Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of Mabcredit Trading Company
MABCredit markets itself as an international investment firm that provides its services to financial advisors, individuals, and institutions. The company provides its clients with trading, wealth management, and asset management services. The yield is earned from Monday through Friday, with daily returns starting at 0.7% and increasing to 1.86%. Nevertheless, MAB Credit is a fraud despite all of these offers. It is operated by a fictitious business that is neither licensed nor registered to offer investment services.
No MAB Credit company is registered in Delaware, despite the company's official website claiming to be based in Wilmington, Delaware, United States. There is not even a registered company with a similar name that uses the Delaware Avenue address. Furthermore, the broker is not listed as a provider of financial or investment services in the FINRA and EDGAR databases. Reviews from users of this platform go on to explain how this broker operates and the nature of their services, which are related, considering the reviews below.
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Contacts
| Registration address | This broker can be contacted by email at info@mabcredit.com. Additionally, they state that they have offices in London, Hong Kong, and Dubai; however, these are false addresses unrelated to MabCredit. The company says it is approved by the Financial Conduct Authority (FCA) in the UK, the Dubai Financial Services Authority (DFSA) in the UAE, and the Securities and Futures Commission (SFC) in Hong Kong, but none of these agencies have approved them. Using fictitious addresses and virtual offices, MabCredit deceives investors by claiming to have a physical address or office. |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has Mabcredit been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Mabcredit by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Mabcredit is down, not updated or operates with clear errors and some features are not available;
• Mabcredit has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Mabcredit got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Mabcredit got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Mabcredit?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Mabcredit is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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