Why is this scam
MT4Invest is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile and Sirix trading platforms. Regarding orders execution model, MT4Invest is a hybrid broker – both a-book and b-book broker (market maker). MT4Invest offers trading of currencies, indices, shares, CFDs and commodities. But MT4Invest is unregulated. Even more!
FPA member Tradermoon reported being blackmailed into removing threads from the FPA’s forums. He said MT4Invest demanded removal as a condition to pay money owed, and then the company failed to pay even after the threads were hidden from public view. Don’t you just love companies that blackmail clients and still don’t pay even when they get what they want?
Let’s see the other signs.
According to traders reports, their attempts to withdraw parts or all of their balance have failed. They will keep calling you and giving you reasons why you can’t get your money. It’s a different reason every single time. They could even open new trades for traders and kill trader’s account if you are not able to do some trades that could stabilize the account and made some profits. But for many traders it was impossible to make any withdrawals for almost one year now that they have been trading on their platform.
The other very suspicious thing is that brokers offering ‘excessive leverage’ greater than 10:1. They have to explicitly warn investors that it believes that such products are not appropriate for retail investors due to their complexity and the risks involved, but they never do it.
The Comisión Nacional del Mercado de Valores (CNMV), the financial regulatory body of Spain, warned investors against being offered products and services from MT4 Invest, unregistered company that is illegally conducting financial services targeting this country’s residents. The financial watchdog updated its warning list by blacklisting.
The signs of confirmation
MT4Invest, have had numerous customer complaints made against them. Beside this fact, it is not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, which includes investment advice, or provide the auxiliary services.
MT4Invest which is currently operating through the website http://www.mt4invest.com.
This platform has been previously listed as trading scam or unregulated entity by other European financial regulators.
They use aggressive marketing techniques.
Recommendation – Basically, mt4invest.com is a scam. It is better to avoid them. They are listed them as a scam.