https://jump.wikifx.com/83348CF26389B46D

Broker: Makasky

Location: Malaysia

Regulation: suspected-cloned license

Status: not at the regulatory address

Address: Unit Level 14(C), Main OFFice Tower, Financial Park Complex, Jalan Merdeka , 87000 Labuan F.T

 

Some investors may remember AL-HIDAYAH, a broker that WikiFX visited in August. Although claimed to be located in room 14(B) &(C) at Financial Park Complex, Labuan, Malaysia, AL-HIDAYAH’s office turned out non-exist at the address. The office belongs to a management firm called Regus instead.

 

When browsing broker’s information online, we accidentally found a forex broker named MAkasky which also claims to be located in 14(C) of the above-mentioned office building. Can that be a coincidence, or is it simply another trap for investors?

 

From WikiFX App, we learned that the broker Makasky, rated at only 1.23 and has been in business for less than a year, is suspected to hold a cloned license. This is a risky broker that can cause investors heavy losses, and we decided to fulfil our obligation of safeguarding investors by check the broker on-the-spot.

 

As we have been here several times, we were familiar with the procedures and quickly filled out the visitor registration form. Coming to level 14, we followed the direction signs and found 14(B) &(C). Again we saw Regus, the management firm, in regular business, but Makasky which claimed to operate in 14(C) was nowhere to be found.

 

Thus we may safely conclude that Makasky is just another unreliable forex broker. Its alleged “LFSA license number” MB/16/0012 is only a registration number, and the broker isn’t regulated by Labuan Financial Services Authority (LFSA).

 

Conclusion:

Currently, WikiFX has recorded detail profiles of tens of thousands of forex brokers, while striving to offer investors more comprehensive forex information. Stay tuned as WikiFX presents you more brokers’ visit reports.

Edited November 19, 20196 yr by Anzo Lim

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It’s great that there are traders who not only familiarize themselves with new brokers and gain trading experience with them but also share both their results and opinions. I think this is part of what helps avoid scammers in the Forex market.