Mandakinyu's Official Website Cannot Be Accessed Properly At The Moment. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-06-23 We Have Confirmed After Review That Mandakinyu Is An Unregulated Foreign Exchange Dealer
Mandakinyu Claims To Be A Licensed Dealer Regulated By The Seychelles Financial Services Authority (Seychelles FSA). However, We Found Any Regulatory Information In The Seychelles FSA That Matches This Broker. This Means That Mandakinyu Is Not Regulated By Any Regulatory Authority.
It Is Not Safe To Let This Dealer Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since The Broker's Website Cannot Be Accessed Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Mandakinyu Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Mandakinyu As A, Unregulated Broker, Which 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 Brokers As Much As Possible When Choosing A Broker.
