Item: Maunto
Rating: 1.19

Company Name

DataWave Tech LTD

Abbreviation

Maunto

Platform registered country and region

Saint Lucia

Company website

https://www.maunto.com/

Pyramid scheme complaint

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ExposureMaunto Review: Imp. Things to Know!!

2024-04-15 17:53

Maunto, registered in Saint Lucia in 2023, operates under Comoros License, offering a wide array of tradable assets including indices, forex, cryptocurrencies, stocks, commodities, and metals. The broker introduces a range of account types - CLASSIC, SILVER, GOLD, PLATINUM, VIP - with a minimum deposit requirement of $250.

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2024-04-15 17:53

Exposure

Review 16

16 Comments

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All(16) Latest Positive(8) Neutral(1) Exposure(7)

Exposure

Mounto Fraud

After joining Mounto with a minimum amount of $250, I checked and found that there were many scam comments, so I decided to cancel my membership one hour after joining by sending an email. However, I only received feedback that it is still under review, and until now, after three days, they have not refunded the deposit amount... On their website, it clearly states that withdrawals will be processed within 24 hours, but they have not sent any processing results... This is a scam account, so please never join!!!! I wasted $250 here!!! However!! I am determined to continue asking for my money back... It's frustrating... Please, please do not join... Even if you make a profit and try to withdraw, it's obvious that it will be a headache...

On the evening of July 17th, around 11:20 PM, the account manager suddenly received a phone call, saying that the margin level was significantly decreasing. They urgently called to inform that if the situation continued, the invested assets (balance) could be completely lost. They suggested depositing an additional $5,000 to minimize the losses. However, when it was mentioned that there was no money to deposit, the account manager angrily hung up the phone. Afterwards, on the morning of July 18th around 6 AM, upon checking, it was discovered that the remaining account balance (assets) of $16,929 had been completely depleted within a few hours. The account balance was -$1,805, indicating a -132% ROI and a margin level of 23%. Regarding the $1,000 withdrawal request made on July 15th, there was a transaction record stating "low margin level," followed by a "withdrawal request denied." According to the account manager, they stated that "without the investor's permission, the account manager cannot execute trades as they please, so there is no need to worry." However, upon checking on July 18th, it was found that the "purchased foreign exchange and stocks were sold off and liquidated without the investor's permission, resulting in losses as per the account manager's discretion." The account manager mentioned that the investor should buy or sell foreign exchange and stocks through the Maunto Client Area. During the investor's trading process, from July 17th, there was always a section on the Maunto trading site that displayed "profits marked as negative (-) amounts," which was incomprehensible. When asked about this, the account manager replied that there were purchased foreign exchange and stocks, so there was no need to worry. However, since July 18th, when the account balance became -$1,805, the account manager has not made any further phone calls. In terms of stock trading, the losses were not 20% to 30%, but the account balance suddenly dropped to over -132% within a few hours. Even if the purchased foreign exchange and stocks incurred losses, the remaining available margin of $9,500 should have remained in the balance, but this amount has also disappeared.

At the request of the account manager, an account was opened on May 29 with $250, and as time went by, various products and information were provided, urging the investor not to miss this opportunity and continuously investing more deposits. The investor deposited a total of $15,250 in investment deposits in three installments until July 11, and then requested a withdrawal of $1,000 on July 15. At that time, the account balance was $16,929, and the remaining available margin after purchasing foreign exchange and stocks was $9,500. The manager said that the margin level was over 280%, so there was no need to worry. However, at around 11:20 PM on July 17, Korean time, the account manager suddenly called and said that he had to call urgently because the margin level was dropping significantly, and that if he left it like this, he could lose all of his invested assets (balance), so he could minimize the loss by depositing $5,000 more. When I told the account manager that I had money to deposit, he got angry and hung up the phone. When I checked around 6:00 AM on July 18th (Korean time), the total remaining account balance (asset) of $16,929 was completely depleted in a few hours, and the account balance was -$1,805, showing an ROI of -132% and a margin level of 23%. For the $1,000 withdrawal request on July 15th, a transaction record was left saying "Low margin level" and "Withdrawal approval denied." The account manager who used to call me every day without fail has not called me since July 18th when my account balance became -$1,805. In stock trading, losses are not 20% to 30%, but my account balance suddenly became a loss of over -132%. I just can't understand why the remaining margin of $9,500, which should have remained even if the foreign exchange and stocks I purchased were at a loss, has disappeared. My current account balance is -$2,405 and my margin level is 114.25%. What should I do?

