Mysteel UK LTD Review: Will Show You the Real Truth About This Unregulated Broker

The best scammers know the market extremely well and try their best to emulate what legitimate brokers do, including how their website looks, what info they present, and much more. Mysteel UK LTD is the opposite of that.

From the first look, you can see they are scammers. They do not mention anything about their regulation, the minimum deposits are outrageously high, and we still do not know anything about their platform. Let’s go into our Mysteel UK LTD review and show you all the lessons you can learn from these scammers.

Regulation Info

First and foremost, we need to analyze the Mysteel UK LTD regulation. The shady broker has its headquarters in London, which makes our job much easier. UK brokers either have an FCA license or they do not, and there is not much else to it.

However, not only did we not find Mysteel UK LTD in the FCA register, but the regulator even issued a public warning against the shady broker! 

The fact that a regulator as revered as the FCA put Mysteel UK LTD on its blacklist is a big deal. They do not go and choose brokers for those lists randomly, so we always listen to what the FCA has to say. That is why we are strongly advising you against investing with Mysteel UK LTD.

Mysteel UK LTD Profile

Found on mysteelukltd.com, this broker’s trading environment leaves a lot to be desired. First, we have the Mysteel UK LTD platforms, or do we? The broker has a platform section on their website, but you cannot find anything useful there. You only see an economic calendar and nothing else. The rest of the site does not give any clue about the platform traders can use, which is a major red flag.

Next, we have the Mysteel UK LTD account types, and the situation is not good there either. Traders have five options to choose from:

• Beginner – GBP 5000
• Silver – GBP 25000
• Gold – GBP 75000
• Premium – GBP 150000
• VIP – GBP 250000

As you can see, the minimum deposit is extremely high, which is typical for scammers. They want to get as much money from you as possible in one swoop and then disappear. The maximum leverage is not too high (1:100), and traders can participate in Mysteel UK forex and Mysteel UK crypto trading, among other things and instruments.

The broker also offers a Mysteel UK bonus, the size of which rises as you go to more premium accounts and reaches a maximum of 100% with the VIP account.

Is This Broker Safe?

No, Mysteel UK LTD is not safe. On the contrary. Firstly, it does not have a license, and a Tier-1 regulator issued a statement warning the general public of this scammer. 

Additionally, this broker is anonymous, and you should never trust those brokers, as you cannot contact them when they steal your money. Also, Mysteel UK LTD guarantees gains, which no one can do! When you see such a thing, you can know 100% of the time the broker is a scammer.

But it is not all bad. Yes, there are many brokers like Mysteel UK LTD, including Deluxe Royals and Finotive Funding, but there are also reliable ones you can trust your money with. Contact us today to learn who they are and how to reach out to them.

Trader Reviews – Sharing Experiences

You can find Mysteel UK LTD on Trustpilot with a 2.2 rating and 11 total reviews. The thing we noticed as soon as we got to Trustpilot was a warning from them saying they had to delete fake user reviews and that they were aware there had been regulatory action regarding the broker.

When we saw the warning, we knew the user comments themselves could not be good, and we were right. A whopping 91% of them were 1-star reviews, most of them having the line “the broker is a fraud” in some shape or form.

One unsatisfied client said: 

“This company is a complete fraud. I did a token withdrawal and that money did not come to me from the company account. That money was sent from a personal account. This raised my suspicion, a financial advisory company can never do such a thing. I decided to withdraw the money completely and then they would just not make it happen. Please stay away from this company. I am filing a complaint about this company with the financial regulatory authorities.”

How Does the Mysteel UK LTD Platform Reach Clients, and Who Are They?

From what we gathered, the scammer primarily targets traders in the UK, Belgium, and the Netherlands. We do not know exactly how they contact people, however. We assume they do not contact people directly since we could not find them on popular social media platforms. 

But beware if they send you an email, and do not engage with any ads you might see from them, as that cannot end well for you.

Deposits and Withdrawal Methods

If you were looking for a comprehensive dive into the Mysteel UK LTD deposit and withdrawal methods, we have to disappoint you. We could not find anything about the payment methods this scammer accepts nor about any potential fees. 

There is no Mysteel UK LTD withdrawal policy where that info can be found, and the Mysteel UK LTD login page was of no help either.

Reasons To Avoid This Company

There are so many reasons you should not do business with Mysteel UK LTD that we could be here all day, but we will name just the most important ones. Much like with FxEx, the biggest reason is their license or lack thereof. The issue is even more compounded by the official FCA warning the broker has on its resume.

You also do not know much about Mysteel UK LTD because they are completely anonymous which makes them extremely distrustful. Finally, they use all the tricks scammers use to lure their victims, such as lucrative bonus plans and guaranteed gains.

Long Story Short – Mysteel UK LTD

At the end of our Mysteel UK LTD review, we hope you learned why it is a bad idea to do business with this scammer. They are anonymous and operate without a license, which is a recipe for disaster.

However, you do not need to lose hope of making it in Forex. We know all about legitimate brokers with a rock-solid regulatory background and a fantastic offer, so contact us today, and let’s get you started!

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