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Reviews
What can I say. The company is gone. I get a server error when I try to log on. They don't exist anymore and my money is gone with them.
Thankful to bio i almost lost all hope
This a scam run oh they are criminals completely set up to scam people using multiple fronts and PV . Stay away from them. Check Display picture for help
I really cant belive they didnt want to release any of the promise till i found my display pic and they where able to handle the case for me.
Be vigilant, I had some crazy and overwhelming experience with them. They did everything possible to steal from me but the expert in my pic said no and put an end to all the drama.
Everything went wrong with my investment with them. As I informed you, My USD109 went forth and back only to give them more money - I gave Alex my Canadian account number to deposit the funds into my account. He told me to take 109K, and I had to pay CAD2750, and I paid that. Then he told me the funds would come to my account through a Spanish bank. I paid fees for the Spanish bank. Then he said the funds were stuck up in the USA, and I had to pay a fee of CAD 2750 again; I paid that in the hope the funds would come to my account. When I asked where my fund was, Alex said it was stuck because I had to pay an AML fee of CAD 4700. In this way, he stole about CAD 60k. I then gave him a threat to sue him if he did not give my money back. He then transferred my case to another fraud named Mark, telling me that Mark was from the Magnum Legal Department. I shall continue to tell my story in part 3 next. If anyone is dealing with this company or a bunch of thieves, please don't believe them; they will hypnotize you and rip you off. Stop immediately dealing with them.
Still waiting for my payout from Magnumtrade after days of silence from their support team. It's a joke. Go to the brokerage firm on my head-er instead. They have been reliable, processing my payouts promptly and offering exceptional customer support.
Their aim is to get you to invest and I can assure you that you won't be able to withdraw your investment and profit. I was only lucky that grilla-capital was able to come through for me and ensured that i got my initial deposit.
I was amazed at the positive reviews I saw, this company is a scam company, stopped replying to my mails, until I saw someone’s review about (rebound . Cash) that help him fight for his right, guys please stay away from this company
This company put me through a lot of emotional rollercoaster, the stopped replying me and left me frustrated, although rebound.cash stepped in to help, i still can't get over the emotional trauma
ALL these 3,4,5 star reviews saying positive things about this company is a SCAM that they wrote. DONT FALL FOR THIS COMPANY!!! They will tell you to "invest" into a crypto wallet called Kraken, then when you try to withdraw any money, they will drain your accounts.
They are scammers! They will steal your money! Stay away from this pathetic loosers!
May 24 2024 May 24, 2024 Scam! scam! scam! scam!!! I started investing with Magnum trade started with $1000. they keep on asking for more which unfortunately I did. Then the trade was going very well come the time to withdraw they deposit funds into trust wallet account secured. I cannot even withdraw. They’re asking for a deposit into a different crypto account of $8000 US first they say it’s because of money laundering. So I tried to make that deposit my bank Refuse to send the money. My bank told me there’s a lot cases that scammers ask to transfer from one wallet to another so they keep the money I contacted Magnum Trade and I told him are the funds coming back to me. They start giving me another answer, When you lie, the answer is never the same. He said they’re gonna calculate to pay for commissions and then they will transfer the money now it’s a different story. I will be waiting for the response from Magnum trading May 27, 2024. Reality in reality, if a broker owes you money, Broker should send it to you with no red tape. Please people do not invest with this company. You’ll never see a penny. This is how far this company will go to create a false Trust wallet. I know the money is lost. I never gonna see it again. I am creating a YouTube video about my experience gonna call Magnum trade. Need more information about this company here’s my email altinobotelho at yahoo dot com I’ll keep updates Update May 27 5 PM CHARLES was requesting an $8000 deposit so I could draw my profits when I refuse to open my computer Update May 27 5 PM CHARLES Dutton, was requesting an $8000 deposits so I could draw my profits when I refuse to open my computer any desk, and when I confronted him, told him that he had deposit dust tokens those are tokens, valued at zero to make believe the funds are in the account he pretended he did not know what I was talking about. I still did not receive my money and I will never do. Please keep away from these criminals specially CHARLES. Update August 1 Been having several calls from these criminals they send the funds to crypto account valued at $0.00 I had a call today from Peter Smith. They all have common names said he was going to transfer to my bank account. This is the joke now he send me a form to send my bank account information from a false letterhead signed by Mark Miller another common name. This is how they going to scam people now you send them the information of your bank. They will clean up your bank account. Please be aware with this company they're not the company they're a bunch of thieves. They say magnum holdings is going to send me the funds. They even put a phone number 1-788-453-7489, which does not exist.
