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Mango Trade

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Operating status: SCAM

Website: https://mangotrade.com/

Broker violations and abnormal records
  • 2024-11-05 BrokersView has reviewed that Mango Trade is an unregulated broker

    According to its website, it claims to be regulated by the Financial Services Authority (SVG FSA). Upon investigation, no matching information was found in the SVG FSA.

    In essence, Mango Trade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Mango Trade appears to be a scam.

    According to its website, it claims to be regulated by the Financial Services Authority (SVG FSA). Upon investigation, no matching information was found in the SVG FSA.In essence, Mango Trade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Mango Trade appears to be a scam.

Related Complaints

Q&A

Is Mango Trade a good trading platform?

Maiuta
Estonia
2024-11-07
ANSWER Dear Investor,Thank you for your message. We've researched Mango Trade and believe it to be a scam.While Mango Trade claims to be based in St. Vincent and The Grenadines with a company number 898LLC2021, there are no corresponding records from the Financial Services Authority (SVG FSA). Even if it were true, Mango Trade would still be suspicious, as the jurisdiction doesn't license forex trading activities and provides minimal protections for investors.Therefore, we strongly suggest you avoid using Mango Trade to protect your funds and personal information. For a safer trading environment, it is recommended to opt for fully regulated brokers 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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