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MT4Quotes Review: Mt4quotes.com Scary Forex Scam

MT4Quotes Review: Mt4quotes.com Scary Forex Scam

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MT4Quotes (Mt4quotes.com) is a Forex broker scam to hit the lucrative trading world. MT4 Quotes is claiming to offer users a trading platform that has no requotes and no slippage. MT4QUOTES is purporting to be a reputable liquidity provider with segregated funding. Don’t forget, they are offering IB commissions of up to $5 per lot. With all these claims, we had to investigate them. Read this detailed review of MT4Quotes.

MT4Quotes Review

MT4Quotes Review:

MT4Quotes is another fraudulent Forex trading platform that is just waiting to pounce. They claim to deal with Forex, metals, Indexes, Energies, Stocks, ETFs, and Crypto Currency. What these scammers have done is simply cast a wide net in hopes of catching unsuspecting investors. Don’t worry, we won’t let that happen, here, we will expose all the dirty tricks used to trap victims. Stay tuned and get to know more regarding MT4 Quotes.

Empty claims and promises are what these scammers have tried to sell to users. Scammers know for a fact that we all want to make a quick buck or two. These scammers want to create an impression that they can help users make money. In fact, this is far from the truth, they simply want users to deposit money with them. Once this is done, they will shut down their whole operation and cease to exist.

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Who Owns MT4Quotes?

MT4Quotes is owned by MT4Quotes International Limited. This is according to the information given on the disclaimer at the footer of the homepage. Disclaimer also suggests that this company is registered in St. Vincent and the Grenadines. With this vital information, it’s clear that we are dealing with an offshore brokerage firm. Offshore brokers are notorious for flaunting set regulations and rules.

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Have you noticed that there’s no single mention of any real person behind this platform? Who is the CEO or CFO of MT4Quotes International Limited? It seems that these owners don’t want to be mentioned anywhere on the platform. This is a clear sign that we are dealing with anonymous owners. Anonymity is a dangerous character to associate with in any type of online investment. How do they expect us to deposit money to an unknown entity?

Is MT4Quotes Licensed or Regulated?

MT4Quotes Scam

MT4Quotes is not licensed or regulated anywhere on the face of the planet. If they had been registered, they would have posted their registration credentials. Disclaimer at the footer of the homepage has a license number ID 23598 IBC 2016. And this is what these scammers have done by posting fake credentials.

Anyone who signs up with this broker is an accomplice to online bank fraud. Attempts to sign up with this broker should cease immediately. Why haven’t they posted certificates and documents to prove their validity? A real broker will post these crucial documents in an act of good faith and show of transparency.

Platform Used.

This broker claims to use the well know MT4 trading platform on their platform page. In order to test their platform, we decided to download it first and see how it worked. To our dismay, this platform only started download and stalled at 47%. This means that their platform is highly unstable, which is even more bad news.

Hackers find it an easy breeding ground to steal credit card information as well as personal data. That’s why we strongly urge users to stay away from this broker as they will lead you to more misery.

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Account Types.

According to the accounts page, this broker offers two types of trading accounts. Mini ECN and Mini ECN Premium accounts are what users can chose to trade with. These accounts come with an average of $30 and $60 bonus for anyone who signs up. What we found odd with these accounts is that they have similar characteristics. Leverage is the same which is 1:1 to 1:500 and claims of having a negative balance protection.

Claims of having a negative balance protection are all lies considering how many users have lost with MT4 Quotes. Make sure never to trust anything these brokers tell you when it comes to their trading accounts. These trading accounts are merely a way for them to get your money once you make deposit. Stay away from MT4Quotes now and remain safe from this unscrupulous broker.

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Are Funds Safe with MT4Quotes?

MT4Quotes Fake ReviewThis broker fails to offer information regarding their banking partner. Where do they bank money deposited by users? Did you know that members could be depositing money straight to owner’s personal bank account?

There’s more than meets the eye when it comes to funds being safe with MT4 Quotes. This broker does not segregate accounts as they claim to do. It means that they are pooling funds in one account which is pretty risky. Lastly, this broker does not participate in a compensatory scheme.

Unresponsive Chat Support Team.

According to what we discovered with our investigation, their chat support team is a hoax. To begin with, they ask you for your email and phone number. It’s believed that this broker is in league with hackers to steal personal data. Why would they want your personal phone number for a live chat session? It’s clear that we are dealing with a professional Forex scam syndicate. Best thing is to stay clear.

After going ahead and giving them our office number, we waited for the agent to talk back. Up until publishing this review, no response has been forthcoming from this broker. It means that MT4 Quotes is trying as its best to remain anonymous. These brokers don’t want to face any backlash from authorities or victims. That’s why we strongly believe that this broker is a fraud and should be exposed.

Is MT4Quotes a Scam?

Evidence produced clearly reveals that we are dealing with a scam Forex broker service provider. 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 MT4Quotes and stay safe at all times. That’s one way of staying away from this scam broker.

MT4Quotes Final Verdict.

MT4Quotes Scam Review

Option left for us to do is to add MT4Quotes to our scam blacklist. Newbie traders will be safe from falling into the pits dug by MT4 Quotes. That’s the only way to make sure that this scam stays out of the online trading platform. They are simply tarnishing the good Forex trading name.

Get Efficient, Reliable and Safe brokers to help you trade with ease. Go for Forex brokers who have the expertise to make your money grow in a realistic manner. This is a Proven and Sure way of making money with Forex trading.

Lastly, we wish you all the best in your Forex trading experience.

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