Score
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 17
Exposure
Score
Regulatory Index0.00
Business Index4.23
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
MSquare Group Pty Ltd (MSG)
Company Abbreviation
MSquare
Platform registered country and region
Australia
Company website
Company summary
Pyramid scheme complaint
Expose
MSquare is a scam platform, privately embezzles investor funds.
There is an obvious fraud on Msquare, it has been more than 1 month now, but the withdrawal has not been paid, I asked Msquare to pay a total amount of 45,541.65 USDT (including 41,401.55 USDT for withdrawals and 4,140.10 USDT for "service fees")
In the past two days, there has been no progress in communication with M S. I still have to pay a $5000 deposit. May I ask, what does the M S platform guarantee? The information you requested has all been submitted to you. It is the problem of your platform itself, but you are forcing investors to bear the consequences.
After requesting a withdrawal, the payment was not made, and a "payment slip" was forged. Three issues include: 1. Time discrepancy: I requested a withdrawal on August 14th, and Msquare Group claimed to have made the "payment" on the same day. However, the screenshot they provided shows the date as August 16th, which is the first point of suspicion.2. Numeric expression: My withdrawal amount was $41,401.55 USD, but the screenshot from the platform shows 41401.55 USDT without a comma, whereas it should be displayed as 41,401.55 USDT (with a comma) on the platform. This is the second point of suspicion. 3. TXID value: The most crucial suspicion arises from the TXID value. Using the website https://www.oklink.com/zh-hans/trx/tx/, I entered the TXID value provided in Msquare Group's screenshot. The results showed that the recipient's address was not mine, and neither was the transaction amount consistent with my withdrawal amount. We know that each TXID corresponds to a specific transaction. It has been 19 days since my withdrawal request, and Msquare Group has still not processed my payment.
Lost more than ten thousand, now only have one thousand left, and they won't allow withdrawals.
Strongly demand a heavy blow against the fraudulent company Msquare. After the fraud by Msquare, they blocked my phone. My initial capital of 20K and a total withdrawal amount of 40K have not been paid to me until now. It has been more than a month.
Unable to withdraw from trading account 7213540. I deposited $3100 USDT into this platform and made a profit of $1500 USDT from two trades. The platform then emailed me accusing me of malicious manipulation and froze my account, demanding a 45% verification deposit of $2036 USDT. After making the deposit and completing the verification, I attempted to withdraw but my account was frozen again on allegations of money laundering, requiring another 40% verification deposit of $3097 USDT. After making this second verification deposit and passing the verification, I tried to withdraw my account balance of $10939 USDT, but the platform emailed me demanding a 28% tax payment of $3062 USDT before I could proceed with the withdrawal. At this point, I realized I had been scammed; the platform never intended to let me withdraw my funds.
After I emptied my account, Msquare Group sent a screenshot of a so-called "payment slip" to inform me that I had been paid, but the fact is that 21 days have passed and I still have not received the withdrawal amount. I carefully looked at the payment screenshot sent to me by Msquare Group customer service, and I found three suspicious points. The first is the time. I withdrew money on August 14, and Msquare Group also "paid" me on the same day, but the time shown on the screenshot is August 16; the second is the numerical expression. My withdrawal amount is 41401.55 US dollars, and the screenshot given to me by the platform also shows 41401.55 USDT, but we know that the platform will display it as 41,401.55 USDT (with a comma in the middle); the third and most important doubt is the TXID value. I went to https://www.oklink.com/zh-hans/trx/tx/ and entered the TXID value on the screenshot given to me by Msquare Group customer service to query. The result shows that the recipient address is not the address I provided, and the amount is not the amount I withdrew. But we know that a TXID value corresponds to a transaction. In summary, I am very sure that Msquare Group Photoshopped a payment slip and sent me a screenshot after I completed the withdrawal. But the fact is that Msquare Group did not pay at all. I expose the relevant facts here and hope to get help, thank you. (Currently, Msquare Group customer service has blocked my contact information, which fully proves that they are guilty.)
MSquare platform, unable to withdraw funds, the platform has blocked me, unable to contact customer service, who can tell me how to seek justice.
