MACOWEALTH INVESTMENT Scam

Posted by

October 1, 2024

On October 1, 2024

MACOWEALTH INVESTMENT offers various trading plans with minimum deposit requirements ranging from $100 for a Starter account to $10,000 for a VIP account. The tiers include $1,500 for Premium, $2,000 for Promo, and $5,000 for the Advanced plan.

MACOWEALTH INVESTMENT claims to offer a top-notch trading platform, but our experience tells a different story. Upon signing up, we were immediately redirected to a page requesting a deposit before granting access to their platform. This lack of a demo account—an essential feature for traders to test a platform before committing real funds—raises red flags.

We also found that, MACOWEALTH INVESTMENT falsely presenting itself as a legitimate UK-based entity. Our thorough investigation has confirmed our suspicions that, MacoWealth is not registered with the UK’s Financial Conduct Authority (FCA). This glaring omission raises serious doubts about the broker’s legitimacy and its adherence to essential legal and regulatory standards.

On 16th September of 2024 the FCA (Financial Conduct Authority) on their website clearly mentioned “This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.” this in their news article. These warnings raise serious concerns about the EuroChainFX’s regulation status and suggest it may be operating as an unauthorized financial entity.

Upon further investigation we also found that the domain macowealthinvestment.com is registered in 7th July of 2024 only for a year. Also another important noticable fact is the company is claiming to be a UK based company yet their domain registration information is showing a false USA based details. We also got several reports of fraudulent activities thoroughout our investigation and there are over hundreds of reports on verified reviews websites.

After Analyzing recent cases and all the facts we have come to conclusions that MACOWEALTH INVESTMENT poses a significant risk to investors funds. We at Nathan Reclaim LLC categorizes MACOWEALTH INVESTMENT as a “Scam” Company.

We highly recommend our clients and everyone to choose brokers with proper regulation & transparency to keep themselves safe from potential financial losses.