MCT98 (mct98.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: download.mct98.com.
MCT98 (mct98.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Segregated accounts|Detailed reporting|Low minimum deposit|Smooth onboarding
Cons: Slow to add new assets|Minor UI glitches occasionally
The spread at MCT98 (mct98.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Tax reports included|Competitive fees|Multi-device support|Excellent charting
Cons: Limited demo account features|Account statements could be more detailed
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. MCT98 (mct98.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Intuitive for beginners|Great customer service|Full transparency|Personal attention
Cons: Account statements could be more detailed|Desktop app not available on Linux
The only good thing about MCT98 (mct98.com) is that they remind you why regulation matters. I found them through my accountant's suggestion. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Dividend tracking|Two-factor authentication
Cons: No crypto staking
My withdrawal request from MCT98 (mct98.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: High security standards|Transparent fees|Smooth onboarding
Cons: Limited social trading features
After for the past year and a half with MCT98 (mct98.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Quick verification|Low minimum deposit|Professional team|Economic calendar
Cons: Slow to add new assets|No live chat on mobile
I experienced a security concern with my MCT98 (mct98.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Comprehensive tools|Intuitive for beginners|Fast deposits
Cons: Desktop app not available on Linux|Some tools only available on higher tiers
The reporting at MCT98 (mct98.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Clear documentation|Good mobile app|Automated trading options|Quick verification
Cons: Alert system is basic
If you are reading this considering MCT98 (mct98.com) - run. I wish I had read more negative reviews from a review site like this one. I thought the positive ones were real. Maybe some are. My experience over for the past year and a half has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Stable platform|Good mobile app|Responsive team
Cons: None so far|Wish they had more educational resources
I signed up with MCT98 (mct98.com) after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Automated trading options|No hidden fees
Cons: Wish they had more educational resources