The Financial Commission has disclosed a clone company: AccrueTrade (ServiceComsvg Ltd.) and an associated website (https://www.accruetrade.com/) mimicking MTrading – approved member of the Financial Commission. The company misleads its clients by falsely providing MTrading’s entity name (ServiceComsvg Ltd.) on its website, as well as Financial Commission’s membership status.
The above-mentioned company has never been a part of MTrading, nor a member of the Financial Commission, and may be used to scam and defraud traders and investors. As such, the Financial Commission does not recommend doing business with this entity either individuals purporting to represent this broker on social media and in private messages on popular messaging apps. Given this information, AccrueTrade (ServiceComsvg Ltd.), will be placed on the Financial Commission’s Warning List.