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MBBO

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Operating status: SCAM

Website: https://mbbo11.vip/; https://mbbo2.vip/

Broker violations and abnormal records
  • 2023-04-25 BrokersView has reviewed that MBBO is an unregulated broker

    While MBBO claims to be operated by Coinftx, a company with headquarter in Singapore and operation centers in the United States, South Korea, and Hong Kong, our research has found no evidence to support its legitimacy in forex markets. Especially, we would like to emphasize that in the US, the authority to regulate futures and derivative markets rests with the National Futures Association (NFA). Brokers operating in the US must be an NFA member in order to offer financial products or services legally. As such, the licenses this broker provided, including the MSB license by the Financial Crimes Enforcement Network (FinCEN) and the registration certificate, don't necessarily indicate a broker's legitimacy. We searched for MBBO on the NFA website but did not find any matching records, indicating that MBBO is illegally engaging in forex activities. 

    In essence, MBBO is not overseen by any recognized financial regulatory body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    While MBBO claims to be operated by Coinftx, a company with headquarter in Singapore and operation centers in the United States, South Korea, and Hong Kong, our research has found no evidence to support its legitimacy in forex markets. Especially, we would like to emphasize that in the US, the authority to regulate futures and derivative markets rests with the National Futures Association (NFA). Brokers operating in the US must be an NFA member in order to offer financial products or services legally. As such, the licenses this broker provided, including the MSB license by the Financial Crimes Enforcement Network (FinCEN) and the registration certificate, don't necessarily indicate a broker's legitimacy. We searched for MBBO on the NFA website but did not find any matching records, indicating that MBBO is illegally engaging in forex activities. In essence, MBBO is not overseen by any recognized financial regulatory body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-07-27 The Malaysia SC has adds MBBO to its alert list

    The Malaysia Securities Commission (SC) has added MBBO to its alert list, saying it is operating a digital asset exchange (DAX) without registration. https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list

    The Malaysia Securities Commission (SC) has added MBBO to its alert list, saying it is operating a digital asset exchange (DAX) without registration. https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list

Related Complaints

Q&A Complaints

RM5000

Marvinkl Raj
Malaysia
2023-04-26
ANSWER Dear Sir or Madam, thank you for bringing MBBO to our attention. After conducting a thorough investigation, we can confirm that MBBO is a scam broker.While MBBO claims to be operated by Coinftx, a company with headquarter in Singapore and operation centers in the United States, South Korea, and Hong Kong, our research has found no evidence to support its legitimacy in forex markets. Especially, we would like to emphasize that in the US, the authority to regulate futures and derivative markets rests with the National Futures Association (NFA). Brokers operating in the US must be an NFA member in order to offer financial products or services legally. As such, the licenses they provided, including the MSB license by the Financial Crimes Enforcement Network (FinCEN) and the registration certificate, don't necessarily indicate a broker's legitimacy. We searched for MBBO on the NFA website but did not find any matching records, indicating that MBBO is illegally engaging in forex activities. In essence, MBBO is not overseen by any recognized financial regulatory body.Regarding your question, we recommend you to file a complaint here to provide more evidence about this scam such as account details and their contact information. Our team will work as a third party at no cost to assist you in contacting MBBO and help you to the best of our ability. Thank you for bringing this to our attention, and please feel free to contact us if you have any further questions or concerns.
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Will MBBO charge transaction fees if im not a local customer?

Berlliss
Malaysia
2023-05-05
ANSWER MBBO is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.While MBBO claims to be operated by Coinftx, a company with headquarter in Singapore and operation centers in the United States, South Korea, and Hong Kong, our research has found no evidence to support its legitimacy in forex markets. Especially, we would like to emphasize that in the US, the authority to regulate futures and derivative markets rests with the National Futures Association (NFA). Brokers operating in the US must be an NFA member in order to offer financial products or services legally. As such, the licenses this broker provided, including the MSB license by the Financial Crimes Enforcement Network (FinCEN) and the registration certificate, don't necessarily indicate a broker's legitimacy. We searched for MBBO on the NFA website but did not find any matching records, indicating that MBBO is illegally engaging in forex activities. Regarding your question, we strongly suggest you avoid dealing with MBBO since it is an unregulated broker. Entrusting this broker with your funds or personal details is highly risky, as there are no legal protections in place to safeguard them. Therefore, investors are advised to stay away from unlicensed brokers like MBBO and to opt for fully regulated ones instead.
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16 comments

Valerie GOh
How can I withdraw my money from Mbbo?
2023-05-14
3
Reply
John
How to withdraw my money from mbbo2 vip
2023-05-01
3
Reply
Rajashree Raul
How I get my profits from this website mbbo3.vip pls don't scam poor peoples returns all profits from your freelancer company do t do that with simple poor peoples are hardworking for oye family pls return all amount them n my also
2023-06-04
2
Reply
Partha Debbarma
MBBO2 not withdrawal what to do
2023-05-21
2
Reply
Sushant Mohite
This is fake. I lost my 1,45,000/-. They return small amount initially and once you believe on them, they give you high amount tasks. They are creating groups and shows other's are earning profits but group creation and all is planned. Please register official complaint if you are trapped.
2022-08-12
2
Reply
Sourav Sain
Have any one tried withdrawing money from the trading website giving his own account details on withdraw address?? I think i got scammed today.. They are holding my money saying if all the group members will do the task or pay then only i can get my profits.. It is showing in mbbo app that i have deposited. Have anyone tried to withdraw it giving their own bank address or account number in the withdrawal section.. I am just asking
2022-08-16
1
Reply
Kumar vk
I have lost so many lakhs of money in this MBBO they contacted me in telegram as a part time job and shown intrest as to get 30 percent profit….Please tell me how to raise a complaint…. Please sor
2023-12-11
Reply
Abdull Eeman
I also faced the same issue first I received a cash back for 1000 than received cashback for 5000 now I have deposited 1.25 lacs and can’t withdraw now they are saying to continue the task and deposit 2 lac rs more than only I can withdraw my money Can anybody tell me that do they received a complete bank details along with ifsc code to deposit the money
2023-09-26
Reply
Kuldip Pathak
Its fake .I lost 51000.how they get our number.its very surprising to see.everybody should share online media.if we share this thing no more again trap in future.
2023-09-24
Reply
Raveena Sodhi
I also lost my money 70000
2023-08-23
Reply

1-10 of 16 comments

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