MFM Securities

Regulatory & Licensing Information:

Regulation and Licensing: MFM Securities claims to be registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA). However, the SVG FSA does not issue forex licenses or regulate brokers offering forex activities. Additionally, the Malaysia Securities Commission (SC) added MFM Securities to its warning list in 2021 for carrying on unlicensed capital market activities of dealing in securities. BROKERSVIEW User Reviews and Complaints: Numerous users have reported negative experiences with MFM Securities, including issues with fund withdrawals, unresponsive customer support, and unexpected account closures. These complaints are common indicators of potential fraudulent activities. BROKERSVIEW Warning Signs: False Regulatory Claims: MFM Securities falsely claims to be regulated by the SVG FSA, which undermines its credibility. Negative User Feedback: Multiple complaints highlight issues with withdrawals and customer service. Lack of Transparency: Limited information is available about the company's operations and management. Conclusion: Based on available information, MFM Securities exhibits several characteristics commonly associated with scam brokers. Potential investors are strongly advised to exercise caution and conduct thorough due diligence before engaging with this platform. It's crucial to choose brokers that are transparent, well-regulated, and have a positive track record in the industry