Msquare is clearly engaging in fraudulent activities. It has been over a month, and they have not processed any withdrawals. I demand that Msquare pay $45,541.65 USDT, which includes $41,401.55 USDT in withdrawals and $4,140.10 USDT in "service fees".
1.On August 14, 2024, after I cleared my account, Msquare Group sent me a payment screenshot, informing me that they had made a payment to me. However, the fact is that 24 days have passed, and I still have not received the withdrawal amount. 2.After carefully examining the payment screenshot provided by Msquare Group, I identified three doubts.(1).Time issue: I applied for the withdrawal on August 14, and Msquare Group claimed to have made the payment that day, but the time shown on the screenshot is August 16.(2).Numerical expression issue: The withdrawal amount is 41401.55 USDT, and the screenshot displayed the same amount as 41401.55 USDT, but the platform typically shows the amount as “41,401.55 USDT” .(3)TXID value issue: Checking the TXID value on the website the receiver's address shown does not match the address I provided, and the amount also does not match. 3.I am certain that Msquare Group did not make a payment to me. NOW,I NEED HELP
I am exposing the issues I encountered with withdrawals from the Msquare Group Forex platform, where they deceived customers. The main issues are as follows: After I cleared my account, Msquare Group sent me a payment screenshot, informing me that they had made a payment to me. However, it has been 18 days since then, and I have still not received the funds I withdrew. Upon careful examination of the payment screenshot sent by Msquare Group's customer service, I identified three suspicious points. The first is the date; I requested the withdrawal on August 14th, and Msquare Group supposedly made the "payment" on the same day, but the screenshot shows the date as August 16th. The second issue is with the numeric expression; my withdrawal amount was $41,401.55 USD, and the screenshot also shows 41,401.55 USDT. However, we know that on the platform it should be displayed as 41,401.55 USDT (with a comma), which is another discrepancy. The third and most crucial issue is with the TXID value; when I checked this value on https://www.oklink.com/zh-hans/trx/tx/, it showed that the recipient's address was not mine and the amount was not what I had withdrawn—a TXID corresponds to a single transaction. In conclusion, I am certain that after I completed my withdrawal, Msquare Group Photoshopped a payment slip and sent me a screenshot of it. In reality, Msquare Group did not make any payment to me. Hereby, I expose these facts in hopes of getting help. Thank you. (Currently, Msquare Group's customer service has blocked my contact method, which clearly shows their guilty conscience.)
My MSquare account has been suspended and I cannot reach customer service. It's easy to desposit, but when I want to withdraw, I was blocked. It's totally scam. I hope the victims can unite and jointly safeguard our rights and interests.
They inexplicably asked me to verify my account. Because I didn't input the correct amount for verification, they didn't allow me to pass and took my funds, then asked me to deposit again. Due to not depositing in time, my account was permanently banned. The customer service also did not provide any follow-up solutions.
I joined the MSquare group recently and I have deposited 4 times with only 100USD withdrawan so far. I withdraw 1000USD after my third deposit and I was notified by customer service that my withdrawal is being reviewed. Later I am asked to deposit 30% of the total funds to complete one time verification as my account is identified as robot account after which I will have normal access to withdrawals. I deposited and verified as advised. After few days I again initiated withdrawal of 2000USD and same thing happened. I was again asked to deposit the funds and complete verification to have normal withdrawals. The group said as per audit results my account is stolen and not operated properly. I requested the online CS team to send me the audit reports who has stolen my account but they didn’t sent me. I even sent mails to the management of the company to get the issues sort out but it never happened. I didn’t get the logic why I need to verify and deposit the funds again and again
Msquare Group's Forex platform staff used TikTok to gain the trust of potential investors under the guise of offering a side job. They taught them how to operate the Forex platform step by step, gradually encouraging investors to inject funds into the platform. However, while depositing was easy, withdrawing turned out to be difficult. After clearing my account, Msquare Group sent me a so-called "payment slip" screenshot, claiming they had made the payment. However, it has been 23 days since then, and I still haven't received my withdrawn funds. Upon closely examining the payment screenshot provided by Msquare Group's customer service, I identified three discrepancies: First is the date; I requested a withdrawal on August 14th, and Msquare Group also claimed to have paid me on that day. However, the screenshot shows the date as August 16th. The second issue is with the numerical expression; my withdrawal amount was $41,401.55 USD, and the screenshot also shows 41401.55 USDT. However, we know that on their platform it would be displayed as 41,401.55 USDT (with a comma). The third and most crucial discrepancy involves the TXID value; using https://www.oklink.com/zh-hans/trx/tx/, I found that the recipient address in the TXID value given in their screenshot is not my address, nor does it match my withdrawal amount. In conclusion, I am certain that after I completed my withdrawal request, Msquare Group Photoshopped a "payment slip" and sent me a screenshot of it. In reality, Msquare Group did not make any payment to me. Hereby I expose this fact and seek help to recover my losses. Thank you. (Currently Msquare Group's customer service has blocked my contact methods, which further proves their guilty conscience.)
