Beware of MC Trading: Deposits Allowed, but Withdrawals Blocked?

Heads up,How to choose a foreign exchange trading platform traders! A recent complaint against MC Trading has raised serious concerns. An investor reported that while deposits were easy, withdrawals were completely blocked, raising suspicions that MC Trading may be a scam broker. 

Despite contacting the platform, no response has been received.

MC Trading claims to be regulated by the Commonwealth of Dominica under license number 2023/C0125, but we couldn’t find any evidence of this license. Dominica is an offshore regulator, known for weak oversight, meaning clients face higher risks of losing funds without proper protection.

According to FTI data, MC Trading was founded in 2023, has a low rating, no solid regulatory backing, and is considered high-risk. Always check a broker’s regulatory status and avoid platforms with questionable or offshore licenses.

Stay away from low rated, unregulated forex brokers!

Before trading, check brokers in FTI app; if you encounter any problems, you can file a complaint for help.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Click here to recognize common investment trading scams to avoid being scammed.

In the FTI app, you can refer to the top 100 forex brokers for your trading needs. If a broker is not in the top 100, pay close attention to their regulatory licenses, white label relationships, and risk warnings.

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