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MakroFX
Operating status: SCAM
Website: https://www.makrofxltd.com/
Broker violations and abnormal records
MakroFX claims to be domiciled in Montenegro. However, it is not registered with the relevant financial authority, the Capital Market Authority of Montenegro (SCMN). This means it is an unlicensed trading platform that has no authority to solicit investors.
In its Privacy Policy, it mentions FOREX.com, a regulated forex broker, as one of its divisions. However, this association merely exists in its own claims. There is no evidence to suggest that they are associated.
In essence, MakroFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
MakroFX is unequivocally a scam.
MakroFX claims to be domiciled in Montenegro. However, it is not registered with the relevant financial authority, the Capital Market Authority of Montenegro (SCMN). This means it is an unlicensed trading platform that has no authority to solicit investors.In its Privacy Policy, it mentions FOREX.com, a regulated forex broker, as one of its divisions. However, this association merely exists in its own claims. There is no evidence to suggest that they are associated.In essence, MakroFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.MakroFX is unequivocally a scam.BrokersView found that the domain "https://www.makrofxltd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.makrofxltd.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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