MCManagement – Are the Legitimate? https://www.mcmanagment.com/

By Anonymous, from United Kingdom, August 31, 2020 at 11:22 AM

I cannot find any information about MCManagement or MCManagment (with and without an ‘e’) online which is rare. Secondly, I’m having trouble withdrawing funds at the moment, need to test their system. I’ve only just opened an account with them. Are they financially regulated? How long have they been trading across the globe? Can they be trusted? So far everything seems legitimate, except that I cannot view my withdrawals and I have not received the funds. I am told this will be done via Kraken, but that’s not what is on the website. It’s starting to get too complicated for me. I hope you can help! Thanks M

Answer: Hi Anonymous,

Unfortunately, MCManagement does not seem to be regulated. They do not provide any regulatory details and, moreover, we have found this information in the terms and conditions on the website: “there is no EU regulatory framework governing trading in cryptocurrency products. Investors are not entitled to any protection under the Investors’ Compensation Fund and have no rights to report to the Financial Ombudsman in case of a dispute with a company about cryptocurrency services.” Clearly, it means the broker is not responsible for your funds and is NOT regulated in the EU, despite its address (Switzerland) and contact phone number (UK), which are probably fake.

We would recommend to stay away from this entity and take out your funds as soon as possible.

6 responses to “MCManagement – Are the Legitimate?”

  1. Thank you for your response. It’s unfortunate, it’s a little too late for me. I tried to withdraw my money and was blocked (on several ocasions) by the account manager/finance team. When I tried to withdraw all of it, the next day all my money disappeared from my account! They lost all of it in one go, despite being told that they only invested a small percentage at any given time. They blocked my withdrawal with an ‘order’ on my account I wasn’t aware of. They only did day trading as far as I was aware, so I’m confused by the whole thing. I have been scammed. I have emailed them requesting my money back and after 14 days I will report them to my bank card issuer in order to prevent others for falling for this scam. They wanted me to invest thousands more (after attempting to gain my trust), but the fact I couldn’t find any information about them online was a red flag. Thank you so much for looking into this for me, I really appreciate it.

  2. Today I cannot access their website to look at my account, have they disappeared? Mcmangment.com. Anyone ready this, my advice to you is htat do not speak to strangers like your mama taught you! They tried calling me all week, about 3 times a day, when I asked to close my account, but not responding to my whatsapp message, our usual form of communication. Drat! Please post here if the same thing has happened to you?

  3. Hi anonymous. Official trading name is MCManagment – my first thought was that it wasn’t a good sign they couldn’t spell management and wish I had gone with that and ignored them. However there is a company trading as MCManagement so maybe they didn’t want confusion.
    Too late I realised that the whole business is a scam.they very cleverly pull you in by asking for small deposits that make profits and they pay them to you. But everything changes when your deposits increase. All of a sudden all trades fail to make a profit.
    Kraken is another scam but I’m not sure how it works to their advantage. My explanation was that I could access my funds within minutes- payments from them took anything from 5 to 7 working days. Of course another lie – Kraken will tell you that only one source can pay in or withdraw- but in truth that didn’t happen. When I finally got them to send funds I was told I couldn’t withdraw a specified number of days with first deposits. Also Kraken is another trader so I had to watch my funds change by the minute. Luckily for me my funds increased but it was still more complicated to release the money. Kraken was extremely helpful and I have highlighted with them how my trader at MCManagment lied about the whole process. The one thing I can say is that Kraken is a better site to trade with.

  4. They lost all my money in one go. Giant Scan , do not invest any money on them. CHEATING, My account manager just disappeared with no reason.

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