Reported as a scam / unregulated
Why MSFG is on the register
MSFG claims to be a fully regulated broker without presenting any details of its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as regulated brokers always present their accreditations and lincenses in a prominent position. It is a red flag. MSFG also claims to be a Seychelles-based entity. We searched the Seychelles Financial Services Authority (Seychelles FSA) but found no matchng result. What’s more, downloading MGFG’s MT4 platform software, we found the software belongs to a broker named AGX Forex Ltd, which is also a scam broker. The truth is that MSFG is not regulated by any regulators. Letting this broker hold or control investor’s money is unsafe and the money can not be protected by any laws. 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.