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ManCu
Suspected Fraud
Suspected Fraud

ManCu

🇲🇲
  • Forex
  • Brokerage
Within 1 year
Website

Current Rating

0.93

Industry Tier

E

Profile

ManCu is an online financial trading platform offering users a diverse range of tradable assets, including forex, index CFDs, stock CFDs, and commodities. However, ManCu's corporate registration information remains unclear, and it lacks effective regulation. The platform provides two main types of trading accounts: Razor and Standard. ManCu's official website is https://pc.mancu.com/#/home, where users can choose to access in English or Simplified Chinese.

ManCu Corporate Entity Information:

ManCu claims to be registered in Australia, but searches for the company name ManCu Markets Limited show no registration information for such a company. Hence, the details regarding the corporate registration of the enterprise remain unclear. The earliest appearance of ManCu Markets Limited on Google searches dates back to February 26, 2024. Moreover, records of the company's website domain registration date back to July 21, 2001, indicating a long presence on the internet. However, the lack of corresponding registration information might raise questions about the enterprise's authenticity.

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ManCu Regulatory Information:

ManCu claims to be regulated by the US Financial Crimes Enforcement Network (FinCEN) and provides the cryptocurrency license number 31000264986754 as proof. ManCu claims to be regulated by the United States, NFA, the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the UK Financial Conduct Authority (FCA), but this is not the case. ManCu is not regulated by these financial institutions. This misleading promotion could lead traders astray, thus users should remain vigilant when evaluating the regulatory information provided by ManCu to ensure their funds and trading are secure.

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Mancu英国FCA的监管

How to Open an Account with ManCu:

To open an account with ManCu, please follow these steps.

  1. Visit the ManCu website.
  2. Find and click on the “Open Real Account” button on the homepage.
  3. Complete the registration by filling in the information on the website registration page.
  4. Log in to your account using the personal account login details you received.
  5. Deposit funds into your account.
  6. Download the trading platform and start trading.
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What Trading Products Does ManCu Offer?

ManCu offers a variety of trading products, including Forex, Index CFDs, CFDs, Commodity trading, and Currency Index CFDs. Here are the specifics:

  1. Forex Trading: Users can trade a variety of major, niche, and cross currency pairs. Available spread, commission, and leverage options allow for a maximum leverage of up to 30:1.
  2. Index CFDs: Offers access to volatility in 14 major global stock markets without the need for intermediaries or a trading desk. Through index trading, users can explore a variety of trading strategies and global market opportunities.
  3. CFDs: Users can take positions in top US stocks such as Apple, Boeing, Tesla, and Alibaba. A commission of $0.02 per share is charged for executing trades, which helps in hedging investment portfolios.
  4. Commodity Trading: Participate in the commodities market, including coffee, cocoa, cotton, and precious metals like gold, silver, platinum, and palladium. Trades are commission-free, and precious metals serve as a hedge, especially during periods of market uncertainty and inflation.
  5. Currency Index CFDs: Trade the fluctuation of a currency exchange rate against a basket of other currencies, including the widely recognized USDX. Leverage options are available, with a maximum of 20:1.
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ManCu Trading Platforms:

ManCu offers three versatile trading platforms - MetaTrader 4, MetaTrader 5, and Mancu - catering to the needs of different traders. MetaTrader 5 provides faster processing speeds, hedging options, and an array of tools suitable for more demanding traders. MetaTrader 4 is popular for its real-time data and comprehensive tools, catering to a broad range of traders. The Mancu platform is designed for simplicity and efficiency, featuring customizable charts and advanced order options.

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Types of Accounts at ManCu:

ManCu offers two main types of trading accounts: Razor and Standard.

Razor Account:

  • Institutional spreads: Yes
  • Average spread for EURUSD: 0.0 - 0.3 pips
  • Commission: From 7 AUD per round trip for every 100,000 traded
  • Best suited for: Scalpers and algorithmic traders

Standard Account:

  • Institutional spreads: Yes
  • Average spread for EURUSD: 1.1 pips
  • Commission: $0
  • Best suited for: Beginner traders
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ManCu's Leverage, Spreads, and Commissions:

ManCu's leverage policy allows traders up to 30:1 leverage ratio, which can increase trading risk since high leverage may lead to greater losses. But ManCu's spreads and commissions are relatively unstable, varying across different financial instruments, with commission depending on traded currency and account type. Major currency pairs offer spreads as low as 0, but higher spreads may apply to other instruments. Additionally, ManCu provides an overnight holding swap rate, which could increase the cost of holding positions overnight. Traders need to consider these factors and conduct thorough risk management analysis before trading.

ManCu's Deposit and Withdrawal Methods:

ManCu offers various deposit and withdrawal methods, including USDT, MasterCard, POLi, bank transfer, BPay, PayPal, Neteller, Skrill, and UnionPay, providing customers with convenient options. Withdrawal requests submitted before 21:00 (GMT) will be processed the next day, and if received before 07:00 (AEST), on the same day. It's important to note that funds can only be returned to a bank account bearing the same name as the trading account, and any international telegraphic transfer fees will be borne by the customer. Normally, bank wire withdrawals take 3–5 working days, but delays may occur in some cases.

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ManCu Customer Support:

ManCu offers round-the-clock customer support via phone and email. Customers can contact the support team by phone at +1415 968 7757, or for questions, via email to support@mancu.com. Additionally, for media-related inquiries, individuals can contact the marketing department at marketing@mancu.com.

Conclusion:

In summary, ManCu's corporate registration information is unclear, and it lacks effective regulation. Therefore, potential users should exercise caution when considering ManCu as their trading platform, and they should thoroughly investigate and evaluate the information provided to ensure the safety of their funds and trading. Currently, ManCu is listed as "Suspected Fraud" on TraderKnows.

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0.93

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FAQ About ManCu

01

What is the official website of ManCu?

The official website of ManCu is https://pc.mancu.com/.

02

Is ManCu legit or scam?

ManCu is currently listed as Suspected Fraud on TraderKnows.

03

What kind of company is ManCu?

ManCu is a Forex, Brokerage company.

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