ANSWER Dear Investor,
We do not recommend using the trading platform of MFM Group, as it is not a safe and reliable broker.
MFM Group does not provide any regulatory certificates. It merely claims to be registered in St. Vincent and the Grenadines (SVG) and to have a physical address in Hong Kong. First, while we did find the entity MFM Group Limited in the registry of Financial Services Authority (FSA) of Saint Vincent and the Grenadines, this registration only represents an International Business Company (IBC) incorporation and does not mean it holds a broker's license. Second, the Securities And Futures Commission(SFC) has no information regarding this company, meaning its operations in Hong Kong are not supervised or approved by local regulatory authorities.
Therefore, MFM Group is actually unregulated and poses extremely high risks. We strongly advise you to avoid any dealings with this platform.
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