MPlus Social Review 2025
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Updated:
Reason to avoid: Offshore license
Listed Date: October 21, 2018
Top 3 Forex Brokers
Beware MPlus Social is a Non-Regulated Broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: Offshore license
Listed Date: October 21, 2018
Beware MPlus Social is a Non-Regulated Broker. It is NOT SAFE to trade.
It is NOT SAFE to trade with MPlus Social. MPlus Social broker is Non-Regulated Broker. We have checked the company and there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.
🗺️ Registered in | Vanuatu |
🗺️ Type of License | Offshore License |
🛡️ Is MPlus Social safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
MPlus Social is an offshore broker that specializes in forex, CFDs, indices, and commodities trading. It is owned and operated by MPlus Global, and regulated by the Vanuatu Financial Services Commission (VFSC). The website states that the company's liquidity providers are authorized and regulated by the Financial Conduct Authority, registered in the UK, but they don't mention the names of the providers, which is quite suspicious.
Signing with offshore brokers is extremely risky and it is highly recommended to avoid such companies and to select among brokers licensed by the respective authorities. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.
Based on our research, the MPlus Social website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.
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