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Mahamudra Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.192.com...., the company's legitimate regulatory information Hong KongHKGXType A1 License, New ZealandFSPRFinancial Service Corporate to enhance the security of the company's address

Mahamudra Forex Broker

Basic Information

Registered Region

New Zealand

Operating Period

Company Name

Mahamudra Company Limited

Abbreviation

Mahamudra

Company employee

Customer Service Email Address

info@192-hk.com

Contact Number

+852 3705 5878

Company Website

https://www.192.com.hk/en

3069535977

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

Company profile

Note: Mahamudra's official site - https://www.192.com.hk/en is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Mahamudra Review Summary Founded 5-10 years Company Name Mahamudra Company Limited Registered Country/Region New Zealand Regulation FSPR & CGSE (Suspicious Clone) Market Instruments N/A Demo Account N/A Leverage N/A Spread N/A Trading Platforms MT4 Customer Support Phone: +852 3705 5878; +852 5971 4268; Wechat: mahamudra_cs; QQ:3069535977; Email: info@192-hk.com Official Website Unavailable What is Mahamudra？ Mahamudra Company Limited is a financial trading platform that has been operational for approximately 5-10 years. It is a company that has been registered in New Zealand. The company purports to be regulated by the Financial Service Providers Register (FSPR) and the Chinese Gold & Silver Exchange Society (CGSE) but it has been highlighted as a potentially suspicious clone of an established company. This allegation raises concerns about the legitimacy of Mahamudra's regulatory status. Mahamudra currently lacks an official website, which substantially limits the potential for transparency and the possibility of gleaning further information about the company's operations and services. Pros & Cons Pros Cons Experienced Broker Suspicious Clone Regulatory Licenses MT4 Offered Unavailable Website Delayed Customer Support Pros: Experienced Broker: With a history spanning 5-10 years, Mahamudra has been in the financial trading industry for a relatively substantial duration, which often equates to invaluable experience. MT4 Offered: The broker provides customers with the popular wide-used trading platform MT4. Cons: Suspicious Clone Regulatory Licenses: The claim about Mahamudra's regulation by the Financial Service Providers Register (FSPR) and the Chinese Gold & Silver Exchange Society (CGSE) is understood to be potentially untrue, given suspicions about it being a clone firm. This presents an element of risk and uncertainty for investors. Unavailable Website: The absence of an official website restricts transparency and access to critical information about the company's operations, which raises questions about the broker's legitimacy. Delayed Customer Support: Whether through their provided phone number, QQ contact, or email, customers have reported delays in response to Mahamudra's customer service, which can be disheartening and problematic. Is Mahamudra safe or scam？ Mahamudra Company Limited purports to be regulated both in New Zealand by the Financial Service Providers Register (FSPR) and in Hong Kong by the Chinese Gold & Silver Exchange Society (CGSE). However, there are suspicions that both registrations might be clone licenses, which raises serious concerns about the firm's regulatory status and consequently its security. In New Zealand, the license number provided is 572807 with the registered institution being BHP TRADING GROUP LIMITED. The effective date of this purported license is October 6, 2017, and the party can be contacted via an email address, solomonpac@yahoo.com, and a phone number, +61 405 939 933. The license type mentions “No Sharing”, which may suggest that it cannot be used in conjunction with other operations. The purported office address is in Auckland. In Hong Kong, the license number is 192. There isn't an effective date or expiry date available for the license. Mahamudra, an investment platform, has had three primary issues lodged against it by its users. Firstly, numerous users reported being unable to withdraw their funds, even after pursuing this with the platform, with one user even resorting to police involvement after a requested withdrawal of 200,000 was never received. Secondly, there have been complaints suggesting that the platform may be functioning as a pyramid scheme. Finally, users highlighted a severe lack of response from the customer service of Mahamudra. In a notable case, an insider is alleged to have revealed a fund chain issue that was causing withdrawal problems, raising suspicions of illicit activity on the platform. What's more, an inspection team investigated the reported New Zealand office of Mahamudra and found no trace of the company. The building at the specified address did house three companies, but none were named Mahamudra. Moreover, Mahamudra's CGSE A1 (No. 192) and FSPR (No. 572807) licenses have been cancelled, indicating that the company operates without regulation. Trading Platforms Mahamudra Company Limited provides its users with the MetaTrader 4 trading platform, one of the industry's most renowned trading software. MetaTrader 4, also known as MT4, is equipped with a range of tools and features that aid traders in performing comprehensive market analysis, managing trades efficiently, and even automating their trading strategies using Expert Advisors. User Exposure on WikiFX Three clients made accusations of incidents where they had applied for fund withdrawal, yet received no action or response from Mahamudra. In one report from January 17, 2018, the client alleged that they were unable to withdraw 200,000 (currency unspecified), despite Mahamudra assuring that the process was being managed. The funds did not arrive and further attempts to contact the firm were unsuccessful. Likewise, in a report from December 2018, a client voiced the same concern when a withdrawal request made on November 20 was unserviced by December 6. They also reported that customer service did not respond to their inquiries and suggested suspicious behavior from the platform's side. Lastly, another user complained about the withdrawal of 1000 USD not being fulfilled even after nine days. This exposed clear payment issues with Mahamudra, contradicting what the account manager allegedly promised about the safety and expediency of fund transfers. Customer Support The customer support of Mahamudra can be reached via various channels. You can contact them by phone at either +852 3705 5878 or +852 5971 4268. They are also reachable on WeChat with the user ID mahamudra_cs and on QQ with the ID 3069535977. Additionally, you can reach them over email at info@192-hk.com. Conclusion Mahamudra Company Limited, a veteran trading platform of 5-10 years, offers services through the familiar MT4/5 platforms. Despite its seemingly robust offering, Mahamudra sports a number of red flags including suspicions of cloned regulatory licenses from FSPR and CGSE, unavailable website, potentially delayed customer support, and being a white-label broker on the MT4/5 platform. What's more, Mahamudra Company Limited is an illegal broker with expired licenses and has been listed on WikiFX's Absconded list, indicating a high level of risk for potential clients. Given these concerns, investors are advised to exercise caution when dealing with this broker. Frequently Asked Questions (FAQs) Q: What regulatory licenses does Mahamudra claim to hold？ A: It alleges to be regulated by FSPR and CGSE, although both are suspected to be clone licenses. Q: How can I contact Mahamudra's customer support？ A: Mahamudra can be reached via Phone: +852 3705 5878; +852 5971 4268; Wechat: mahamudra_cs; QQ:3069535977; Email: info@192-hk.com. Q: What trading platforms does Mahamudra offer？ A: The firm provides services through the MT4 platforms. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Mahamudra broker review

