MBFX Review – Is MBFX a Scam Broker?
- Website: https://mbfx.co/
- Website Availability: Yes
- Address: 71-75 SHELTON ST COVENT GARDEN LONDON WC2H 9JQ, WC2H 9JQ, London, United Kingdom
- Warning: Not Recommended By Review Website Like Proupshot
- Domain Blacklisted Status:
- Name mbfx.co
- Registry Domain ID REDACTED FOR PRIVACY
- Registered On 2022-05-24T18:28:38Z
- Expires On 2027-05-24T18:28:38Z
- Updated On 2024-07-22T11:22:50Z
MBFX Review – A Closer Look at the Brokerage
MBFX is a regulated brokerage firm that is registered in Saint Lucia. It provides several trading instruments like Forex, Metals, Energies, Indices, Stocks, and Crypto; it also provides demo and live trading and claims to support the popular MT5 trading program. However, beyond the beautiful face of the offer lies a closer scrutiny that raises alarming red flags of serious concern over the legitimacy of the broker.
Suspicious Claims of Regulation
MBFX confidently announces that it is regulated and operates under the laws of several major financial watchdogs. However, a search in the official registries of the mentioned authorities yielded not a single result for MBFX. This puts the integrity of its regulatory claims into question.
- MBFX purports to be regulated but has no real proof of registration.
- Investors are allegedly tricked into believing their funds are safe, which is entirely untrue.
- The broker is unrecognized by any known financial regulatory agency.
Fake Awards and False Timeline
Yet another suspicious element in this MBFX review is the difference in the timeline for its claimed achievements. MBFX boasts of awards for which it was a recipient between the years 2016 and 2021. A simple domain lookup shows that the MBFX website was created only on 24 May 2022.
Red Flags in Timeline
- The domain was created in May 2022.
- In the time period for 2016-2021, the awards were all declared as fake.
- Shows clients an inaccurate impression of credibility.
This fake timeline is misleading and another evidence that MBFX might be deliberately misleading potential traders.
Investor Safety Concerns
All investors are now too reliant on the broker trap, which usually involves bluffing their regulation status to mislead clients. Funds held with MBFX are not have any legal protection for customers since it is an unregulated entity.
Why MBFX Poses a Risk
- There is no valid regulatory licensing house.
- Legal fund protection is no longer.
- It indulges claims of credibility and awards.
Final Verdict – MBFX Review Summary
In the end, MBFX does seem to provide great trading behavior in theory but as the truth sinks in, it gets very much diffused. False awards, phony regulatory claims, and inconsistencies in domain creation assuredly cement the point that MBFX is not safe to trade with. This MBFX review contains a warning to potential investors: Verify always before investing and never deal with misleading claims brokers.
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About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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