mqfxoptionmarket is a platform offering trading in forex, cryptocurrencies, and binary options. However, upon investigation, this platform does not exist as a real company entity.
Company Entity and Background
According to its official website, it is a subsidiary of mqfxoptionmarket Plc, a parent company claimed to have a history of over a century and listed as one of the largest enterprises worldwide.
The platform also claims it was established in 2012, aiming to help more investors enter the market, and states it began sponsoring innovative projects and expanded to multiple private equity funds since 2013.
In 2014, the platform adjusted its fund management model, launching a private closed-end fund to enhance the professionalism and privacy of fund management.
In 2015, the platform underwent infrastructure reforms, optimizing liquidity, clearing engines, and institutional frameworks to better serve the retail market.
Moreover, the platform claims to have expanded its business using social media in recent years, attracting more international investors.
However, detailed information about "mqfxoptionmarket Plc" cannot be found through public channels, nor does the platform have official accounts on mainstream social media platforms, which significantly diverges from its website description.
Website Information
The company's official website's domain is mqfxoptionmarket.com. According to a Whois search, the domain was registered on June 19, 2023. The site also shows low traffic, with monthly visits of less than 100 according to Semrush, indicating that the platform has very few actual users.
Additionally, the web design template used by this platform is similar to those used by several platforms previously revealed as scams, such as Primeindexmarkets, Cryptodigitalxchange, and fpcrytotrade. These sites all use the same template for mass production.
Trading Instruments
mqfxoptionmarket claims to provide trading services in forex, cryptocurrencies, and binary options. The core business of the platform includes fund management and investment project operations, claiming a focus on capital security and high returns. Its website states that its business spans several countries and that it has joined the Investor Compensation Fund (ICF) in the U.S. and is contracted in Europe.
Regulatory Information
On its website, mqfxoptionmarket claims to have received U.S. government certification, completed registration, and regulation in the U.S., and claims to be authorized by the UK's Financial Conduct Authority (FCA). However, upon verification, the platform does not appear on the regulatory lists of the Financial Conduct Authority (FCA) or the U.S. Securities and Exchange Commission (SEC), with no valid regulatory records found.
Investment Plans
mqfxoptionmarket offers five investment plans: Starter Plan, Master Plus Plan, Premium Plan, Ultimate Plan, and Corporate Plan. Details of each plan, including minimum investment amounts and expected return rates (ROI), are as follows:
- Starter Plan ($500+)
- Expected Rate of Return: 20%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
- Master Plus Plan ($1,000+)
- Expected Rate of Return: 40%-50%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
- Premium Plan ($5,000+)
- Expected Rate of Return: 50%-60%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
- Ultimate Plan ($10,000+)
- Expected Rate of Return: 60%-70%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
- Corporate Plan ($100,000+)
- Expected Rate of Return: 70%-80%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
The promised high returns of these investment plans exceed typical financial market levels and no detailed explanation of fund operations is provided, posing significant risk.
Analysis of Fund Operation Model
mqfxoptionmarket's investment plans exhibit the following typical characteristics:
- Promising High Fixed Returns: Normal investment returns are usually affected by market fluctuations, yet this platform promises high fixed returns well above market averages, raising doubts.
- Non-transparent Funding Source: The platform does not disclose specific investment strategies or explain how such high returns are generated, leading to unclear fund flows.
- Offers Money Back Guarantee: Regular financial investments in the market usually do not offer unconditional money-back guarantees, while this platform claims to provide a "MoneyBack Guarantee," which could mislead investors.
- Lack of Regulatory Registration: The platform fails to provide any authorization information from authoritative financial regulatory bodies.
- Encourages High Investment Amounts: The tiered design of investment plans clearly encourages users to invest larger amounts for higher returns, a common trait of Ponzi schemes.
- Neglecting Market Risks: Legitimate investment institutions provide risk warnings, but this platform only advertises high profits without mentioning any investment risks.
Deposit and Withdrawal
mqfxoptionmarket supports deposits via bank transfer, PayPal, Neteller, Skrill, MoneyGram, MasterCard, Bitcoin, Western Union, and Perfectmoney.
- Withdrawal Process:
- Users must submit a withdrawal request through their account or contact their account manager
- Relevant documents must be provided for review
- Withdrawals are processed by the finance department and transferred
- Payment Time:
- Payments are made monthly, with accrued funds transferred by the end of each month
- Minimum withdrawal amount: $70
Company Address and Employee Information
The official website lists the company address as "1000 Main St 12th floor, Houston, TX 77002, USA," but its authenticity is questionable upon investigation. Additionally, the platform provides no information on company management or employees, and no such information can be found online.
User Reviews and Brand Exposure
There are virtually no user reviews of mqfxoptionmarket online. Moreover, the platform has been flagged as a high-risk scam by organizations like ScamAdviser and ScamMinder, with no positive reports found.
Contact and Social Media
The official website only provides the following contact details:
- Phone: +44 7852 961891
- Email: [email protected]
Risk Report
According to the above investigation results, mqfxoptionmarket poses several risks including, but not limited to:
- No Real Company Entity: The actual registered company of this platform cannot be found.
- Lack of Authoritative Regulation: It has not received regulatory permission from bodies such as the FCA or SEC.
- Promises of High Returns: Offers return rates far exceeding normal market levels, indicative of a possible Ponzi scheme.
- Non-transparent Funding Operations: Lacks disclosure of fund management methods, with little transparency.
- Absence on Social Media: No official accounts on mainstream social platforms, contradicting its claimed international influence.
- Low Website Traffic: Monthly visits are extremely low, indicating insufficient user activity.
- Template Website: Uses a website template similar to those of multiple exposed scam sites.
In conclusion, the authenticity and legality of mqfxoptionmarket are questionable, and investors should approach with caution.
