Regarding the legitimacy of MDM forex brokers, it provides ASIC, VFSC and WikiBit, (also has a graphic survey regarding security).
Software Index
Regulation
The regulatory license is the strongest proof.
ASIC Inst Forex Execution (STP)
Australia Securities & Investment Commission
Australia Securities & Investment Commission
Current Status:
License Type:
Inst Forex Execution (STP)Licensed Entity:
Effective Date:
2024-08-16Email Address of Licensed Institution:
--Sharing Status:
No SharingWebsite of Licensed Institution:
--Expiration Time:
--Address of Licensed Institution:
Phone Number of Licensed Institution:
--Licensed Institution Certified Documents:
VFSC Derivatives Trading License (EP)
Vanuatu Financial Services Commission
Vanuatu Financial Services Commission
Current Status:
License Type:
Derivatives Trading License (EP)Licensed Entity:
Effective Date:
2023-09-21Email Address of Licensed Institution:
--Sharing Status:
No SharingWebsite of Licensed Institution:
--Expiration Time:
--Address of Licensed Institution:
Phone Number of Licensed Institution:
--Licensed Institution Certified Documents:
Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.
MDM latest industry rating score is 7.09, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 7.09 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.