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This article contains the following information:

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• What is known about MT Trade;
• Undeniable evidence that MT Trade is a scam;
• Less significant indications that MT Trade is a scam.

What else is a must-have on a normal broker's site? Research tools! A brokerage platform must give investors access to research tools and resources. These may include financial news, analyst articles, company financials, technical analysis tools and more. These tools enable traders to make reasoned investment decisions, rather than doing nothing at all. And how is it possible to make normal investment decisions when all MT Trade's platform has is a calendar? White brokers make sure that their clients have everything they need to make good decisions, because this directly affects the overall perspective of cooperation between them.

A good trading platform should have a user-friendly interface. A well-designed, intuitive user interface is a must for a trader's platform. This allows clients to seamlessly navigate the platform, manage their accounts and conduct transactions without hassle. There is nothing like this on the MT Trade platform. We have seen many platforms and this is something familiar to us, but it is difficult to navigate on this platform in spite of the large expiry time.
A good brokerage platform should have different investment options. A good investment platform should offer a sufficient range of investment solutions, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This enables clients to protect personal portfolios against risk and have access to different currency classes. There are a lot of assets on the MT Trade platform, but the catch is that MT Trade is a scam and dealing in these assets is not real, it is all virtual, like in a game. Buying gold through the MT Trade floor you are not actually purchasing anything because MT Trade is not regulated and therefore not allowed to interact with the international exchanges, so in essence you are not purchasing anything through the brokerage company on the international market. In general, the MT Trade platform not only has a terrible usability, but the platform is also quite ugly from an aesthetic point of view.

Entrusting your personal investment to MT Trade is a decision you will definitely be worried about, as I am at the moment. I have faced the bitter reality that this is the worst thing that could have happened to me as an investor, and I hope that my experience will serve others who, are considering entrusting their money to this disgusting brokerage company."

Worst of all, this on an emotional level affected me greatly. Not only have I lost a significant amount due to MT Trade's worthlessness, but the whole ordeal has planted in me a sense of betrayal and a strong distrust of the investment industry. I can't get away from unpleasant thoughts of the dozens of hours spent dealing with difficulties and compensating financial losses triggered by the ineptitude of this company.

Initially it was clear that the degree of professionalism and competence at MT Trade was clearly close to zero. Their platform was always problematic, with constant technical failures and a user interface that can only be described as confusing and confusing. This alone made the execution of transactions nerve-racking, but the trouble did not end there.

The facts mentioned before are enough to make a correct conclusion about the true nature of MT Trade. We have taken the decision to look into everything ourselves to be 100% sure.
We registered, MT Trade manager called us back and immediately started convincing us to make a very large amount of money. We deposited the account for the minimum amount of $25 and decided to try the tips provided by the broker. What happened after that? We lost almost the entire amount in a couple or three transactions and tried to get the money back, but they never gave us the money back. Once again the manager of MT Trade contacted us and tried to dissuade me from withdrawing the money and on the contrary to put it into the account once again and make trades and according to him if I had done that, I would have been given the money back. I don't know why they couldn't pay me back immediately without me having to give them my own money. Obviously if I had, the managers would not have returned the money, not a cent.

Of course it's about the lack of regulation. The regulator has a number of functions, especially the inspection of brokerage offices, inspection of professionals, checking the financial component, investors and monitoring the liquidity of the broker. But the most important function of the regulator is to prevent financial manipulation. Money manipulation can be of many kinds, such as writing off a trader's money without his authorisation, or misusing client money in transactions he has not consented to. Shortly before the 2008-2009 crisis the biggest US banks were doing this on a massive scale. The client can, for example, recover the money through the regulator. The regulator has its own criteria which are used to check the competence of financial analysts, including trading firms. In turn, this ensures that qualified specialists are working with you. MT Trade does not have any license, not even a license from some fake government agency.

When it came to the main aspect of customer support, I got very angry. Their staff were either unresponsive or unable to address my concerns with any semblance of competence. I thought I was talking to a chatbot and my requests for help went ignored. When I promptly needed help during a critical market move, I was in a difficult position, which eventually resulted in me losing a significant amount of money.



What happens in a situation when you or anybody else spits on all the facts mentioned in this article and wants to try to cooperate with MT Trade? Let's imagine it. Let's take a review on MT Trade from the Trustpilot website:
"I am writing this review to share my unpleasant experience with MT Trade and to warn potential victims before they even think about entrusting their personal and hard-earned cash to this office. In my years of trading experience I have never dealt with a worse brokerage firm, and this has given me a nasty taste in my mouth and a significant decrease in trust in the industry in general.

