ANSWER Mainet is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.Mainet doesn't provide essential information about its company including its company name, office address, and regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display such information, especially the accreditation and licenses. In addition, the Financial Authority (Autorité des Marchés Financiers, AMF) has added this broker to their warning list for it being an unauthorized company engaging in forex activities. You can check the full warning here.Regarding your question, Mainet is an unreliable broker. Entrusting this broker with your funds is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like Mainet and choose fully regulated ones instead.
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