ANSWER Dear Investor,
MintCFD claims to be based in India and operates as a brand name of MINTCFD LTD, primarily offering CFD trading services. The company states that it is regulated by the Labuan Financial Services Authority (LFSA) under License No. LL18171. However, our verification found no record of MINTCFD LTD in the LFSA’s official register of licensed entities, indicating that this license may be invalid or has been revoked.
Additionally, we checked the list of Recognised Intermediaries maintained by The Securities and Exchange Board of India (SEBI) and were unable to find any registration for this entity. This means MintCFD is not authorized to conduct securities-related business in India.
In summary, MintCFD appears to operate without regulatory oversight either in India or internationally. Given the lack of credible regulation and the potential risks involved, we strongly advise you to avoid engaging in any financial activities with this broker.
Lihat selengkapnya