
On June 30, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Management Group, stating that this broker is not entered in its commercial register: https://www.finma.ch/en/finma-public/warning-list/management-group/
Management Group claims to be registered in Switzerland, where brokers are required to be authorized by the Swiss Financial Market Supervisory Authority (FINMA). However, the FINMA has issued a warning against Management Group, stating that the trading platform is not in its commercial register.
In essence, Management Group is not regulated by any governing 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.
Management Group claims to be registered in Switzerland, where brokers are required to be authorized by the Swiss Financial Market Supervisory Authority (FINMA). However, the FINMA has issued a warning against Management Group, stating that the trading platform is not in its commercial register.
In essence, Management Group is not regulated by any governing 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.
BrokersView found that the domain "https://www.managergrps.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.managergrps.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.