FX1395681821

08-15

Exposure

Fraud, withdrawal refusal

The account was opened on May 29th with a deposit of $250, as requested by the account manager. As time went on, various products and information were provided, urging not to miss this opportunity and requesting continuous investment. The investor made three deposits totaling $15,250 until July 11th. Then, on July 15th, a withdrawal request of $1,000 was made. At that time, the account balance was $16,929, and after buying foreign exchange and stocks, the remaining available margin was $9,500. The account manager assured that there was no need to worry as the margin level was above 280%. However, on July 17th at 11:20 PM Korean time, the account manager suddenly called, saying that the margin level was significantly decreasing and urgently requested a deposit of $5,000 to prevent potential losses. When the investor explained that there was no money to deposit, the account manager expressed anger and abruptly ended the call. On July 18th at around 6 AM Korean time, upon checking, it was found that the remaining account balance (assets) of $16,929 had been depleted within a few hours. The account balance was -$1,805, indicating a ROI of -132% and a margin level of 23%. Regarding the $1,000 withdrawal request made on July 15th, there was a trading record stating "low margin level" and it was marked as "withdrawal request denied". The account manager, who had been calling every day, stopped contacting after the account balance became -$1,805 on July 18th. It is incomprehensible that the account balance, which was supposed to have remaining available margin of $9,500 even if the purchased foreign exchange and stocks incurred losses, had completely disappeared. Currently, the account balance is -$2,405, and the margin level is 114.25%. What should I do?

FX1395681821

08-13

Exposure

All account balances have disappeared; fraud, withdrawal refusal

On May 29th, I opened an account and made three investment deposits totaling $15,250 at the request of the account manager until July 11th. As of July 17th, the total account balance (assets) was $16,929, and the remaining available amount for foreign exchange and stocks was $9,500. The account manager assured me that there was no need to worry because the margin level was above 280%. However, on July 17th, at around 11:20 PM Korean time, the account manager suddenly called and said that the margin level was dropping significantly. They urgently asked me to deposit an additional $5,000 to prevent potential losses. When I explained that I didn't have the money to deposit, the account manager became angry and abruptly hung up the phone. On July 18th, at around 6 AM Korean time, I checked my account balance and found that the previously remaining balance of $16,929 had suddenly become -$1,805. The account had a -132% ROI and a margin level of 23%. Within a few hours, the entire remaining account balance of $16,929 was depleted, and even the remaining available amount of $9,500 for foreign exchange and stocks disappeared. I had believed that I would make profits without incurring losses through these investments. However, as time went on, the account manager kept offering various products and information, urging me not to miss this opportunity and continuously requesting more investment deposits. Then, one day, the account balance suddenly plummeted to -132%, far beyond the expected 20% to 30% loss. Even the remaining available amount of $9,500 for foreign exchange and stocks vanished. Even if the purchased foreign exchange or stocks incurred losses, the remaining available amount of $9,500 should have remained as a balance. However, even that amount disappeared. I simply cannot understand this. I realized too late that these investment brokers and intermediaries were scammers. Please never follow their lead.

FX1395681821

07-27

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Aspect	Information
Company Name	DataWave Tech LTD
Registered Country/Region	Saint Lucia
Founded	2023
Regulation	MISA (Offshore)
Tradable Assets	Indices, Forex, Cryptocurrency, Stocks, Commodities, Metals
Account Types	CLASSIC, SILVER, GOLD, PLATINUM, VIP
Demo Account	Not mentioned
Minimum Deposit	$250
Maximum Leverage	1:400 for FX
	1:200 for Silver & Gold, Indices, and Commodities
	1:5 for Stocks/Equities
EUR/USD Spread	0.9 - 2.5 pips
Trading Platform	Maunto WebTrader
Deposit & Withdrawal	Credit/Debit Cards, Wire Transfer, APMs. Minimum withdrawal amounts vary by method
Customer Support	Monday - Friday: 12:00 till 21:00 GMT
	Live chat, contact form
	Phone: +44 203 150 2 347
	Email: support@maunto.com
Regional Restrictions	Euorpean Union

Pros	Cons
Various trading options	Withdrawal process can be lengthy (8-10 business days)
Competitive spreads	Inactivity fees charged
Zero deposit commissions	Maintenance fees charged
No fees for the first withdrawal	Complex swap fees charged
Flexible e-wallet withdrawal amounts

Asset Class	Leverage
FX	1:400
Silver & Gold/Indices/Commodities	1:200
Stocks/Equities	1:5

Spread	CLASSIC	SILVER	GOLD	PLATINUM	VIP
EUR/USD	2.5	2.5	1.8	1.4	0.9
GBP/USD	2.8	2.8	2.3	2	1.4
USD/JPY	2.8	2.8	2.3	2	1.4
Crude Oil	$0.14	$0.14	$0.13	$0.12	$0.10

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ExposureMaunto Review: Imp. Things to Know!!

Review 16