Name of Broker – Mentor FX
Website – mentorfx.com
Address – St. Vincent and the Grenadines
Owned by the – MENTOR CORP
Warning Issued By – Financial Conduct Authority (United Kingdom)
Mentor FX Review: Domain Status:
|Date Registered||April 07, 2021|
|Domain Age||1 year, 3 months, 27 days, 16 hours, 35 minutes, 29 seconds|
If you are thinking to invest with Mentor FX but avoid the scams, read the Mentor FX review and get to know about the scam activities of broker in detail.
One of the major drawbacks of online trading is the scam done by scam brokers who can be any Scam Forex broker, Scam Cryptocurrency broker, Scam Investment company, Romance/Dating scammer, Pet scammer, or any type of scammer. The scam brokers have a common way of fooling victims either. They either do it through cold calling, creating fake websites, or pop-up advertisements.
Mentor FX is located in Saint Vincent and the Grenadines which is an offshore region and a preferred location for shady brokerage. According to the government of SVG, they do not regulate forex trading or forex broker, and thus we may safely conclude that this broker is not regulated.
Similarly, after investigating Mentor FX broker, we found multiple proofs of scam activities done by Mentor FX. Read a complete Mentor FX review to know more about this broker.
Find out whether Mentor FX broker is a scam or legit-
While trading, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this Mentor FX Review in our scam broker 2022 list of scam brokers. Here are some points that you need to know about Mentor FX.
Mentor FX Review: Regulation Status –
While choosing a broker online, the regulation status is one of the most critical points. Here, Mentor FX seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. Mentor FX broker seems t be lacking such regulation or there is no proof of it.
Complaints against Mentor FX broker –
A number of complaints and negative Mentor FX reviews have been found regarding the scam broker on various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the Mentor FX scam and lost all their money and efforts to them.
Mentor FX Review: Leverages and Accounts
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, this broker tends to charge a huge deposit amount which is a major red flag to avoid moving further with your investment journey. The same criteria go with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the broker tends to offer high leverage, shaping it as a scam broker. Mentor FX broker offers high leverages which can cause a big loss to traders if things go wrong.
Final Thoughts on Mentor FX Review –
It is tough to recognize the fake brokers from first look – yet that is the place where we can help. If you want to invest in online trading, it is good to look at the list of scam brokers 2022 and avoid the brokers present on the list. This will help you in safe trading and also keep your investments safe with the right broker.
All Scam Reports Team advises the user to avoid investing here, as we have found that the Mentor FX broker is suspicious, and operating without any legal license. There has been proof of some suspicious activities similar to the signs mentioned in the Mentor FX review. So it can be concluded that Mentor FX is a potential scam broker.
Investors should always remember that the scammers don’t have any right to take away their funds in illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill out a small complaint form and we will be in touch with you shortly with a Free consultation.
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