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Mobatrade
Operating status: SCAM
Broker violations and abnormal records
On March 14, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Mobatrade to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/baware-these-new-fraudulent-trading-platforms
On March 14, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Mobatrade to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/baware-these-new-fraudulent-trading-platformsOn June 15, 2023, the Financial Conduct Authority (FCA) issued a warning against Mobatrade, identifying it as an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/mobatrade
On June 15, 2023, the Financial Conduct Authority (FCA) issued a warning against Mobatrade, identifying it as an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/mobatradeWhile Mobatrade claims to be located in the UK, our check with the Financial Conduct Authority (FCA) suggests that it has been red-flagged by the authority as an unauthorized firm in the country. This is a red flag.
What's more, the Belgian Financial Services and Markets Authority (FSMA) has added Mobatrade to its warning list as a fraudulent trading platform.
In essence, Mobatrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Mobatrade appears to be a scam.
While Mobatrade claims to be located in the UK, our check with the Financial Conduct Authority (FCA) suggests that it has been red-flagged by the authority as an unauthorized firm in the country. This is a red flag.What's more, the Belgian Financial Services and Markets Authority (FSMA) has added Mobatrade to its warning list as a fraudulent trading platform.In essence, Mobatrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Mobatrade appears to be a scam.
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