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MYMA FX

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Operating status: SCAM

Website: https://mymafxfp.com/

Broker violations and abnormal records
  • 2023-10-15 BrokersView has reviewed that MYMA FX is an unregulated broker

    MYMA FX claims to be part of StoneX Group Inc., a licensed company operating well-known FX brands. However, our investigation confirmed that this legitimate company has no connection to MYMA FX. MYMA FX is misleading unsuspecting investors.

    MYMA FX claims to have offices in the UK and India. However, our search of the UK's Financial Conduct Authority (FCA) register returned no matching records. As for India, there is currently no agency responsible for licensing or regulating foreign exchange trading activities.

    While MYMA FX claims to have more than five years of experience, its domain ("mymafxfp.com") was first registered in November 2021. This discrepancy further undermines the platform's credibility.

    In essence, MYMA FX 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. 

    MYMA FX is unequivocally a scam.

    MYMA FX claims to be part of StoneX Group Inc., a licensed company operating well-known FX brands. However, our investigation confirmed that this legitimate company has no connection to MYMA FX. MYMA FX is misleading unsuspecting investors.MYMA FX claims to have offices in the UK and India. However, our search of the UK's Financial Conduct Authority (FCA) register returned no matching records. As for India, there is currently no agency responsible for licensing or regulating foreign exchange trading activities.While MYMA FX claims to have more than five years of experience, its domain ("mymafxfp.com") was first registered in November 2021. This discrepancy further undermines the platform's credibility.In essence, MYMA FX 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. MYMA FX is unequivocally a scam.

Related Complaints

Q&A

Can I deposit on MYMA FX?

Ilia Foo
Sudan
2023-11-02
ANSWER No, we strongly advise against engaging with MYMA FX.MYMA FX purports to be a subsidiary of StoneX Group Inc., a licensed entity that operates renowned FX brands. However, our probe has established that there is no affiliation between the legitimate StoneX Group Inc. and MYMA FX. It appears that MYMA FX is deceiving unsuspecting investors.MYMA FX asserts to have branches in the UK and India. Nevertheless, our examination of the UK's Financial Conduct Authority (FCA) register yielded no corresponding entries. In India, there is no existing authority tasked with licensing or overseeing foreign exchange trading operations.Despite MYMA FX's assertion of possessing over five years of experience, the domain ("mymafxfp.com") was initially registered in November 2021. This inconsistency further erodes the platform's reliability.In summary, MYMA FX lacks regulation from any supervisory authority. Entrusting this broker with investors' capital is extremely risky due to the absence of legal safeguards to protect the funds. To mitigate substantial risks of fraud and identity theft during your trading journey, it is advisable to choose fully regulated brokers.
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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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