Is MBFX a scam?

https://www.mbfx.co/

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.