Dear Sir or Madam, thank you for reaching out to us regarding broker MFM Securities. We have confirmed this broker is a scam.
As per information we have about this broker, it claimed to operated by MFM Securities Limited, a company registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA). We did find match results to MFM Securities in SVG FSA's registry. But please be informed that the SVG FSA does neither issue forex licenses nor regulate brokers offering forex activities. In addition, the Malaysia Securities Commission (SC) has added MFM Securities to warning list in 2021 for its carrying on unlicensed capital market activities of dealing in securities. More importantly, we discovered that the domains "mfmsecurities.com" and "mfmbroker.com" are not working now, which is a bad sign for brokers. Therefore, MFM Securities is a scam and under no financial regulations. It is very risky to let unlicensed brokers like MFM Securities to hold and control investors' funds and to trade with them. We would recommend staying away from unlicensed brokers and trading with fully regulated brokers.
Regarding your question, the information provided in your inquiry is somewhat insufficient. Could you please provide more details about this problem or leave your contact information such as WhatsApp number or Email address for a further conversation? Thank you.
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