Updated on March 25, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding ManagedForexHub due to the issues we've identified.
Is ManagedForexHub Scam or Legit Broker? ▲
ManagedForexHub raises major red flags as it operates without a proper license from any globally recognized Forex authority. This lack of licensing implies that ManagedForexHub is possibly a fraudulent entity. No regulatory oversight means it was not verified for compliance before being established, is not monitored for safety, and can operate without any legal constraints. This freedom for the broker often comes at the expense of the trader's security and funds.
Registered in: No Registration
Type of License: No License
Is ManagedForexHub safe to trade: No
Recommended Licenses: FCA in UK & ASIC in Australia
Managed Forex Hub portrays itself as a comprehensive investment and trading platform, with its proclaimed headquarters in Hong Kong. It offers a wide range of services, including Strategy Architect, Broker-Dealer, Introducing Broker, Advisor, Educator, Analyst, and Program Developer. Despite these claims, Managed Forex Hub lacks any form of licensing and is not registered as a legitimate entity for Forex trading activities.
Furthermore, while Managed Forex Hub does have a New Zealand registration allowing it to act as an Introducing Broker to AP Holdings Limited, it falsely claims affiliation and regulation by the local FMA. This has led to several warnings and blacklists by the FMA, particularly due to misleading information and unauthorized financial services provided by Managed Forex Hub.
FMA Warnings:The FMA has issued multiple warnings regarding Managed Forex Hub, highlighting its nonlegitimate operations and the misleading information it provides. Investors are strongly advised to exercise caution.
Overall Managed Forex Hub Ranking ▲
Given the significant regulatory and safety concerns discovered during our thorough investigation of Managed Forex Hub, our overall assessment of this broker is decidedly negative. Out of a possible score of 5, Managed Forex Hub receives a 0.4. This evaluation is based on a comprehensive comparison to over 1000 other brokers, taking into account factors such as regulatory compliance, platform usability, customer support, and trading conditions.
To sum up, despite Managed Forex Hub's seemingly attractive offerings, we strongly advise against registering or trading with this broker. Our extensive research and firsthand experience have led us to conclude that Managed Forex Hub poses significant risks to traders, primarily due to its lack of proper regulation and misleading practices. For those seeking a safe and reliable trading environment, we recommend turning to brokers regulated within reputable jurisdictions. Such brokers are subjected to stringent oversight and are more likely to provide a secure trading experience. Therefore, we advocate for trading with well-regulated entities such as those in the UK or Australia. The overall verdict and experience with Managed Forex Hub are overwhelmingly negative, underscoring our recommendation to avoid this broker.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
ManagedForexHub Review 2024
