Is ManagedForexHub Scam or Legit Broker?

Managed Forex Hub is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

About ManagedForexHub
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is ManagedForexHub safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Managed Forex Hub?

Managed Forex Hub claims its head and global office located in Hong Kong offering extensive investment, and 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 it is false information.
  • Therefore, the FMA cautioned investors against ManagedForexHub already several times since the company was caught in non-legit financial service offerings 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.”

FMA, May 2018

ManagedForexHub

Overall Managed Forex Hub Ranking

Due to the regulation and safety issues, we revealed during our research of Managed Forex Hub, we do not rank positively Managed Forex Hub, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • Managed Forex Hub Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

RankingManaged Forex Hub BlackBull MarketsXTB
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading PlatformsTrading Conditions

Managed Forex Hub Alternative Brokers

We found that Managed Forex Hub has a lot of issues, mainly in respect of its safety and customer care. For this reason, we have come up with much better Alternatives to Managed Forex Hub with tight regulations and great trading conditions. We select Good Brokers and trustworthy options for your comparison below: 

  • HFM – Good for Currency trading
  • Dukascopy – Excellent for Shares, Futures Trading
  • FXTM – Good for Beginners

Managed Forex Hub Review Conclusion

In conclusion, even though Managed Forex Hub offerings seem to be attractive is not recommended to sign in with the broker. Based on our research results, we advise avoiding trading with Managed Forex Hub. Instead, we recommend investing only with regulated brokers that are located among reputable jurisdictions and offer respective overseen investment services. Therefore, we advise trading with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and XM.

  • Overall ranking and experience for Managed Forex Hub is Negative

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