In brief, almost nothing. The company appeared in 2022. Where exactly it is registered is unknown. No credible information has emerged in just over six months of the brokerage's operation. There is purely black information on the firm, but first things first. The team tried to scour the net for information on the location of the firm's headquarters but ultimately found nothing. Every serious company wants to be as open and transparent as possible, to inform their investors, so that investors could understand who they are going to transfer their money to; however, it is obvious that those who own MT Trade do not think so.

This snippet of material contains the following information:

• What a good brokerage organisation should look like;
• What about the MT Trade platform;
• Comparison of a good brokerage platform with what MT Trade has;

As I told above, MT Trade and its managers are not exempt from aggressive selling, insults, showing immense incompetence, using marketing tricks like promises of huge earnings and inflated reviews. They do not have any documents on the MT Trade website, not even an agreement of public offer, while any broker must have legal documents confirming the existence of a license, registration papers and, optionally, some awards. In the search engine results the situation is almost the same as with the reviews, they are all boilerplate. The fact that MT Trade does not withdraw investments is a standard indicator of fraud. MT Trade managers also like to give signals that don't work, on which not only you can't make a profit, but on the contrary, all the money evaporates. Criminals often send these signals in order to make a profit and get more commissions and fees, although this is more about consultants at real brokerage houses, who are scamming in this way. But too frequent technical failures at MT Trade are also a standard sign of a scam.

As we can see the investor has not only lost money and mental health but also not gained any good trading experience, only disappointment in trading. If you look at other reviews they contain approximately the same content. In most cases they say that MT Trade does not withdraw money. Traders also say that MT Trade employees are globally clueless. While reading the opinions on MT Trade we have repeatedly come across the information that MT Trade managers use outright tricks and allow themselves to be insulted when talking to clients. The reviews of an adequate brokerage company should indicate otherwise, or at least it cannot be so horrible. Basically the reviews on MT Trade also clearly show that MT Trade is an outright scam.

Moreover, a very important feature of a good trading platform is a good security features. The security of personal information and traders' funds is of utmost importance. A good brokerage site should have good security features, such as two-factor verification, encryption and Secure Sockets Layer (SSL). All of these and other things are designed to reliably protect traders from scams, account theft or hacking into the brokerage platform with mass information leakage. None of these things are present on the MT Trade platform.

A quality brokerage platform should be available in both mobile and desktop versions. In today's fast-paced world, investors should be able to access their brokerage platform on the go. This would, for example, allow them to follow lightning-fast developments and promptly sell or buy an asset if there is good reason to do so. A proper platform should have a flexible mobile app as well as a fully fledged desktop version in order to meet all the aspirations and needs of investors.

What do the reviews on MT Trade say? Mostly about deception and shrieking unqualification of MT Trade managers. The ratio of favourable to unfavourable reviews is definitely in favour of the critical ones. The good reviews on MT Trade are not so simple either. The problem is that all the reviews are somewhat too formulaic and have been posted not too long ago and essentially at the same time. All this suggests that these favourable opinions are fake. Read one of these reviews:
"MT Trade is a great company! The firm has a brokerage license. I get 150-200% of my total capital a month and I spend ten minutes a day on it all. I recommend MT Trade to everyone!"
A really cool firm! One that can make a simple man a billionaire in a few years, because he can earn one hundred and fifty to two hundred percent every four weeks. We're sure it's already obvious in this situation that this is a fake review.
We took another review on MT Trade taken from Reddit:
"This is the most profitable broker in the world. I don't understand why MT Trade is not yet #1 in the Eurozone and America! The service is of the highest level and the analysts at MT Trade are the most qualified. I've been working with them for three years now and everything is cool."
And we are also wondering why this broker is not number one... among crooks until now.
Note that those people who are correcting the reviews don't even know themselves MT Trade has been around for roughly half a year, but certainly not for several years, which is how this trader interacts with MT Trade. No facts which confirm that MT Trade managers are "pretty smart" are given.

Now let's move on to a comparison of what MT Trade has and a normal average firm. How should a normal brokerage platform work? A good trading platform is the main tool for traders to access the financial markets and make smart investment decisions. A normal platform must have both cent and trial trading in addition to the regular one.

You saw it yourself. MT Trade is different even among scammers. The firm is so awful that there is no place to put a stigma on it. The reviews on MT Trade that don't appear to be rigged are filled with negativity. Victims usually scream about not being compensated, reps are insulted, the platform is uncomfortable, almost always lags, and there are only bad memories from interacting with the office. If you do not want to face the same thing as other traders, in any case, do not even leave your contact information on the MT Trade website or, if you have already left it, block the phone numbers of the employees and do not pay attention to them. If you do talk to them, there is a risk that scammers with their skills and experience of trickery will be able to fool you and take your hard-earned money. Because they don't just offer investment solutions, they try to gain the trust of their victims by befriending them and enticing them with the promise of higher earnings.