Mondial Investments LTD Review – Stay Away From This Fraudster
Mondial Investments LTD is an unlicensed broker that has been identified as a scam. The UK’s Financial Conduct Authority (FCA) has issued an official warning against the firm for providing unauthorized trading services in the country. It is suggested to steer clear of bogus firms to protect yourself against potential scammy activities.
Besides, Mondial Investments LTD offers overly high leverage and raises skepticism with its bogus payment methods. For further details on why this business should not be relied on, refer to our broad Mondial Investments LTD review.
|Mondial Investments LTD
|110 Bishopsgate, London EC2N 4AY
|50%, 70%, and 100%
Mondial Investments LTD Regulation and Funds Security
First of all, where is this broker based? Mondial Investments LTD, a firm apparently from London, UK, is giving us inaccurate data due to the lack of regulation. Forex brokers operating in the UK must acquire a valid license from the FCA.
Upon checking the FCA’s records, it is obvious that Mondial Investments LTD is not authorized. This firmly implies that the broker’s address is false and that it aims to deceive people and steal their money.
Investing in deceitful firms carries a significant risk of being scammed, as clients have no security in the event of financial loss. Contrarily, legit brokers are subject to strict guidelines and monitoring by the UK financial regulator, offering better safety for their clients.
Trading Platform Overview
This fake broker says it has amazing trading software, and we signed up easily by giving our info. However, we could only use the trading platform after we finished the sign-up process, which is strange.
Legit brokers usually let you check out the software before signing up. But with Mondial Investments LTD, we couldn’t test it at all, which is a big problem. So, this is one more clear sign to avoid this broker scam.
MT4 (MetaTrader 4) and MT5 (MetaTrader 5) are both popular trading platforms we see in this industry. They are developed by MetaQuotes Software. Also, traders use them for forex, stocks, commodities, and other financial instruments.
MT4 is the older of the two platforms and has been here since 2005. It is still very popular, with many people preferring it to MT5. They prefer it due to its simplicity. MT4 has a UI-friendly interface and offers a spectrum of tools and features. Those are technical analysis tools, automated trading using Expert Advisors (EAs), and more. It also offers many customizable indicators and charts for market analysis.
MT5 was released in 2010 as an improved version of MT4. It offers many of the same traits as MT4, but it also has some extra features, including more timeframes and order types, a number of technical indicators, and more. MT5 also allows traders to use the hedging method, which MT4 does not support.
Both MT4 and MT5 are available for desktop, web, and mobile. Finally, the choice between the two depends on your preferences and needs.
Account Types Offered
How about the available trading accounts? The broker provides several types of accounts with the following minimum deposits:
- Beginner: £5,000
- Silver: £25,000
- Gold: £75,000
- Premium: £150,000
- VIP: £250,000
Yet, please be aware that this broker is fraudulent. So, signing up for any of these account types will not yield any benefits.
Bonuses and Promotions Offered
This company claims to offer 50%, 70%, and 100% bonuses. However, please be cautious because Mondial Investments LTD is a fake broker. The bonuses they offer are just a part of their plan to mislead traders.
Be sure to always research and double-check any bonus offers before investing with any broker, particularly an unregulated one. Always prioritize your safety and be careful when considering any firms to trade with. This is a must!
Deposits and Withdrawals
The payment process of Mondial Investments LTD is alarming. Although they claim to accept card deposits, you can’t make a direct deposit. Instead, you must request payment and wait for the broker’s so-called department to reach you.
Many people reported they received an email from an account manager asking for a phone call. Given the fishy payment process, it’s best to avoid Mondial Investments LTD and be careful of any calls from this broker.
Methods Used to Commit the Scam
It’s essential that you are careful when giving your personal info to suspicious brokers. Scammers may use your number to try and contact you and pressure you into making investments. They may make false promises of risk-free trades and crazy returns, but these are just lies.
Truthfully, the software could be manipulated to display fake profits. Or else, hidden fees could arise when trying to withdraw your funds. As a result, you may discover that accessing your hard-earned money is impossible.
Observing and only investing in reliable and regulated forex brokers is critical to avoid being scammed. Always research and verify the broker’s credentials before handing over your personal information or investing your money. Remember, if something seems too good to be true, it probably is.
Mondial Investments LTD Summary
Mondial Investments LTD is an illegal and fake broker in the UK. They’re not authorized by the FCA and are not regulated to provide services in the country.
This broker offers high-risk leverage and has a sketchy payment process. It’s important to stay cautious and avoid investing in this company because it’s not legit.
We hope this Mondial Investments LTD review has been useful to you. Always do your research and only invest in reliable brokers to protect your finances.
Is Mondial Investments LTD a Trustworthy Broker?
No, Mondial Investments LTD is not a trustworthy broker. It's an unregulated and fake forex broker that operates illegally in the UK.
Is My Money Safe at Mondial Investments LTD?
No, your money is not safe at Mondial Investments LTD. Reports have noted that they withhold funds, use fake software, and charge hidden fees.
What Are the Funding Methods for Mondial Investments LTD?