Mestieriplaza

Today, the subject of our review is another fraudulent project called Mestieriplaza. It simulates activities of a CFD broker, attempting to attract clients with flexible trading conditions to increase profitability of transactions, enhanced security of trading and non-trading operations, professional support, and the quality of educational materials. However, experienced traders quickly realize that the platform is hardly distinguishable from dozens of other scammers. We aim to assist those who are not yet able to independently recognize the danger of losing all invested funds.

Overview of Mestieriplaza

Choosing the right CFD broker for a trader is primarily the result of thorough research into all available information about it. The best source of data for initial acquaintance is the company’s web services and, of course, its official website. Let’s see what Mestieriplaza reveals about itself.

Broker History

Mestieriplaza is a verbose broker, and it does not shy away from praising itself. We hoped that it would provide comprehensive and interesting words about its origin, history, achievements, and plans.

Unfortunately, our hopes were dashed, as this topic is not covered on the project’s official website. It seems that the creators of the platform simply have nothing to say on this matter. We will try to find out the real reason for this as we continue writing the review.

This approach cannot be considered a direct sign of a fraudulent project. However, we know that it is more characteristic of scammers. Legally regulated platforms seize every opportunity to talk about themselves, their history, and their team to gain a little extra trust from users.

Mestieriplaza.com Website

The broker’s official website greets visitors with the aforementioned verbose texts and an animated banner that seemed somewhat inappropriate for illustrating the company’s slogans. Let’s be clear: both the design and content leave much to be desired. In its appearance, developers at Mestieriplaza couldn’t find a unified style, making the pages interesting and memorable.

The content is even worse. Authors of the texts for Mestieriplaza excel at elaborating on their thoughts but seem to have no idea what their readers expect. For instance:

• On the Deposits and Withdrawals page, the text contains many beautiful and correct words, but there is no list of available payment methods and conditions for monetary transactions. Yet, this information is crucial for traders.
• The Regulation page wonderfully and very detailedly describes how the regulated broker Mestieriplaza operates fairly. However, the creators did not mention which regulator oversees its activities and did not provide license details (let’s say it’s an oversight).
• Regarding the trading terminal, they spared no effort listing its advantages and providing elaborate descriptions. However, not a single specific software characteristic was found on this page.

This can be said about each of the two dozen pages on Mestieriplaza’s official website. It’s evident that the website was created to cater to typical scammers. Many promotional statements and a complete lack of knowledge or disregard for the interests of users — this is their hallmark.

Registration Process and Personal Account

Another example of Mestieriplaza operating without adhering to any standards or regulatory requirements is a registration process for new clients. The broker suggests filling out a simple form.

Prospective clients are required to fill in the following fields in the form:

• First and second name.
• Email and phone number.
• Country of residence.
• Authorization password.
• Promo code.

Clicking the form submission button implies the user’s automatic agreement with the Terms & Conditions and Privacy Policy.

Regulated brokers typically request much more information during registration. For instance, they usually require the user’s residential address and, in most cases, the completion of a questionnaire to assess the client’s experience in trading and investing, as well as the source of funds for account replenishment.

There is a more significant difference: legally operating companies never make the presence of a promo code a mandatory condition for registration. The inability to create an account without entering one is a clear sign of a scam project. In essence, Mestieriplaza is already proving at this stage that regulation of activities, transparency, and fairness are just beautiful words. In reality, they attempt to lure traders to a scam broker who is only interested in the funds in clients’ accounts.

We did not reach out to the support service of this scam project to inquire about a promo code. Even without doing so, it’s clear that obtaining it would only be possible by demonstrating a willingness to collaborate with the company and fund the trading account. This is actually one of the main ways pseudo-brokers attract clients. Seasoned traders are unlikely to find anything so compelling in Mestieriplaza’s offerings that it would prompt them to become clients of this particular company.

Unfortunately, this broker’s approach limited some of our capabilities. For example, we couldn’t access the client’s workspace to analyze its functionality, conditions, and execution of certain operations (such as financial transactions).

Trading Platform

Without an active client account with Mestieriplaza, it’s not possible to form an opinion on the trading platform. However, we were fortunate. During our internet search, we unexpectedly obtained the address of the trading server on which this software operates: https://webtrader.mestieriplaza.com/. The direct login form on the trading server turned out to be familiar. Although we couldn’t log in, the appearance and a partial screenshot of the terminal allowed us to draw a conclusion – the pseudo-broker is using a platform produced by Easy Technologies.

The problems with this web application are well-known, including:

• Inconvenient organization of the list of trading instruments: Traders have to waste time selecting the next asset for analysis and trading due to the cumbersome arrangement of the list.
• Limited set of graphical analysis tools: Such a list forces market participants to abandon some trading systems and reduces the accuracy of decision-making.
• Inability to automate trading: The platform does not allow creation and connection of trading robots, and users cannot develop and add custom indicators.

However, the most significant issue with Easy Technologies’ software, according to traders, is the broker administration’s ability to interfere with the quote stream. This is precisely why the software has gained widespread recognition among scammers like Mestieriplaza, resulting in a plethora of low ratings and negative user reviews.

