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MBFX

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Operating status: SCAM

Website: https://www.mbfx.co/

Broker violations and abnormal records
  • 2022-08-17 BrokersView has Reviewed that MBFX is an Unregulated Forex Broker

    MBFX is not a reliable broker for traders even though it states offers that look good to be true. MBFX claims to be a regulated award-winning broker and presents its award earned from 2016 to 2021. But when we checked its domain, we found it was newly created on 24 May 2022. So how could it earn those awards from 2016 to 2021? It is a red flag here.

    Besides, MBFX claims to follow the laws and regulations of several regulatory bodies, including:

    1) The UK Financial Conduct Authority (FCA);

    2) The Cyprus Securities and Exchange Commission (CySEC);

    3) The Vanuatu Financial Services Commission (VFSC).

    However, we did not find any match results to MBFX in the above three watchdog registries. The regulatory info is a false statement for unsuspecting investors. The truth is that MBFX is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    MBFX is not a reliable broker for traders even though it states offers that look good to be true. MBFX claims to be a regulated award-winning broker and presents its award earned from 2016 to 2021. But when we checked its domain, we found it was newly created on 24 May 2022. So how could it earn those awards from 2016 to 2021? It is a red flag here.Besides, MBFX claims to follow the laws and regulations of several regulatory bodies, including:1) The UK Financial Conduct Authority (FCA);2) The Cyprus Securities and Exchange Commission (CySEC);3) The Vanuatu Financial Services Commission (VFSC).However, we did not find any match results to MBFX in the above three watchdog registries. The regulatory info is a false statement for unsuspecting investors. The truth is that MBFX is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

MBFX is a total SCAM!!!

Rana Nasir Majeed
Italy
2025-04-14
ANSWER Dear Investor, MBFX has been in operation for some time, and we flagged it as a scam as early as 2022. We understand the distress and frustration this situation may have caused you. We strongly recommend filing a complaint with your local authorities as soon as possible. Additionally, we encourage you to share your complaint on our platform. Our dedicated team will thoroughly review your case and strive to identify any potential solutions or offer helpful advice. We would also like to highlight the existence of recovery room scams that target victims of investment fraud. These fraudsters often claim they can retrieve your lost funds for a fee. In reality, they exploit victims' urgency to recover their money, only to defraud them further. Please remain vigilant and avoid any offers from such scams to protect yourself from additional financial losses.
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Is MBFX a scam?

Graham Hall
United Arab Emirates
2024-12-10
ANSWER Dear Investor, Thank you for your trust in our platform. We have marked MBFX as a scam as early as 2022. MBFX currently claims to be registered in St. Lucia and to have a physical office in the UAE. It solely relies on its offshore registration to appear legitimate and compliant. However, St. Lucia doesn’t license forex trading activities and provides lax regulation and minimal protection for investors as an offshore area. Without any other valid licensing information, MBFX remains unlicensed and unsupervised, rendering its offerings illegal. We have already received complaints from clients of MBFX about their fraudulent practices. Therefore, we strongly suggest you avoid using MBFX. It is critical to do thorough research on your target broker instead of accepting what they claim at face value.
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1 comments

Talha Muhammad
MBFX is a confirmed scam run by fraud youtuber you all know. If you are reading this review the fraud youtuber convinces to put more money instead of the available equity you have. Then if you choose to trade and make profit, they stop your funds from withdrawing. Then starts time to pray to god continuously for weeks until the youtuber is acting like he is doing you a favor by answering you back. Then comes a deal on the table, either forfeit all your profit and withdraw your funds originally what you deposit or take monthly 1000 from them. They will never pay you your money, and make sure you lose. Scam 100%. The youtuber is so scared that he disputed this review so I remove his name. The initials are A F B. All of you know already but he is a scammer, cheater, and a lying manipulative person. He is running mbfx himself. There is video proof on youtube.
2025-02-13
1
Reply
CommerceMan
Yes, he is big scammer, they don't give withdrawal, looted many people scammed more than 2million USD. FIA gathering information, soon they will catch him.
2025-04-07
Reply
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