ANSWER Dear Investor,
We must advise you that Mina Group FX is not a safe or reliable platform.
Mina Group FX claims that its company, Mina Group Fx LTD, is registered and regulated in Saint Lucia, and provides a so-called license number. In reality, this number is highly likely just its registration number with the Saint Lucia International Financial Centre (IFC). Although we did find this company in the Saint Lucia IFC registry, this merely indicates that it is registered as an International Business Company (IBC) and does not hold any forex-related licenses.
Currently, there is no regulatory authority in Saint Lucia that oversees forex trading. The Saint Lucia IFC does not regulate forex nor issue licenses for it. Therefore, it is evident that Mina Group FX is not actually authorized and is highly likely misleading traders. We advise investors to avoid choosing such brokers for trading.
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