Is MPlus Social Scam or Legit Broker?

 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.

About MPlus Social
🗺️ Registered inVanuatu
🗺️ Type of LicenseOffshore License
🛡️ Is MPlus Social safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

What is MPlus Social?

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.

  • The broker doesn’t provide the address, there is a link to the map that shows Cyprus. Also, the contact phone number is Cyprian. We couldn’t find any information about MPlus Social licenses with any of the mentioned regulators.
    The website supports several languages (English, French and Italian). Usually, the supported languages show what countries are being targeted by the broker and it seems like MPlus Social is not regulated in any of those countries.

MPlus Social Review Conclusion

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.

MPlus Social Update

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. 

No news available.

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