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No Regulation
Score
1.53 /10
Danger
MuganFX
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.12
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-22
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Note: MuganFX's official website: http://www.muganfx.com/is currently inaccessible normally.
MuganFX Information
Founded in 2022, MuganFX is an unregulated brokerage company registered in Estonia.
Is MuganFX Legit？
MuganFX appears to operate without regulatory oversight. The absence of regulation could potentially expose investors to increased risks, as there are no established frameworks for monitoring or enforcing fair practices.
Downsides of MuganFX
- Unavailable Website
The current inaccessibility of KUT's official website has sparked doubts regarding its reliability and ease of access.
- Lack of Transparency
There is a notable lack of information about MuganFX available online. This lack of transparency is unlike other brokers, making it difficult for investors to make informed decisions.
- Regulatory Concerns
The uncertainty surrounding KUT's regulatory status has sparked concerns among investors regarding their protection and the company's overall credibility.
Conclusion
Trading with MuganFX may pose security risks as it operates without regulatory oversight. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. When selecting a trading platform, prioritize those supervised by recognized regulatory bodies for enhanced security and peace of mind.
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