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maldofx

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Do they really regulated in the St. Vincent and the Grenadines?
jbmaverick
Guyana
2023-06-29
ANSWER MALDOFX is an unregulated broker that we advise against trading with, despite the seemingly attractive deals it offers.MALDOFX claims to be operated by MALDO FX LLC, a company supposedly incorporated under registered number 2259 LLC 2022 issued by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). However, our search for this company in the SVG FSA register didn't yield any matching results. Additionally, the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage, nor does it regulate entities involved in such activities.In essence, MALDOFX is not regulated by any governing body.Regarding your question, MALDOFX is not regulated in St. Vincent and the Grenadines. It is an unlicensed broker, coming with significant risks as there are no protections to prevent fraud or theft. Therefore, investors are encouraged to stay away from unlicensed brokers like MALDOFX and instead choose a fully regulated one.
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