Reported as a scam / unregulated
Why Mubasher is on the register
Mubasher claims to be a trustworthy broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Mubasher also claims to be a Bahrain-based firm. As per information we have, Bahrain has no authorities issue licenses for forex trading or regulate entities that offer forex services. That means Mubasher is not regulated by any regulators. Letting this broker hold or control investors’ 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.