ANSWER Management Group is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.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 doesn't comply with the local laws and the products and services it offers are illegal.Regarding your quesion, Management Group is an illegal broker. It is a fraudulent trading platform that carries significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors' interests. Therefore, we strongly encourage investors to stay away from unlicensed brokers like Management Group and instead choose a fully regulated one to mitigate such risks.
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