Maunto, Datawave Tech Ltd — Lost $8, 000 to maunto forex scam telegram advisor, upi/credit card deposits, fsra confirms not regulated

Address: Registered office address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

Website: www.maunto.com

I’m writing this to recover my loss, alert others and connect with fellow victims of a trading scam by Maunto (https://maunto.com), a CFD trading platform claiming to operate from Saint Lucia.

Their representative Miss Aliza contacted me on Telegram and gave trading instructions via Zoom and Telegram only. I was told to invest in large amounts via:

ICICI Credit Card

UPI transfers to unrelated third-party accounts (not in Maunto’s name)

When I asked to verify with a small $1 payment, they refused and insisted I deposit minimum $2, 500. None of the charges (swap/commission/fines) were disclosed in advance.

Eventually, I lost all $8, 000+. When I complained, they offered a $700 “settlement” and then closed the case when I didn’t accept.

I’ve already:

Received a reply from FSRA Saint Lucia confirming Maunto is not regulated or licensed

Filed with FIA Saint Lucia, ICICI Bank, Cyber Crime 1930, CID Gujarat

Registered on PGPortal (MEA grievance) and contacted the Indian High Commission, Trinidad

This is a serious cross-border fraud targeting Indian investors via social apps. Please avoid this platform and do not trust Telegram-based “trading advisors.”