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MintFX247

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Operating status: SCAM

Website: https://mintfx247.live/

Broker violations and abnormal records
  • 2023-07-04 BrokersView has reviewed that MintFX247 is an unregulated broker

    MintFX247, a supposedly US-based company, in an attempt to appear legitimate, provides an image of certificate issued by Blockchain Council with number UD7618763. However, according to the broker's description, it "is engaged in trading activities on the forex and crypto-currency market". As such, its services and products must be regulated by the National Futures Association (NFA). Our investigation revealed that MintFX247 is not authorized and regulated by the US financial watchdog and the certificate by Blockchain Council couldn't support its legitimacy in the industry.

    In essence, MintFX247 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    MintFX247, a supposedly US-based company, in an attempt to appear legitimate, provides an image of certificate issued by Blockchain Council with number UD7618763. However, according to the broker's description, it "is engaged in trading activities on the forex and crypto-currency market". As such, its services and products must be regulated by the National Futures Association (NFA). Our investigation revealed that MintFX247 is not authorized and regulated by the US financial watchdog and the certificate by Blockchain Council couldn't support its legitimacy in the industry.In essence, MintFX247 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Is 1:500 the largest leverage here?

AbdulJabbar
Armenia
2023-07-13
ANSWER Due to MintFX247's status as an unlicensed broker, we strongly advise you to avoid dealing with the broker, no matter how tempting the deals it offers.MintFX247 claims to be a US-based company engaged in trading activities on the forex and crypto-currency market. As per the US laws, entities involved in such activities are required to be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Hence the company must be an NFA member. However, we have been unable to locate a firm associated with MintFX247 in the NFA registry, suggesting that it is not subject to the relevant regulatory bodies.in an attempt to appear legitimate, MintFX247 provides an image of certificate issued by Blockchain Council with number UD7618763. However, Blockchain Council is merely a group of subject experts and enthusiasts and the certificate by the institution couldn't support the trading platform's legitimacy in the industry.In conclusion, investors are encouraged to stay away from unlicensed brokers like MintFX247. Once your money and personal information are held by such trading platforms, there are no rules in place to safeguard them. Therefore, to mitigate such risks, a fully regulated broker may be a better choice.
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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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