While MBBO claims to be operated by Coinftx, a company with headquarter in Singapore and operation centers in the United States, South Korea, and Hong Kong, our research has found no evidence to support its legitimacy in forex markets. Especially, we would like to emphasize that in the US, the authority to regulate futures and derivative markets rests with the National Futures Association (NFA). Brokers operating in the US must be an NFA member in order to offer financial products or services legally. As such, the licenses this broker provided, including the MSB license by the Financial Crimes Enforcement Network (FinCEN) and the registration certificate, don't necessarily indicate a broker's legitimacy. We searched for MBBO on the NFA website but did not find any matching records, indicating that MBBO is illegally engaging in forex activities. 

In essence, MBBO is not overseen by any recognized financial regulatory body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

The Malaysia Securities Commission (SC) has added MBBO to its alert list, saying it is operating a digital asset exchange (DAX) without registration. https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list

BrokersView found that the domain "https://mbbo11.vip/; https://mbbo2.vip/" 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.