Score

1.41 /10
Danger

TECHNOLOGY

United Kingdom

2-5 years

Suspicious Regulatory License

White label MT5

Regional Brokers

Suspicious Overrun

High potential risk

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Comparison

Quantity 35

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.24

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

TECHNOLOGY LATEST DEVELOPMENT CO., LTD

Company Abbreviation

TECHNOLOGY

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 32 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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Scam

Scam company

I can't withdraw, Namiko Yano, account manager Yuki Matsumiya won't let you withdraw. I have been deposited and paid the fee many times, but I still can't withdraw. Obviously, it is a fraudulent group. When you introduce a person, you will give them money. There is no doubt that it is shown at this point, and I do not understand the meaning of having to introduce a person in order to withdraw. Help me.

2022-02-05 21:29
Resolved

Although the company admits technology violation from United

The company has finally admitted that my $127,500 asset from December 8th, just before United went bankrupt, continues to be technology. The "default" that was approved and withdrawn from the account was also left unattended for five months. You can usually claim overdue interest. (Original case law). I've been fighting technology for four months. I paid a tax fee of 375,000 yen to a foreigner's borrowed account of Sumitomo Mitsui Banking Corporation. Buying and using an account in the name of another person is a criminal offense that both sides are exposed to the Code of Criminal Procedure. All of Sumitomo Mitsui Banking Corporation's borrowed accounts have been frozen. I have taken steps to prevent other borrowing accounts from being used in the future. Since it is said to pay tax, overseas Forex companies cannot pay national tax to customers in Japan. Since it is said to pay tax, overseas Forex companies cannot pay national tax to customers in Japan. I have taught many times the law that you can only pay by filing tax, but I will not listen to you. The account was frozen. I said. I have repeatedly explained the law that the account can be frozen only because it was involved in a crime, the person died, or there was a suspicion of money laundering. I will not listen to this either. I will charge the dollar in yen at random, but I do not think that the exchange rate will change from day to day. If you don't pay the price, you will be plainly saying that you will donate your assets to the Japan Finance Corporation. It also has a time limit. It's not a funny story, but a corporate customer center.

2022-04-11 05:54
    TECHNOLOGY · Company summary

    General Information

    Founded in 2010, TECHNOLOGY LATEST DEVELOPMENT CO., LTD (“Technology”) is a foreign exchange trading company registered and established in the United Kingdom.

    Regulation

    TECHNOLOGYLATEST is authorized and regulated by the NFA, with regulatory license number 0543372.

    Market Instruments

    Tradable financial instruments available on the TECHNOLOGYLATEST platform include forex currencies and precious metals.

    Minimum Deposit

    The minimum amount required for a Standard Classic Account is $2,000USD, which is absurdly high. Whats more ridiculous is that TECHNOLOGYLATEST recommends clients who have the financial ability to begin with an initial deposit of $10,000USD in order to exercise proper money management while trading.

    Leverage

    The maximum trading leverage offered by TECHNOLOGY is not mentioned on its website. Leverage can magnify returns as well as risks, it is essential for traders to learn how to use it and how to manage risks.

    Spreads & Commissions

    TECHNOLOGY hypes that it offers ultra-low spreads, but does not specify spreads on particular instrument.

    Trading Platform

    Technology offers MT5 trading platform. The TECHNOLOGYLATEST MT5 Client Terminal Platform is designed to give you the edge in today's busy trading environment, with live quotes, real-time charts, in-depth news and analytics - as well as a host of order management tools, indicators and expert advisors.

    Deposit & Withdrawal

    The available funding options working with Technology are:

    • Credit or Debit card deposits

    • Wire Transfers

    • Third party payment providers such as PayPal and Moneybookers

    Credit or Debit card deposits: There is a 4% processing fee. Wire Transfers: Typically, 15 – 25 USD charged by the bank. Third party payment providers such as PayPal: There is a 2.4% -3.9% processing fee.

    Customer Support

    Technology does not provide any telephone number and there is only a contact form. You can contact them by email: support@forextld.com, Line and Whatsapp.

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