Reported as a scam / unregulated
Why Majest Trade is on the register
Majest Trade is not a reliable broker for traders even though it states offers that look good to be true. Majest Trade claims to be owned and operated by Venture LTD. a company registered with the Marshall Islands Registry (IRI) with registration No. 196960. We indeed find a match result to Venture LTD in IRI, but the registration number of this company is 25018. What’s more, the company’s registration status was annulled. Besides, Marshall IRI does neither issue licenses for forex trading nor regulate entities engaging in forex trading. The truth is, Majest Trade is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.