| MSquare | Basic Information |
| Company Name | MSquare |
| Headquarters | Australia |
| Regulations | Not regulated |
| Account Types | STP Pro，Commission，Standard |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:3000 |
| Spreads | From 3.0 pips |
| Customer Support | Email （info@msquarefx.com） |
MSquare, based in Australia, offers three account types: STP Pro, Commission, and Standard. Despite its Australian headquarters, the broker operates without regulatory oversight. MSquare targets various trading preferences through its diverse account offerings.
MSquare currently operates without regulatory supervision. This lack of regulation means the broker is not subject to oversight and guidelines typically imposed by financial authorities. Traders should be aware that this absence of regulation may expose them to additional risks and reduce investor protection.
MSquare presents a mix of advantages and drawbacks. The broker offers demo accounts, allowing traders to practice strategies risk-free. Additionally, MSquare claims to provide round-the-clock support. However, the lack of regulatory supervision is a significant concern. Paradoxically, while round-the-clock support is listed as a pro, limited customer support options are noted as a con, suggesting potential inconsistencies in their service offerings.
| Pros | Cons |
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| Account Type | Minimum Deposit | Maximum Leverage | Spreads |
| STP Pro Account | $100 | 1:3000 | From 3.0 pips |
| Commission Account | $100 | 1:3000 | From 3.0 pips |
| Standard Account | $100 | 1:3000 | From 3.0 pips |
MSquare offers three account types: STP Pro, Commission, and Standard. All accounts require a minimum deposit of $100, making them equally accessible to traders. This unified minimum deposit across account types simplifies the choice for new traders while still offering varied features to suit different trading styles.
MSquare provides exceptionally high leverage across all its account types. The STP Pro, Commission, and Standard accounts all offer a maximum leverage of 1:3000. This high leverage can significantly amplify both profits and losses, making it suitable for experienced traders but potentially risky for novices.
MSquare maintains consistent spread offerings across its account types. The STP Pro, Commission, and Standard accounts all provide spreads starting from 3.0 pips. This uniformity in spread structure simplifies comparison between account types, allowing traders to focus on other differentiating features when selecting an account.
MSquare's customer support is primarily accessible via email atinfo@msquarefx.com. This email-based support system serves as the main channel for clients to seek assistance, ask questions, or resolve issues related to their trading accounts and activities.
In conclusion, MSquare offers high-leverage trading accounts with uniform minimum deposits and spreads. However, its lack of regulation is a significant concern. While the broker provides demo accounts and claims 24/7 support, the limited customer support options and regulatory issues are important factors for traders to consider.
Is MSquare regulated?
No, MSquare currently operates without regulatory oversight.
What is the minimum deposit required to open an account with MSquare?
The minimum deposit for all account types (STP Pro, Commission, and Standard) is $100.
Does MSquare offer demo accounts?
Yes, MSquare provides demo accounts for traders to practice their strategies risk-free.
Trading online carries inherent risks, including the potential loss of your entire investment.
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2024-12-09 12:00
2024-12-03 17:40
