Groupmt4trading
We checked Groupmt4trading against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Groupmt4trading claims to have been providing consulting services for 10 years, accumulating up to over 25,000 customers. However, its website age is merely less than one year. This discrepancy strongly suggests that it is a scam. Furthermore, this is a significant scam indicator that a platform lacks the essential information about its regulatory status. As a legitimate one always prominently display its accreditation and licenses to ensure transparency. Groupmt4trading's website is shoddy. The links to legal documents are dead. While it has an office in India, there are no indications that it is registered with any local financial regulator. What's more, there isn't a watchdog in this country responsible for forex and crypto trading. In essence, Groupmt4trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Groupmt4trading is unequivocally a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Groupmt4trading.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.