Reason to avoid: Non Licensed Operations
Listed Date: October 8, 2018
Top 3 Regulated Forex Brokers
Beware ManagedForexHub is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name:
Managed Forex Hub Limited. AP Holdings Limited.
- Registration Address/ License:
Hong Kong. New Zealand. No License or Regulation.
Managed Forex Hub claims its head and global office located in Hong Kong and offering extensive investment, trading opportunities including Strategy Architect, Broker-Dealer, Introducing Broker, Advisor, Educator, Analyst and Program Developer services. However, the company does not hold any license and is not a registered entity in relation to Forex trading.
In addition, MFH New Zealand registration of the company in NZ is legit to act as an Introducing Broker only to overseas entity AP Holdings Limited that operates two domains ManagedForexHub .com and the co.nz. However, the broker claims its affiliation and registration with the local regulator FMA, while at the fact it is false information.
Therefore, the FMA cautioned investors against ManagedForexHub already several times since the company was caught in nonlegit financial service offering and misleading, deceptive representations. The latest blacklisting of the firm took place in May 2018, as the authority received reports about the company’s non-authorized actions again and strongly advises investors to take the highest caution.
“In the FMA’s view, the marketing materials included on MFH’s website contained misleading and deceptive representations, specifically representations relating to APH’s registration as a financial service provider on the Financial Service Providers Register (FSPR), that MFH had full discretion over trading and management of trade strategies, and that MFH belonged to a dispute resolution scheme. The FMA will take action in order to denounce and deter misconduct.”
In conclusion, even though the company offering seems to be an attractive one with vast opportunities not only to trade but invest too. However, it all seems to be a fishy business, since there is no proper registration to offer financial services to the investors in none of the locations. As well, the warnings from the respected authorities should be strongly considered as the main aim of any regulator is to protect clients. For that reason, we do always advise trading with Regulated Brokers only, hereby you can check out FMA Regulated Forex Brokers.