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.
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