ANSWER Montel Group is not a licensed or regulated broker even though it states offers that look good to be true. Montel Group claims that it is under the supervision of the US Financial Crimes Enforcement Bureau (FinCEN) with an MSB license, and is also registered in the US National Futures Association(NFA).However, please be informed that The FinCEN is not a regulatory authority, which means it does not regulate forex markets nor does it issue licenses for brokers engaging in such activities. When we searched in NFA, we found Montel Group is not overseen by NFA as it is not an approved member of the regulator. The truth is, Montel Group is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Montel Group and trade with licensed brokers.
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