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MT -

Scam Brokers

Score

1.51 /10

Danger

MT

Item: MT
Rating: 1.51

Australia

Scam Brokers

5-10 years

Suspicious Regulatory License

Counterfeit MT4/5 Software

Regional Brokers

Suspicious Overrun

High potential risk

Influence

Better than 10% brokers

Comparison

Website

Score

License Index0.00

Business Index6.99

Risk Management Index0.00

Software Index4.00

Regulatory Index0.00

Influence

Better than 10% brokers

Website

Comparison

Licenses

ASIC Suspicious Clone

Investment Advisory License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open for free

Broker Information

Company Name

MARKET TIMING PTY LTD

Company Abbreviation

Platform registered country and region

Australia

Company website

http://www.mtfxtrader.com/En/index.html

Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 5

Previous Detection : 2022-10-04

This broker bas been verified to be illegal and all of its licences have been expired, and it has been listed in WikiFX's Scam Brokers list; please be aware of the risk!

The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.