1.Mta5 Trade is a scam masquerading as a forex trading platform!

They lure clients into deposits and then require them to pay taxes before they can withdraw their funds... Beware!
wwmta5.com, ttmta5.org, ttmta5.com are all websites of Mta5 Trade. These websites are freshly created and operate anonymously, without company name, registration information, address, contact number, etc., and without any valid legal documents.
When you trade on such anonymous, unregulated platforms, you can always be at risk of being defrauded. As the background and operations of these platforms cannot be easily verified, if they run away with the money, the victim will lose everything.
Broker details: https://www.fxgecko.net/en_US/platform/17313.html
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2.Shenghui Group Ltd is a scam, beware!

As FxGecko has exposed many times before, Shenghui Group Ltd is an almost anonymous, unregulated trading platform. It has a rating of only 2.1 on FxGecko, has been operating for less than 1 year and is extremely risky.
As with Mta5 Trade, you are always at risk of being defrauded when you invest on such anonymous, unregulated trading platforms.
Currently, FxGecko has received 8 complaints from customers against Shenghui Group Ltd.
Shenghui Group Ltd does not allow these clients to withdraw their funds and even requires them to pay 15%, 20% or 30% tax in order to withdraw their funds.
FxGecko reminds you that any trading platform that asks you to pay taxes, deposits and other withdrawal fees is a scam.
DO NOT pay them any taxes or fees as the scammers are just trying to scam you for more money and will not really let you withdraw your money.
In addition, FxGecko data shows that Shenghui Group Ltd is associated with 15 trading platforms, including several scam brokers. FxGecko warns you to avoid these platforms to avoid being scammed. (You can view these trading platforms for free on FxGecko APP)
Broker details: https://www.fxgecko.net/en_US/platform/15971.html
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3.Things to do after you got scammed

✔ 1. Collect evidence by taking screen shots of all trades, messages and communications, money transfer addresses, their websites, etc.
✔ 2. Contact your bank or credit card provider to see if they can recall the funds.
✔ 3. Submit a complaint on FxGecko APP and share details about what happened. Remember to provide...

• A. Their company name/website.
• B. Your country/region.
• C.Your account number.
• D. The amount they owe you.
• E. The email response of their refusal of your withdrawal request.
• F. What conditions must be met in order to make a withdrawal.

Be careful to edit out your private information and do not post your contact details publicly. After submitting your complaint, FxGecko's customer service will further assist you in dealing with the issue.
Reminder: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".
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You can click here to see how a forex scam works and what to do if you are scammed.
FxGecko reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams.
You should "ask, check and confirm" before investing.
You can check the qualification information and complaints of global trading brokers at FxGecko's website to avoid any potential scams.
You can also file a complaint against any problematic broker to seek a solution, or expose a scam broker to alert others not to be scammed.
When you have any problems submitting a complaint, you can contact FxGecko's customer service on Telegram. (+852 9562 7576, +86 132 5508 1716)
Welcome to join FxGeckoAPP community, which is regularly updated with information on the Forex market and trading brokers, as well as issues of investor complaints against brokers. Keeping a regular eye here will help you improve your market acumen and avoid common investment scams.

Recently, some people have complained to FxGecko that Cactus Option LTD is unable to withdraw their funds.
It is known that Cactus has been operating for less than a month, during which time it lured people into investing by various tricks, and has now run away with the money.
More details: https://www.fxgecko.net/en_US/platform/17217.html
FxGecko data shows that Cactus Option LTD has a rating of only 1.3 and is an unregulated forex trading platform that has received 6 customer complaints, all regarding the inability to withdraw funds.
And, Cactus Option LTD's main white label relationship shows that it is associated with LILIUM MARKETS LTD, which has run away.
FxGecko warns you to stay away from such unregulated trading platforms with many customer complaints and to be wary of the companies associated with them.
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https://preview.redd.it/6fh5o1tss7j91.png?width=1542&format=png&auto=webp&s=bd2d9e11684343e4cb4c3a93a66c02a076eeeb88
https://preview.redd.it/iqjia6tss7j91.png?width=1080&format=png&auto=webp&s=4ecea37f6bdae3f0a85e46328a4de36378473f61

Things to do after you got scammed

✔ 1. Collect evidence that these scammers have refused to refund you, contact your bank or credit card provider to report your case and ask for help.
✔ 2. Submit a complaint on FxGecko APP and share details about what happened. Remember to provide the company name, your account number and upload relevant evidence (Be careful to edit out your private information and do not post your contact details publicly). After submitting your complaint, FxGecko's customer service will further assist you in dealing with the issue.
Reminder: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".
​
https://preview.redd.it/k61iac2zx7j91.png?width=1095&format=png&auto=webp&s=608e0011a2c126b76bd287062b5a6604bdbd1408
FxGecko reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams.
You should "ask, check and confirm" before investing.
You can check the qualification information and complaints of global trading brokers at FxGecko's website to avoid any potential scams.
You can also file a complaint against any problematic broker to seek a solution, or expose a scam broker to alert others not to be scammed.
Welcome to join FxGeckoAPP community, which is regularly updated with information on the Forex market and trading brokers, as well as issues of investor complaints against brokers. Keeping a regular eye here will help you improve your market acumen and avoid common investment scams.

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