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MOHD AZIM GENERAL TRADING

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Operating status: SCAM

Website: https://www.magtfinancials.com

Broker violations and abnormal records
  • 2024-09-03 BrokersView has Reviewed that Mohd Azim General Trading is an Unregulated Broker

    Mohd Azim General Trading LTD claims to be registered in Saint Lucia under license number 2023-00245, which is committed to providing clients with the highest level of service and access to the global Forex market.

    Upon investigation, we found that Mohd Azim General Trading Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities.

    It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, MOHD AZIM GENERAL TRADING's financial services for forex trading are not legitimate.

    The truth is that Mohd Azim General Trading is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

    Mohd Azim General Trading is a scam.

    Mohd Azim General Trading LTD claims to be registered in Saint Lucia under license number 2023-00245, which is committed to providing clients with the highest level of service and access to the global Forex market.Upon investigation, we found that Mohd Azim General Trading Ltd is registered with the International Financial Centre (IFC) in Saint Lucia, an International Business Companies Registry that doesn't license forex trading brokerage activities.It is critical to note that this mere registration doesn't mean being licensed to carry on forex trading activities. The financial watchdog of St. Lucia, Financial Services Regulatory Authority (FSRA) has stated that forex trading activities are not licensed there. Without any other valid financial licenses, MOHD AZIM GENERAL TRADING's financial services for forex trading are not legitimate.The truth is that Mohd Azim General Trading is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.Mohd Azim General Trading is a scam.

Related Complaints

Q&A

MOHD AZIM GENERAL TRADING possible scam?

Roberto Momen
Czech Republic
2024-12-31
ANSWER Dear Investor, Thank you for reaching out to us. Our investigation suggests that MOHD AZIM GENERAL TRADING is a potential scam. MOHD AZIM GENERAL TRADING claims to serve as a trading platform, a gateway to the Forex market. However, it only relies on the alleged registration in St. Lucia to demonstrate its legitimacy and credibility, which, in fact, cannot constitute a valid license for its business. On one hand, St. Lucia, as an offshore area, is known for lax regulation and minimum protections for investors. On the other hand, the country doesn't license forex trading activities. Therefore, MOHD AZIM GENERAL TRADING is not licensed, rendering its offerings risky. We strongly advise against trusting the unlicensed broker with your money. It is wise to stick with fully regulated ones instead.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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