Mancardinc: Login, minimum deposit, withdrawal time?

Mancardinc: Login, minimum deposit, withdrawal time?

Warning! Mancardinc is an offshore company! Your deposit may be at risk.

RECOMMENDED FOREX BROKERS

Forex.com

 

If Mancardinc seems familiar, you are not the only one. This broker’s interface has become a template that is a widespread thing among the shady brokerage community. It may feel like the broker is legit, but that’s why this type of interface is so effective- a mixture of slightly cartoonish aesthetics with a dash of start-up quirkiness and you’ve got a recipe for a good-looking scam.

We have here a broker that goes over its head with the regulatory claims. It claims to be regulated by CySEC, the Dubai Financial Regulation and Supervision Authority, ASIC, the FCA, and the FSCA in South Africa.

And yet, once we visited these sites, there was no proof of Mancardinc ever being a part of their registries of licensed entities. This tells us plain and simply that the broker has lied to us and to its users about its supposed licenses.

And consider the official warning issued by the Swiss Financial Market Supervisory Authority (FINMA). This should not be taken lightly, for FINMA is perhaps the European regulator with the most assertive regulatory framework. FINMA is to Europe what the CFTC and NFA are to the United States. A red flag by FINMA really means that the broker is a risk and most probably a scam!

And so, Mancardinc turns out to be a typical unregulated FX broker and a risk to all!

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

A registration was easily made, and we entered a user area. From it, we will try to get as much trading and payment details as we can.

For one, the web trader made available reveals the important trading conditions. The available trading instruments are forex currency pairs, commodities, indices, shares, cryptocurrencies, and ETFs. The leverage is maxed at 1:100. The average EUR/USD cost of trade is 0.3 pips. Although a superb spread this is, we have doubts a to whether it may be commissioned. However, the website holds no information on commissions. We urge our users to be cautious. And considering the broker is unregulated, there might be hidden commissions.

Mancardinc is available in a range of languages, including English, Russian, Spanish, German, French, Italian, and Chinese.

MANCARDINC LOGIN

As far as web traders offered by unlicensed brokers, this one seems just fine, although it is plagued by a common problem.

And that is that the bulk of the terminal is fully exposed, meaning that there aren’t enough features and options to keep a user busy for a long time. Clients will get fed up with the lack of options and will want to move on to something else. And we won’t blame them.

MANCARDINC MINIMUM DEPOSIT

Just to remind our readers that all deposits are at a risk here.

According to the client dashboard, the minimum deposit is $1. The website claims differently, but what we sa3w is what we write about.

The only investment methods are based on crypto wallets, which are untraceable.

There are no fees revealed for deposits.

Usually, crypto deposits are instantaneous.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

MANCARDINC WITHDRAW TIME AND FEES

There is no guarantee that the broker will ever pay back its users. In our view, they won’t!

We found no withdrawal area anywhere, begging the question as to whether or not one can actually withdrawal. So we must rely on the website of a broker that we do not trust.

Unfortunately, we find no information on withdrawals. The payment methods talk about are all over the place, and there are no fees to find nor any processing times.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Mancardinc may look the part, but it definitely does not act like it owns the room. This broker is not licensed and is, therefore, a risk to all. We believe that all deposits will be lost here!

Rich Snippet Data
Review Date
Reviewed Broker
Mancardinc
Broker Rating
11stargraygraygraygray

Top Forex Brokers

Broker Country Rating Min. Deposit Website
US 4.9/5 $50 Visit websiteWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

$44 Million Dollar Scam Busted By CFTC

The US-based CFTC broke through another multi-million dollar