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Can you tell me if MBKET is under regulation, and which financial authorities oversee it?

Broker Issues
MBKET
Regulation
07-30
United States
WikiFX
Reply

Drawing from my thorough research and as someone who has always prioritized the security of my trading capital, I need to be very clear about MBKET’s situation: MBKET, or Maybank Kim Eng (Thailand), does not currently hold valid regulatory status with any recognized financial authority. Although the company has been in operation for 5-10 years and is active in Thailand, available information consistently underscores its lack of formal regulation. This is a crucial factor I weigh before engaging with any broker because regulation not only adds a layer of financial and operational oversight, but also provides potential avenues for customer recourse in case of disputes or misconduct. MBKET is associated with a “suspicious regulatory license” and has been flagged as presenting a high potential risk. There are no confirmations of oversight by major regional or international financial authorities, which inherently makes it less secure than brokers who are regulated in jurisdictions such as Australia or the United Kingdom. This unregulated status means MBKET is not subject to the rigorous standards regarding client fund protection, transparency, and auditing that I expect for my own trading practices. In my view, this lack of recognized regulatory supervision is a significant red flag, and I would personally exercise considerable caution before considering any trading activities with MBKET.

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