Is Mahamudra safe or scam

Rating Index

How to login to Mahamudra?

Mahamudra Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Mahamudra Account To begin your journey with Mahamudra, the first step is to complete the registration process. This process is designed to be user-friendly a

Mahamudra Forex Broker - Complete Information Guide

1. Broker Overview

　　Mahamudra Company Limited, operational for approximately 5 to 10 years, is a financial trading platform registered in New Zealand. The broker primarily serves retail clients and is positioned in the competitive landscape of online trading. Despite its relatively short history, Mahamudra claims to offer a range of trading services and has established a presence in the forex market.

　　The company has faced scrutiny regarding its regulatory status, as it purports to be regulated by the Financial Service Providers Register (FSPR) and the Chinese Gold & Silver Exchange Society (CGSE). However, both licenses have been flagged as potentially suspicious clones, raising doubts about the legitimacy of its operations. The absence of an official website further complicates the broker's transparency, making it challenging for potential clients to verify the company's claims and offerings.

　　Mahamudra is a private entity, and its business model includes providing trading services through the well-known MetaTrader 4 (MT4) platform. The company has not disclosed significant milestones or achievements in its development, which is often a concern for potential investors seeking reliable and established brokers. The lack of a demo account and limited information on market instruments adds to the uncertainty surrounding this broker.

2. Regulatory and Compliance Information

　　Mahamudra operates under the claimed oversight of two regulatory bodies: the Financial Service Providers Register (FSPR) in New Zealand and the Chinese Gold & Silver Exchange Society (CGSE). The license number provided for the FSPR is 572807, associated with BHP Trading Group Limited, with an effective date of October 6, 2017. However, the legitimacy of these licenses has been called into question, as investigations have indicated that both may be clones of legitimate firms.

　　The regulatory environment for Mahamudra raises significant concerns, as the broker currently lacks valid and recognized regulatory oversight. Furthermore, reports indicate that the licenses from both the FSPR and CGSE have been canceled, suggesting that Mahamudra operates without proper regulation. This absence of oversight poses a considerable risk to investors, as there are no guarantees regarding the safety of client funds or adherence to industry standards.

