Hongmao Review 5
Hi everyone, I'm new here and would like to warn you of an Asian based broker, Hongmao. Now, they seem to be operating in Hong Kong but all deposits are sent to Singapore. My experience with them started on a dating app (of all places). I met a girl online and she mentioned that she was into forex. Now, I was curious as I was just learning about forex after trading shares for many years. She said she would help me. I deposited a little money ($1000) into a new account using Hongmao's version.
My experience with them started on a dating app (of all places). I met a girl online and she mentioned that she was into forex. Now, I was curious as I was just learning about forex after trading shares for many years. She said she would help me.I deposited a little money ($1000) into a new account using Hongmao's version of MT4. She would then tell me when and what to buy and sell. We traded sometimes twice a night making a consistent 10-14% per trade. She said her uncle (very experienced in FX) would give her info each night which she'd pass on to me.Before long, she'd ask me to deposit more and more so I could rake in the money faster. She showed me her $1m+ account and transactions.
I applied for the withdrawal in September,which hasn’t been received yet.The platform deleted my account directly.I am suspicious that it is a scam.
Someone advised me to invest in foreign exchange. At first, the requests for withdrawing were all approved. Afterwards, he asked me to advise others to join in together. Soon, I was told that my business was abnormal and that if I wanted to withdraw my money, I had to repay 10% of the capital and that I could get it after 48 hours. Finaily, I was unable to contact with the customer service personnel. When I kept in touch with the one who advised me to invest in foreign exchange again, he said he would like to help me withdraw my money. That was totally a trick!
I had known a woman named Demi on online games early this June. She said she worked in a state-own company and advised me to invest in forex market. I didn't suspect her at first, but afterwards she always asked me to increase capital. Besides, there was something wrong with the official ways of withdrawing. When planning to withdraw, I was told that my account was suspended and was asked to repay a tax of 10% of the capital within a certain time, or I had to repay 20%. With nervousness, I am worried about being unable to withdraw money. Then I remitted the tax. The customer service personnel told me that my account would be unfrozen and If it would not, the bank would compensate me. But I didn't expect that it was totally a trick. After remitting the tax, I can't contact with the customer service personnel, and Demi is gone ,too. That is a purposed fraud.
