Magnasale - typical offshore scammers

Carefully! Magnasale is suspected of fraud!

The number of online scammers who successfully take advantage of the gullibility of ordinary people is constantly increasing. Offshore or generally illegal brokers simply and successfully collect money under the pretext of profitable trading, without intending to pay anything. A prime example of a fraudulent firm posing as a reputable broker is Magnasale.

Studying the activities of a stock trader, checking really important information, one can understand that the company is trying to impersonate someone who it really is not in order to successfully rob gullible customers by throwing them for money. Magnasale scammers try to make attractive offers to their clients, so that beginners would definitely pay attention to them, because inexperienced people are much easier to deceive and rob than professional traders.

Information about the work and offers of the broker

Considering the information published by the broker on his website, studying in detail the Magnaseil scam, we managed to find data that here clients are offered expert training suitable for traders of all levels. The exchange trader presents educational materials in the format of e-books, videos, live webinars, 1 on 1 expert sessions.

Also, the firm's clients are offered work with a personal manager, dedicated support service specialists, and trading will take place on the terminal, marked by numerous awards. The company offers work with a new generation platform, more than 1000 assets are available on the site, the execution of transactions is fast, all the tools are professional. Also, the exchange trader is ready to offer traders individual charts in real time and the ability to trade from any computer or mobile device.

Continuing the review of Magnasale, you can find information that making trading and payment transactions on the site will be completely safe. Clients were offered five trading accounts on the site, and you can additionally use a profile for trust management. The starting amount of replenishment is $ 250, customers will be able to receive daily market reviews, manager services, price alerts.

Clients are offered to work with indices, currencies, cryptocurrency, as well as goods and stocks. The stockbroker has added a lot of ways to make a payment to the site, also clients here can find financial and economic calendars, daily signals, in addition there is an opportunity to participate in an affiliate program.

The company presents itself as the best, most experienced broker, but the fact that there is little additional data about it on the network is alarming, and reviews about Magnasale have only recently begun to appear and their nature is negative. In the "License" section on the site, they did not even indicate the number of the document or its copy, but the office undertakes to declare that it works legally.

Why you shouldn't cooperate with Magnasale broker

Carefully examining and checking the presented office, in the basement of her website, we still managed to find data that she has a license from the Cypriot regulator under the number 264/15. Checking this number, as well as the name of the company on the website of the official regulator, makes it clear that no one has issued a permit for the broker to operate, respectively, the office is operating illegally, and this is the first sign that Magnasale is a scam.

Continuing the verification of the presented brokerage company, we managed to find data that it is located at Strovolou 148, Strovolos, 2048, Nicosia, Cyprus, but little is believed in the veracity of these data. Having broken through this information on Google maps, it was possible to obtain data that the company Safecap Investments LTD is located there, which is engaged in investments and does not have even the slightest relation to the heroes of the article.

Taking into account these facts, it is worth noting that the broker provides services illegally and without registration, and also hides information about its owner. As for the Broker's User Agreement, this document also deserves special attention and requires study, because it contains such unpleasant points:

• the firm may, at its discretion, provide trading recommendations, but is not going to bear responsibility for the result of their use;
• the broker is not liable to clients if it does not execute trading transactions on time;
• if third parties gain access to the client's account, the exchange trader will not be responsible for this;
• if the client receives losses due to technical failures in the operation of the terminal, no one will be held responsible for this;
• the firm may unilaterally refuse to provide services to the client.

You should also carefully read the bonus policy of the office, in order to understand that the conditions for working out its rewards are impossible, and because of this, customers will not be able to withdraw funds from Magnasale.

This company tried to attract the attention of newcomers with bonuses, an affiliate program, training, in order to successfully rob them later, so it is not safe to contact the office.

Information about the website of the brokerage firm

A full study of the data on the intermediary office made it possible to understand that it is an illegal fraudster stealing money. As for the results of the review of the official Magnasale website, they turned out to be the following:

• the address of the brokerage resource on the Internet - https://magnasale.org/;
• domain name registration date – the site launched on June 9, 2021;
• data about the owner of the domain - the registration is private;
• contact section and communication with traders - on the site, users can find the address of the office of the office (not the location of the broker), there is also a standard contact form and e-mail [email protected]

They decided not to add a phone number on this site, because scammers can still safely ignore letters, and they will obviously not like the constant calling of disgruntled traders.

What they write in reviews about Magnasale

Although the domain of this office was registered on the network more than a year ago, real reviews about Magnasale are just beginning to appear on the Internet.

In their comments, people write that the broker is a scammer, he works illegally and is only determined to steal other people's money, so you should not contact the sharashka office. These offshore scammers operate illegally and simply deceive people, it is best to stay away from them as far as possible.

List of sources

In the process of writing today's review, information was used from the official website of the broker in question, additional data was obtained from the websites vklader com, www cysec gov cy, www rabota-zarabotok ru, good-trading info, www google com.