Contacts

There are also quite a few questions about the Mestieriplaza Contact Us page. It contains:

• Feed-back form.
• Phone numbers: +442038666790, +442038666791.
• Office address: 14 Canada Square, London E14 5AX, United Kingdom.

It seems like there are several issues with this set. Let’s try to clarify:

• This is not the first scam broker that lists the address, 14 Canada Square in London. We are far from thinking that all owners of dubious projects are offered spaces in this building. More likely, all these sites belong to the same group of scammers. Another assumption: it is more difficult to check real estate tenants in this building than at other similar addresses.
• Despite having an office and phone numbers, Mestieriplaza does not disclose an email address. Is it really impossible to find someone among the staff who could set up an email server, which is included in the vast majority of hosting provider plans and does not require additional payment?
• There is not a single link to social media on the page. A modern broker like Mestieriplaza, without any social media accounts, raises suspicions. Typically, this indicates that such a company simply does not exist.

As we can see, even in the simplest situations with the publication of contacts, Mestieriplaza can demonstrate its affiliation with scam projects. We have almost no doubts about this.

Analysis of Services Offered by Mestieriplaza

The choice of a broker largely depends on its ability to provide quality service and favorable trading conditions. The next section of our review is dedicated to analyzing precisely these offerings by Mestieriplaza.

Funding and Withdrawal

The creators of Mestieriplaza chose not to mention anything about payment methods and conditions for non-trading operations. Only after carefully reading all the texts on the official website pages, you can gradually gather information that the following methods are used for settlements:

• Wire transfers.
• Debit or credit cards.
• Other methods.

Unfortunately, we were unable to assess features of depositing and withdrawing funds in the client’s personal account. However, there is almost no doubt that the broker either prefers transactions in cryptocurrencies or finds a reason to provide payment details to each user individually. Our opinion is based on the experience of observing scammers, from whom transparent monetary operations are not to be expected.

Mestieriplaza Trading Conditions

We had doubts that the broker would publish detailed trading conditions. Most scammers do not do this to avoid discouraging traders who may quickly assess the offerings.

Our assumptions have been fully confirmed. Mestieriplaza offers 7 standard types of accounts, and for each of them, it only specifies the minimum deposit amount. It is as follows:

• Bronze — €10,000.
• Silver — €25,000.
• Gold — €50,000.
• Platinum — €100,000.
• Diamond — €250,000.
• Premium — €500,000.
• VIP — €1,000,000.

Other characteristics that owners of the scam broker either do not know or have decided not to provide. Indeed, why should Mestieriplaza clients know, for example, the leverage, spread sizes, or swaps? In any case, their money will immediately be at the disposal of scammers after depositing an account, and what will happen with virtual amounts on the terminal screen is entirely irrelevant.

From the company’s perspective, it is much more rational to include a list of options in the type of accounts table that would attract traders with limited trading experience. Educational materials, position support by specialists, and the possibility of making insured transactions would certainly appeal to such traders. Mestieriplaza has adopted this approach, even though these offerings are not easily categorized as trading conditions.

Unique Features

Mestieriplaza has a proposal that can be considered unique, at least among scam brokers. Its clients can open Islamic accounts. The conditions for this, naturally, remain a secret. However, owners consistently promise to do everything to ensure that clients gain competitive advantages. What will replace swaps for users until the account is opened and trading begins seems to be unnecessary information.

Is Mestieriplaza Trustworthy and Reliable?

To complete the portrait of a scam broker, we just have to make sure that even official information about the company does not pass scrutiny. We anticipate that Mestieriplaza will not disappoint us and will confirm its fraudulent nature.

Assessing Legitimacy

The creators of Mestieriplaza are so modest that they do not provide any information about the date and place of the company’s registration, not even its official name. In general, the only official information available is address and phone numbers in the United Kingdom. Let’s try to verify the broker’s information in the British databases.

As expected, the search on Companies House did not yield any results. Considering that there is no other information about the company’s geography on the website at all, it is logical to assume that Mestieriplaza did not undergo official registration. This, in turn, implies a complete absence of a license and engagement in illegal brokerage activities.

Established Track Record

Now, to clarify the question that arose at the very beginning of the review — how long the broker has been in existence. The answer will be provided by the domain registration date, which can be easily found in the WHOIS data.

As we can see, it appeared exactly a month ago (from the date of writing this review). It’s not surprising that the owners of Mestieriplaza refused to provide any historical information.

Traders, take note! A scam at this age is actively building its client base. Be cautious, ignore the broker’s offers, no matter through which channels they come.

Implications for Traders

Thus, Mestieriplaza is undoubtedly a project created by scammers to attract and unlawfully obtain money from traders. This is evidenced by opaque trading and non-trading conditions, a problematic trading terminal, and, most importantly, the lack of official registration and a license. It is not advisable to give money to scammers, and it is better to steer clear of this platform.

Strengths and Weaknesses