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What documents are required for register on Mango Trade?
Olga Molebatsi
Kazakhstan
2026-08-24
ANSWER 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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What is the fastest and easiest way to deposit on Videforex?
Indira Merino
Ireland
2026-08-21
ANSWER Dear Investor, We do not recommend trading with Videforex due to its lack of valid registration and licensing certificates. The platform has not provided any licensing or regulatory authorization information, merely mentioning that its alleged entity, INVOLVA CORP, is registered in the Marshall Islands. However, upon checking the Marshall Islands Registry (IRI), we found that this registration status has been annulled. Furthermore, even if it were valid, this registration merely signifies its incorporation as an International Business Company (IBC) and does not mean it holds any financial licenses. The Marshall Islands Registry is not a government agency, nor a regulator, and does not regulate forex trading activities. Therefore, Videforex is effectively operating without any regulatory oversight, and its corporate registration status cannot even be confirmed. We strongly advise you to avoid engaging in transactions with such a broker that lacks transparency and authorization to protect your financial security.
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Innovative Markets any good?
Artur Savvides
New Zealand
2026-08-14
ANSWER Dear Investor, Innovative Markets currently does not provide any regulatory or licensing information on its website, and even its basic company registration details have been removed. Previous investigations revealed that it once claimed to be registered in St. Vincent and the Grenadines. Although we did locate a seemingly related entity in the registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, its registration status has since been marked as cancelled. Furthermore, even if this registration were still valid, it would merely signify its incorporation as an International Business Company (IBC) and would not mean it holds any valid broker licenses. The SVG FSA has publicly stated that it does not regulate forex trading, nor does it issue forex licenses. Therefore, Innovative Markets is effectively operating without any regulatory oversight, and its company registration status is highly suspicious. We strongly advise you to avoid investing with such a broker to prevent the risk of being unable to withdraw your funds.
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Which do you recommend, raw account or standard account?
Antonia Bickford Santana
Marshall Islands
2026-07-29
ANSWER Dear Investor, We do not recommend trading with Intercontinental Securities Limited due to a lack of valid regulatory credentials. The broker claims to be regulated by the Financial Services Authority (FSA). Based on the registration number provided, this refers to the FSA of Saint Vincent and the Grenadines (SVG). Upon verification, we found that this registration has already been cancelled. Furthermore, even if the registration were still active, it would merely indicate its incorporation as an International Business Company (IBC) and does not constitute a valid financial license. The SVG FSA has explicitly stated that it does not regulate or issue licenses for forex trading activities. Therefore, the claim of being regulated by the SVG FSA is misleading, especially since the registration has been revoked. We strongly advise you to avoid trading with this platform, as your funds would be left entirely unprotected.
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Can I use debit card to deposit on binarymate account?
Sangwon Yongjin
South Korea
2026-07-24
ANSWER Dear Investor, Binarymate is highly suspected to be a fraudulent trading platform, and we do not recommend engaging in any transactions with them. The platform has not provided any regulatory information, merely claiming that its company, INVOLVA CORP, is registered in the Marshall Islands. However, our investigation revealed that the registration status of this company in the Marshall Islands Registry (IRI) has been annulled. This indicates that its registration is no longer valid and the company may already be experiencing operational issues. Furthermore, the Spanish National Securities Market Commission (CNMV) has issued a warning against this company, stating that it is providing investment services to the public without proper authorization. Therefore, we strongly advise you to avoid trading with this broker to protect your funds.
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I can't log in to the PowerRich website right now. Is it impossible to check the information?
Pomme Reysbosch
Panama
2026-07-24
ANSWER Dear Investor, We do not recommend having any dealings with the PowerRich platform. During our investigation, we found that PowerRich has not provided any verifiable regulatory or licensing information, merely claiming to be incorporated in the Marshall Islands. Upon searching the Marshall Islands Registry (IRI), we discovered that this registration has been annulled, which suggests that the company may already be experiencing operational issues. Furthermore, this broker has not obtained any authorization or valid licenses, posing a high risk of illegal operations. Therefore, we strongly advise you to avoid engaging in any transactions with this platform or sharing any personal information with them to protect your financial security.
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Is Amazingtick reliable?
Ellipsys Seegers
Luxembourg
2026-07-13
ANSWER Dear Investor, AmazingTick merely claims to be registered with the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) under MSB registration number M22620678. Upon verification, although we did find this record in the FINTRAC system and the registered website matches the AmazingTick platform, it is important to note that FINTRAC's primary function is solely to prevent and combat money laundering and terrorist financing. It does not have the authority to regulate forex, CFDs, or other financial derivative trading. Moreover, the FINTRAC registration status for this entity is currently shown as "Expired". Furthermore, AmazingTick has not listed any other regulatory information. Therefore, AmazingTick effectively does not hold any broker licenses and lacks the qualifications to provide forex trading services. We strongly advise you to avoid trading with such a broker, as your funds would be completely unprotected and you could suffer severe financial losses.
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Which of IMMFX accounts is the best?
Sardar Makoev
Norway
2026-07-13
ANSWER Dear Investor, We do not recommend opening an account on the IMMFX trading platform due to a lack of basic regulatory credentials. IMMFX claims to be the trading name of IMM GROUP LTD but has not provided any regulatory information, merely stating that it is registered as an International Business Company (IBC) in the Republic of the Marshall Islands. However, upon searching the Marshall Islands Registry (IRI), we found that the company's registration status is currently "cancelled," raising concerns about potential operational issues. Furthermore, even if this registration were valid, it would only signify an IBC incorporation and does not mean the company holds any regulatory licenses or has authorization from any regulatory authority. Therefore, we strongly advise you to avoid trading and investing with such an unlicensed broker to protect your financial security.
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How's Trade Magic commission rate????
Yacin Wang
China
2026-07-07
ANSWER Dear Investor, Trade Magic claims to be operated by Trade Magic LLC and has not made any claims regarding regulatory information, merely providing a registered address in Anguilla. Upon searching the Anguilla Commercial Registry (ACORN), we found this entity, but its registration status is currently "Struck off and Dissolved." Furthermore, even if this entity were still active, it would merely indicate an International Business Company (IBC) registration, which does not mean it holds any financial license. Anguilla does not have a regulatory authority to oversee forex trading or issue financial licenses. In reality, Trade Magic does not have any regulatory authorization or broker credentials. Therefore, we strongly advise you to avoid trading with such a broker to protect your funds.
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Finrally has APP? Is it good to use?
Lyzia Dimitriadou
Mexico
2026-06-30
ANSWER Dear Investor, We do not recommend using the Finrally platform for trading, as it lacks valid regulatory certificates to safeguard your funds. Finrally has not provided any valid regulatory proof, merely claiming that its company, MAKERUN CORP, is registered in the Marshall Islands. Upon checking the Marshall Islands Registry (IRI), we found that the registration status of MAKERUN CORP has been "Annulled," which raises serious concerns about its operational status. Furthermore, this registration only indicates an International Business Company (IBC) incorporation, not the possession of any brokerage license. The IRI does not regulate forex trading and cannot issue brokerage licenses. Therefore, Finrally is essentially not endorsed by any compliance certificates and poses a very high risk. We strongly advise you to avoid trading with such unlicensed brokers.
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