The Official Website Of MplusFX Trading Is Currently Not Accessible Properly. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Purposes Only.
2022-06-27 We Have Confirmed After Review That MplusFX Trading Is An Unregulated Forex Broker
MplusFX Claims To Be A Regulated Company, But Does Not Provide Details About Its Regulation Or Necessary Legal Documents (terms And Conditions, Risk Disclosure And Privacy Policy, Etc.). Lack Of The Above Information May Be Characteristic Of Unlicensed Traders, As Compliance Dealers Always Display Their Certifications And Operating Licenses In A Conspicuous Position. This Is A Red Flag.
In Addition, MplusFX Shows That Its Company Address Is Located In Thailand. But According To The Information We Have, There Is Currently No Regulator In Thailand That Issues Licenses For Foreign Exchange Trading Operations Or Supervises Entities That Provide Foreign Exchange Services. This Means That MplusFX Is Not Regulated By Any Regulator. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since We Cannot Access The Broker's Website Now, We Cannot Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That MplusFX Trading Has Not Obtained Any Valid Licenses At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: MplusFX Trading As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
