Is M-Success FX a legal brokerage or a scam? The M-Success FX is a broker in the forex market. It claims that it is registered in the United States. From the website, the address given is in New York City. However, the brokerage does not claim to be part of the business firms licensed by the NFA. The broker however goes on to claim that it is regulated in the UK by the Financial Conduct Authority.
What has been revealed about M-Success FX? An online search turned up the fact that it has been previously gas lighted by authorities in Britain. It is reported that it claims to have affiliations with Equiti Capital UK Ltd. This is one of the major trends among scam brokerages and news reports have been reporting this tactic.
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The trading platform that the M-Success FX Trading Software claims to use is the MT5. MetaTrader 5 is the latest platform and one of the most popular because of the ease of use. However, it is not possible to access the software of this brokerage as a click on its web version keeps redirecting to the page.
Although this broker claims to offer a demo account for traders to try out, it turns out this is not true. This leaves clients in a knowledge limbo and makes it difficult to trust it.
Deposit And Withdrawal Methods
Every brokerage worth its salt gives client’s information on how they can make deposits and withdrawals. But M-Success FX does not do that. The page in general provides no information that is worth anything. It does mention that the minimum deposit required is $1000 which is high.
Is M-Success FX Licensed?
The website information is dubious. First, it states that M-Success FX has an address in the United States. Then, it claims to be part of the Equiti Capital UK Ltd, which is a UK licensed body. But in truth, the claims of owning a license is false.
There is a telephone number and an email address on the website for contacts: (718)917-8200 and email@example.com
The reports on the M-Success FX are damning as no legit broker would put up stolen information on their website. The false claims of a UK license are also not reassuring. Lack of information most times mean an intent to deceive clients deny them in future. The information available online are certainly not encouraging.
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