Metamax although presents itself as a great opportunity for the investors to earn decent income, it seems to be totally unreal thing. Metamax offers various schemes which have been marked illegal by various financial authorities like The Phillippines SEC which says that the company is not authorized for accepting investments and it might be running a ponzi scheme and scamming people.
Coins.ph has also issued a warning against the Metamax Platform and asked its users to stay away from the scam. Let us read Metamax review in detail
Website: http://metamax.top/
Website Availability: NO
Official Address: NA
Regulation: Unregulated
Warned By: Securities and Exchange Commission (Phillippines)
Domain Status:
Domain Name: metamax.top
Registry Domain ID: D20230511G10001G_01295183-top
Registrar WHOIS Server: www.gname.com
Registrar URL: http://www.gname.com
Updated Date: 2023-07-20T10:37:09Z
Creation Date: 2023-05-11T14:46:03Z
Registry Expiry Date: 2025-05-11T14:46:03Z
What is offered by Metamax?
Metamax claims that it makes use of modern Web3.0 technology and makes big claims on social media platform. It claims that their business involves media content from television, film and other social channels. They offer packages from $90 to $1200 and promises users the profits of $3 to $40 daily. SEC’s Metamax Review says that the company is not registered to sell securities and a common sign of Ponzi scheme which involves using the money of new investors to pay earlier investors.
Metamax’s Facebook Page-
Metamax’s Facebook Page is https://www.facebook.com/profile.php?id=100093299446998. If one watches the people’s comments as Metamax Review to the posts of this page, it seems very clear that Metamax is a scam. Here are some of the comments to watch-
“The money cannot be withdrawn. I guess it’s a scam after all. Now they made discounts, new people logged in, bought packages, invested their money and… we have a scam 🙁. the money cannot be withdrawn. Money doesn’t transfer to the TronLink cold wallet for many hours either”
“Do not join the platform it is a scam no one is getting their money now you cannot withdraw anymore it was a Ponzi scheme”
“This is not a real platform, it is a fraud because it stole the money of the people of Afghanistan. After the discount, the people’s money has not been taken out since the 25th, and the Metamax Instagram account has also disappeared.”
“This investment platform broken our trust they scammed me and my friends, I invested with them a huge amount of money it was really frustrating cause I had invested with my savings.”
“I honestly feel so ashamed on behalf of these jobless scammers, cheating people for their hard earned money. And when they’re targeted, look how easily they gaslight the victim and start abusing. I hope all your page reach as many people as it can and teach them not to pick up calls from unknown scam phone numbers in the first place, so that they’re safe and don’t get scammed.”
Lack Of Regulation
This aspect is a big factor in the realm of negative Metamax review. It is evident from the Commission’s records that Metamax Asian Inc. is a registered member. However, as a corporation or partnership, Metamax is not registered with the Commission. Nevertheless, as Metamax Asian Inc. and Metamaxmax have not obtained prior license and/or registration from the Commission as required by Sections 8 and 28 of the Securities Regulation Code (SRC), they are not authorized to solicit investments from the general public.
Furthermore, the Financial Products and Services Consumer Protection Act (FCPA), also known as R.A. No. 11765, forbids the commission of “investment fraud,” which is defined as any form of dishonestly soliciting investments from the general public. This includes Ponzi schemes and other schemes that involve making contributions or promising profits from investments made by the investors themselves, as well as the offering or selling of investment schemes to the general public without first obtaining a license or permit from the SEC.
False Promises and High-risk Investments
Metamax, according to users’ Metamax Reviews is known for making big promises of large returns and quick riches, which can be very appealing to inexperienced traders. However, these claims are frequently inaccurate and carry considerable risks. Many traders complain that Metamax’s recommended techniques are not only unsuccessful, but also cause significant financial losses.
The broker’s aggressive marketing practices sometimes include enticing traders to invest in high-risk instruments without fully explaining the potential risks. This strategy can have disastrous repercussions for people who are not completely aware of the risks associated in such investments.
Metamax Review – Conclusion
Finally, this Metamax Review identifies numerous significant aspects that potential traders should examine before working with this broker. The absence of oversight and accountability, combined with numerous complaints and warning indicators, presents a negative picture of Metamax. The deceptive promises of big returns, along with the temptation to invest in high-risk instruments, heighten the concerns about this broker.
Be aware of scams like Forex Trading Scams, Cryptocurrency Scams, Romance scams, Pump and Dump Scheme, Ponzi Scheme, Investment Fraud, Fake Trading Platform, Phishing Attack, Robo-Advisors Scams, Binary Options Scam, etc.
If you have already fallen victim to Metamax, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back.
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Note: The Metamax review is influenced by existing reviews online. We are not responsible for any legal actions taken by any entity favoring Metamax.