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MSG

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Operating status: SCAM

Website: https://www.msgforex.com; https://www.msgtrader.com/

Broker violations and abnormal records
  • 2024-01-22 BrokersView has Reviewed that MSG is an Unregulated Broker

    MSG claims to be operated by Master Select Group Vanuatu Limited (Registration No. 700238), which is registered in Vanuatu.

    We searched the Vanuatu Financial Services Commission (VFSC) by its registration number 700238 but found a mismatch for one company Doo Prime Vanuatu Limited, when we searched by company name Master Select Group Vanuatu Limited there were no results.

    MSG claims to be published by Master Selected Group LLC, which is regulated by the National Futures Association (NFA), NFA ID: 0558525.

    We searched NFA and found a matching result, but Master Selected Group LLC is not an NFA member and thus not subject to the regulator's oversight. Its NFA ID is only for tracking purposes only.

    The truth is that MSG 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.

    MSG is a scam.

    MSG claims to be operated by Master Select Group Vanuatu Limited (Registration No. 700238), which is registered in Vanuatu.We searched the Vanuatu Financial Services Commission (VFSC) by its registration number 700238 but found a mismatch for one company Doo Prime Vanuatu Limited, when we searched by company name Master Select Group Vanuatu Limited there were no results.MSG claims to be published by Master Selected Group LLC, which is regulated by the National Futures Association (NFA), NFA ID: 0558525.We searched NFA and found a matching result, but Master Selected Group LLC is not an NFA member and thus not subject to the regulator's oversight. Its NFA ID is only for tracking purposes only.The truth is that MSG 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.MSG is a scam.

Related Complaints

Q&A

MSG's seems familiar to me. Is it a scam?

whxcmdla
Samoa
2024-02-17
ANSWER MSG appears to be a fraudulent entity.Its assertions of being regulated by the Vanuatu Financial Services Commission (VFSC) are unfounded. The registration number it provides is actually associated with a different entity, which has no connection with MSG. Therefore, MSG is not licensed by the VFSC and is misappropriating regulatory information of a legitimate entity to mislead unsuspecting investors.Regarding its claimed registration with the National Futures Association (NFA), our investigation indicates that its NFA ID is merely for tracking and does not imply regulatory oversight.As a result, MSG is a deceptive operation, posing significant risks of fraud and identity theft. To protect your interests, it's recommended to avoid MSG and similar unlicensed platforms. Instead, consider fully regulated trading platforms to mitigate such risks.
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