heard about it.

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A disturbing feature in regards to ownership is the fact that they fail to give real names of owners. Who is the CEO or CFO of M Broker Management Limited? Fact that they fail to disclose this vital information is proof we are dealing with a scam. Professional scam artists try as much as possible to remain anonymous. They don’t want to face any backlash from victims or the authorities.

Is M Broker Licensed or Registered?

M Broker Scam

This broker is conducting Forex business without proper authorization. And this is a major problem as anyone who signs up with MBROKER will not be protected by authorities. M Broker is not authorized to conduct any Forex business on behalf of third parties. Their practice is illegal and anyone who signs up is an accomplice.

A real broker usually posts their licensing and registration numbers for all to see. Why haven’t they posted their registration credentials and documents? It’s clear that we are dealing with a broker with no licensing credentials. Don’t sign up with such n entity as you will be dealing with a rogue broker.

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Platform used.

According to their homepage, this broker uses MT4 trading platform. Homepage claims that their platform allows their genius traders to monitor trades. How the genius traders help members who sign up is beyond our comprehension.

Problem with their platform is that download stalled at 15% which spells doom for users. This means that we are dealing with an unstable platform. Hackers find unstable platforms as easy breeding ground for credit card and personal data theft. Signing up with this platform is against everything that we stand for. Make sure to stay away from this broker.

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Fake Testimonials.

These scammers have produced testimonials that will make newbies easily believe them. Alexandre P is a user who claims he just wanted to visit the world. An adviser with M Broker made her realize this dream by depositing money to this broker.

Jonathan A is also a successful trader who claims to have bought his dream car thanks to smart investment. And who helped him make this smart investment? An adviser’s name kept hidden and not revealed. Problem with these testimonials is that we can’t put a face to their name. Nobody knows these people which would have made verification easy.

Are Funds Safe with M Broker?

M Broker Fake Review

Funds are never safe with a broker who is not licensed or regulated. This broker has refused to mention their bank partner. Where do they bank money deposited by members? It’s also possible that users are depositing money straight to owner’s personal bank account. Funds are far from being secure with this broker who has no license or registration number.

This broker does not segregate accounts; it means they are pooling funds in one account. In case of bankruptcy or insolvency, funds will be lost. That brings us to our next red flag; this broker does not participate in a compensatory scheme. Any member who loses money with this broker will not be compensated even if the loss is not their fault. Best thing is to stay clear of this platform.

Accounts Used.

This broker offers three different account types to choose from. These accounts include Copper account, Silver account, and Golden account. Copper account is designed for traders who can work with the most popular trading pairs. Silver account is for traders for more experienced traders. This account is for traders who have knowledge for the broader marker. Golden account is for traders who want to enjoy the best services.

Problem with these accounts is that they lack proper details. It means that these accounts are just bogus accounts. These scammers simply want users to sign up and deposit money using and choose any account. That’s not the case. M Broker is using these accounts to entice newbie traders to sign up with them.

Is M Broker a Scam?

M Broker is definitely a scam with no regards to set industry rules and regulations. Make sure to mark all their emails as Spam and never click on any links sent by them. Warn your friends and relatives from signing up with MBroker as this is a fictitious broker.

M Broker Final Verdict.

M Broker Scam Review

Option left is to add MBROKER to our broker scam blacklist. Once authorities investigate this broker, they will soon shut down their whole operation. Make sure you don’t become another victim of M Broker and stay away from it.

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Finally, we wish you all the best in your future trading experience. Always stay safe!

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