Is Maxrich Group a scam?

• Brand: Maxrich Group, also trading as MRG and MRG Traders Network
• Legal entity: Maxrich Group LTD, registration number 2023-00526
• Registered: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-islet, Saint Lucia. This is a shared company-formation address in Rodney Bay used by several other offshore brokers, not a staffed dealing office.
• Website: mrg.ltd is the live site. The operator also runs maxrichgroupltd.com, and its own About page still names mrgforex.com as the official site.
• Only licence: Mwali International Services Authority (MISA), Comoros, number T2023410, issued 20 November 2023 and expired 20 November 2025. Company number on that record is HY01123440.
• Offers: retail forex and CFDs on an STP model, four account tiers from a 50 dollar minimum deposit, leverage to 1:500, a Sharia swap-free account, and a monthly cashback rebate of up to 100 percent for deposits of 1,000 dollars and above.
• Not accepted: United States residents.
• Age claim: the site makes no explicit founding-year claim, though it carries promotional and news posts dated 2016 and 2020 from its older website. Third-party Indonesian coverage describes a 2009 New Zealand origin.

We rate this high risk rather than a scam. The regulatory position has lapsed and several published statements are wrong, but nothing we found shows client money being taken and not returned.

• The licence has expired. The Mwali registrar's verification record for Maxrich Group LTD gives an issue date of 20 November 2023 and a licence end date of 20 November 2025. The summary line on the register's brokerage list still reads Active, but the entity's own certificate carries the end date, and it has passed. The site continues to link to the Mwali registrar from its footer, which presents regulatory cover the firm no longer holds.
• The licensed website is gone. That licence names one website, mrgforex.com. That domain has expired and now serves a registrar page stating it may be available at auction. The site actually taking deposits, mrg.ltd, was registered on 4 December 2024 and appears nowhere on the licence. The About page also routes complaints to a report-a-problem page on the dead domain, so the firm's own published escalation route does not work.
• Nothing else regulates this firm. Saint Lucia registration 2023-00526 confers company status only. The Saint Lucia authorities neither license nor supervise forex trading. MISA itself is an island registrar rather than a functioning supervisor, and the Comoros central bank has stated publicly that approvals issued by island bodies carry no legal effect for financial activity. Even when in force, that licence protected nobody.
• A checkable claim about client money is false. The About page says client funds are held in segregated accounts at 'Pireus Bank, Bulgaria'. Piraeus Bank Bulgaria was acquired by Postbank in June 2019, legally merged that November, and the brand was retired. A firm that cannot correctly name the bank holding client funds has either not reviewed that page in seven years or is describing an arrangement that no longer exists.
• The corporate trail runs backwards, not forwards. New Zealand's companies register holds two matching entities, both removed: Maxrich Group Limited, incorporated 1 April 2015, classified under stockbroking or trading and with a Jakarta-resident director, and Maxrich New Zealand (Foreign Exchange) Limited, incorporated 3 July 2009. The business that once had a New Zealand footing now contracts through a Saint Lucia company formed in 2023.
• It contradicts itself about its own identity. The footer on mrg.ltd states that Maxrich Group only uses mrg.ltd, while the footer on maxrichgroupltd.com states it only uses maxrichgroupltd.com. Each site therefore implies the other is not genuine. This is why several review sites have labelled the firm an imposter of itself, an accusation we do not accept, but the confusion is entirely of the operator's own making.
• What we did not find matters too. No regulator warning list names this brand or its domains. No first-hand account describes a refused withdrawal, a frozen balance or a demand for a payment before release. That absence is why this is not a scam verdict.
• One limit on the figures. Saint Lucia's register of international business companies publishes no working public search, so the incorporation date behind registration 2023-00526 could not be established. The operating age shown here therefore rests on the domain record alone and should be read as an upper bound: the oldest domain dates to 2014, but it sat parked that year, carried unrelated corporate content in 2018, and only became this brokerage's site in 2024.