Review of Mn Lot Company
Mn Lot is an internet company offering online trading on six markets: currency, metals, stocks, commodities, indices, and cryptocurrency. Trading is done through CFDs on the company’s proprietary platform.
The company claims to have started providing services in 2017, but as of March 2021, its website mnlot.com is unavailable.
Mn Lot claims to be a licensed and regulated broker with support from organizations such as FCA, ASIC, and CySEC. However, scanned copies of regulatory documents are not provided on the website.
According to statements, Mn Lot is registered in Belize, an offshore zone that exempts non-resident companies from taxes.
The broker claims to serve 160,000 trading accounts and provide round-the-clock support.
Trading Conditions of Mn Lot
Mn Lot offers a low threshold to start trading, 24/7 quote updates, and a powerful graphical interface. Over 200 trading instruments are available, including currency pairs, metals, cryptocurrencies, indices, stocks, and commodities. Order processing speed is instant.
Users are offered three steps to start trading: registration, selecting a tariff, and making a deposit.
The registration form requires entering a name, surname, email address, phone number, and password. Users are also prompted to enter a promo code and review the company’s rules.
Tariff plans include Silver, Gold, and VIP, offering different conditions and benefits.
The Mn Lot trading platform is developed in-house and is not available for viewing or testing on demo accounts.
The company emphasizes that partnering with them allows the use of various tools for investment diversification, receiving updated quotes 24/7, and using an online calculator to calculate deal efficiency.
Account Funding and Withdrawal from Mn Lot
Specific payment methods are not specified on the website, but it is assumed that standard channels such as credit/debit cards and e-wallets are supported.
Information on fees and timelines for crediting funds to the account is also missing, but the “Refund Policy” document contains answers to financial questions.
To withdraw funds, the same method as for depositing must be used, and the details must match. Processing times are not specified.
The company reserves the right to charge additional commissions, but the amount and reasons are not disclosed.
Conclusion on Mn Lot
Mn Lot offers standard trading conditions but has drawbacks such as the absence of scanned copies of licenses, ambiguity regarding registration in an offshore zone, insufficient information on payment methods, and low informativeness of the website.
Reviews of Mn Lot are mostly negative, with complaints about withdrawal issues and commission charges. It is recommended to consult a financial expert before registering on such websites to protect your funds.