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Download

Manipulative Spread charges & control on the MT5 platform

FX3000509590

Within 1 year

United Arab Emirates

Exposure

This company under the pretext of running the legitimate trading platform are running a financial fraud scheme by enticing the people to put in more money and take risks with your investments. They are running their "behind the scenes" agenda by opening certain trades which have a huge high spreads and they will invest 70 to 80% of your capital instead of keeping margin to support the open positions. They will push you to the corner and insist of putting in more money to support your open positions. Scammers! Unfortunately realized it very late and lost a huge amount of money. They won't reply to your whatsapp messages and always talk nicely to you, showing their are trying to solve your positions and get into a healthy state. This never happened and they don't want to make it happen. Stay away and authorities in UAE should take a note of this fraudsters and take necessary actions. Need more people to come forward who have been scammed by utrademarkets and let us put a stop to these scammers!The company website is https://www.utrademarkets.com/
United Arab Emirates 2024-04-08
Scam

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