　　Mahamudra claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, but the effectiveness of these policies cannot be verified due to the lack of transparency and operational visibility. Additionally, client funds are reportedly not held in segregated accounts, further increasing the risk for potential investors.

3. Trading Products and Services

　　Mahamudra offers a limited selection of trading products, primarily focusing on forex currency pairs. However, specific details regarding the number of currency pairs available and the major pairs offered have not been disclosed. The broker does not provide information on Contract for Difference (CFD) products, which typically include indices, commodities, stocks, and cryptocurrencies.

　　The absence of a demo account also limits potential clients' ability to test the trading environment and assess the broker's services before committing real funds. Mahamudra's lack of transparency regarding product updates and the introduction of new trading instruments raises concerns about its adaptability and responsiveness to market trends.

　　While the broker claims to cater to retail clients, there is no mention of services tailored for institutional clients or asset management offerings. The lack of white-label solutions further indicates that Mahamudra may not be fully equipped to serve a diverse client base.

4. Trading Platforms and Technology

　　Mahamudra primarily supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and comprehensive trading tools. The broker does not appear to offer proprietary platforms or additional trading software, which may limit the trading experience for clients seeking advanced features.

　　The absence of a web-based trading platform and mobile applications for both iOS and Android devices is a significant drawback, particularly in today's trading environment where flexibility and accessibility are paramount. Mahamudra has not provided details regarding its execution model, whether it operates under an ECN, STP, or Market Making model, which is critical information for traders assessing the broker's reliability and efficiency.

　　Additionally, there is no information available about the broker's server locations or the technological infrastructure supporting its trading operations. The lack of API access or support for automated trading further limits the broker's appeal to algorithmic traders and those seeking advanced trading solutions.

5. Account Types and Trading Conditions

　　Mahamudra offers limited information regarding its account types and trading conditions. The specifics of the standard account, including minimum deposit requirements, spreads, and commissions, have not been disclosed. There is no mention of advanced account types such as VIP or professional accounts, which are typically offered by more established brokers.

　　The absence of an Islamic account option may also deter potential clients from regions where such accounts are necessary. The lack of a demo account policy is concerning, as it prevents potential clients from testing the trading conditions before committing real funds.

　　Leverage options have not been specified, which is crucial for traders looking to understand their risk exposure. The minimum trade size and overnight fees are also not mentioned, leaving potential clients with insufficient information to make informed decisions.

6. Fund Management

　　Mahamudra provides limited details regarding its fund management policies. The broker supports various deposit methods, including bank transfers, credit cards, and electronic wallets, but specific options have not been clearly outlined.

　　The minimum deposit requirements for different account types are not disclosed, which can create uncertainty for potential clients. Additionally, the processing times for deposits and any associated fees have not been provided, leading to further ambiguity surrounding the broker's operations.

　　Withdrawal methods and limitations are also not clearly communicated, along with the processing times for withdrawals. The lack of transparency regarding withdrawal fees and conditions raises concerns about the broker's commitment to client satisfaction and service quality.

7. Customer Support and Educational Resources

　　Mahamudra offers customer support through various channels, including phone and email. However, the availability of live chat or social media support is not mentioned, which may limit clients' options for immediate assistance. The service hours and time zone coverage have not been clearly defined, leaving potential clients uncertain about when they can reach support.

　　The broker reportedly provides support in multiple languages, but a specific list of supported languages has not been disclosed. The availability of educational resources, such as webinars, tutorials, and e-books, is also not mentioned, indicating a potential lack of commitment to client education and empowerment.

　　Market analysis services, including daily analysis, news updates, and research reports, are not specified, which may hinder clients' ability to make informed trading decisions. The absence of trading tools, such as calculators and calendars, further limits the broker's appeal to traders seeking comprehensive support.

8. Regional Coverage and Restrictions

　　Mahamudra primarily serves clients in New Zealand and potentially other regions, but specific markets have not been disclosed. The distribution of regional offices is not mentioned, which may indicate a limited operational footprint.

　　The broker does not accept clients from certain countries, but the specific nations or regions have not been detailed. This lack of clarity may deter potential clients from engaging with the broker, as they may be unsure of their eligibility to open an account.

　　In summary, Mahamudra broker presents a range of challenges for potential clients, including regulatory concerns, limited product offerings, and insufficient transparency regarding its operations. Investors are advised to exercise caution and conduct thorough research before engaging with this broker.

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