SCAM SCAM SCAM !!!! Unfortunately I seem to have been taken in. I tried to do my best to check into this company before investing and everything seems legit. Since I asked for my money in my account there has been a steady stream of requests for money to be paid. Unfortunately I did pay the amount they requested as it seemed legit. They were only small amounts. Now I have been informed that there has been a change to the fees payable effective the 1st of this month. Great, all of my transactions took place prior to and this would not affect me. Apparently not the case (was I surprised??). I stated that I had already paid and was informed that there were to be no further monies required and also there was no official notice from the company. The rep who called me informed me that it was his job to do that and that the phone call was the official notification. Sorry but a phone call is not legal notification. I feel that I have been fed a bunch of crap. Do business with any legit company and they will not hesitate to send a notice of any change in monies required. I was informed that they were trying to ensure that I didn't have to pay taxes on the funds in my account. This should have been a MAJOR RED FLAG. No reputable company would be involved in this. It was too late for me as I had already paid my money and was too far into this before I was made aware of this. Too bad right? If you have done any taxes you will know that the only thing that will reduce the taxes payable will be your initial investment and then fees. Right now I would be happy with just getting my money back.
We had to seek legal assistance before we successfully withdraw from Magnumtrade
Over 5 months and no response from these crooks. STAY AWAY. All lies. No response after numerous attempts to contact. I asked for a refund and total lack of communication. DO NOT GIVE THIS OUTFIT ONE PENNY. I will get back to you and give an update. If my funds are returned, I will advise you as well.
Scam my account manager keeps pushing me to put more money in and now refuses to accept my withdrawal request and now he blocked me on whatsapp and nobody will answer my request or my emails Adam Zane is a scamer update 19/03/2024 Adam has returned to life with a new twist he says that I now need to pay a upfront 9% fee plus a tax to be able to make my withdrawal
I had a designated account manager but 'Adam' has disappeared and I am not getting any replies to calls, live chat or Whats App texts. It appears the investment has been taken by MagnumTrade as there is no responses. Don't invest your life savings like I did, I don't know what I'll do now. Update: Mar. 11-2024 Coincidentally received a call from Marc who made an appointment with me for Mar. 12-2024 to supposedly withdraw my funds. Call came today & Marc asked me to pay an extra $1600 as Adam Zane had made an error in my account and not paid this out. Marc was unwilling to help me withdraw the funds even after I offered to pay it out of the proceeds. Apparently a supervisor is going to call me now.. Update: Supervisor John called & spun the same story- MagnumTrade is unwilling to liquidate my funds as my former account mgr. 'Adam' didn't pay a credit from my account & now won't accept payment from the account. Adam Zane has conveniently disappeared & none of his co-workers seem to know what has happened. Magnum Trade is a scam & nothing but a bunch of thieves. Update: Mar. 18 - Adam Zane called & explained that I was scammed and that he was out of country. He has agreed to close the account & return the funds to my bank account. He said he will put in a request to close the account and the funds should accessible within a few days. If he does this, I have apologized to him in advance & he would gain my trust back. I would certainly invest with Adam Zane again. Update coming hopefully in a couple days. Update: April 13 – After over a month of Adam Zane leading me around, this week I received a call from his colleague at Magnum Trade, Rasmus. Rasmus again tried to pull the $1600 fee scam to access my funds. Again, they were unwilling to take it out of the proceeds in the account… I told him that Adam had again assured me that I did not owe any fees & that I was being scammed & he said he would have to listen to the call recordings as Magnum Trade records all calls apparently. I asked him to have my account mgr Adam call me. Rasmus called back a few minutes later to inform me that Adam no longer worked for the company & that he could only take payment of this non-existent charge. I am sorry I placed my trust in these scammers, & common thieves. They are truly criminal. Update: May 15 - Received a call from Charles from the FCA & he says they have recovered some of the funds & then he transferred $54K USDT to my trust wallet. Now he's telling me that he will send me a synchronization wallet for which I will have to deposit $10% of the funds to avoid tax & the CRA. Has anyone ever heard of this? Thanks!
I just started my trading journey.... i must say that so far, the customer service is excellent, I was linked up with a very personable advisor who is very good at his job!!! thanks magnum
I have been trading with MagnumTrade for some time now, and I must say, their platform is a joy to use. I still consider MagnumTrade to be a reliable broker that offers competitive trading conditions as I have made some cool cash effortlessly here.