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mashlol | 1 year ago

I watched the video but I wasn't fully sure what the scam was. Where it became unclear to me was where it transitioned from a chat to an app.

The app mentioned in his video (MetaTrader 5) is still up - and seems actually legit... at least I think?

So is the scam that they send links to fake versions of the app? How'd the reviews look legit then? Or is there some sort of scam they run on the app where they actually have control of your account?

EDIT: nevermind, I found this[1] post that explains it - the app connects to brokers and is not one itself. So they basically just make a fake brokerage and convince you to use it. So John Oliver's explanation was a bit lacking on that part, and misleading/incorrect about MetaTrader 5 itself.

[1] https://old.reddit.com/r/explainlikeimfive/comments/1b4070o/...

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