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mango trade

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ANSWER Dear Investor, We do not recommend opening an account on the Mango Trade platform due to its lack of reliable regulatory license information. Mango Trade claims that its company, DIGITAL SMART LLC, is registered in Saint Vincent and the Grenadines. However, upon checking the registration system of the local Financial Services Authority (FSA) of Saint Vincent and the Grenadines, we found that the company's registration status is listed as "Discontinued." This raises serious concerns regarding the ongoing existence and legitimacy of the company. Furthermore, even if the company's registration were still active, it would merely signify its incorporation as an International Business Company (IBC) and would not constitute holding any financial licenses. The SVG FSA has publicly stated that it neither regulates nor licenses forex trading activities. Therefore, Mango Trade operates without effective regulatory oversight, posing high risks. We strongly advise you to avoid engaging in transactions with such a broker to prevent potential financial loss.

Is Mango Trade a good trading platform?

Maiuta

Estonia

Nov 07, 2024

ANSWER Dear Investor,Thank you for your message. We've researched Mango Trade and believe it to be a scam.While Mango Trade claims to be based in St. Vincent and The Grenadines with a company number 898LLC2021, there are no corresponding records from the Financial Services Authority (SVG FSA). Even if it were true, Mango Trade would still be suspicious, as the jurisdiction doesn't license forex trading activities and provides minimal protections for investors.Therefore, we strongly suggest you avoid using Mango Trade to protect your funds and personal information. For a safer trading environment, it is recommended to opt for fully regulated brokers instead.

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.