MetaTrader 4
MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.
Runs on
- Web Trader
Details
Is MMA FOREX a scam?
Wikilix independent safety report
97%Scam risk
Confirmed scamConfidence: HIGH
1.0/5Safety rating 1 out of 5
Yes. MMA FOREX was an investment scheme, not a real brokerage, and it ended in a criminal conviction. A Dubai court convicted the chief executive of MMA Group, Malik Noureed Awan, of fraud in October…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation10/10 · CriticalIdentity & transparency10/10 · CriticalWithdrawals & conduct10/10 · CriticalReputation10/10 · CriticalWebsite claims10/10 · CriticalOperational history9/10 · Critical
Editorial review
Broker Summary
What Wikilix has recorded about MMA FOREX: its history, the licences it holds, its trading conditions and its fees.
MMA FOREX Broker Overview
MMA FOREX is an online forex brand that dates its launch to 2006 and gives a New York business address in the United States. It is recorded as unregulated, with no financial licence and no separate operating company identified behind the brand name. The offer on record is built on MetaTrader 4 and TradingView, across three account tiers, with a minimum deposit of 300 USD by bank transfer that falls to 50 USD on cards and electronic wallets.
MMA FOREX Regulation and License
No financial regulation is confirmed for MMA FOREX. There is no regulator, no licence number, no licence type and no jurisdiction on record for the brand, and no authorisation has been confirmed on any financial regulator's own register. It is recorded as unregulated rather than as holding a licence anywhere, onshore or offshore.
No operating legal company is established alongside the brand either, and no company registration number or country of incorporation is on record. That leaves two basic questions open: which legal entity would hold client funds, and which authority, if any, would handle a complaint.
Is MMA FOREX Safe?
The absence of confirmed regulation is the central consideration for anyone assessing MMA FOREX. With no licence on record there is no supervising authority over how client money is held, no compensation scheme established and no statutory complaints route identified, and the lack of a named operating company removes the usual means of checking who stands behind the brand. These are gaps in what can be verified rather than confirmed findings of misconduct.
MMA FOREX Account Types
Three account tiers are on record: Mini, VIP and Islamic. The terms that would normally separate them, including each tier's own minimum deposit, its leverage and any commission, are not established, so the tiers cannot be compared on cost or conditions.
MMA FOREX Trading Platforms
MMA FOREX is recorded as offering MetaTrader 4 and TradingView, each as a desktop application and through a web trader. No official download link, platform build or trading server is on record for either.
MMA FOREX Deposits and Withdrawals
The minimum deposit is 300 USD by bank transfer. Other routes start lower, at 50 USD by credit or debit card and by electronic wallet, 100 USD in cryptocurrency and 10 USD through local country-specific payment options.
The recorded methods are bank transfer, Visa, Mastercard and Maestro cards, the Skrill, Neteller, WebMoney and Perfect Money wallets, and Bitcoin, Ethereum, Litecoin and Tether. No deposit or withdrawal fee is recorded on any of them. Bank transfers are recorded as taking around three business days, the other methods as processing immediately, and cryptocurrency deposits as needing one to three network confirmations. Withdrawal processing times and withdrawal limits are not established.
MMA FOREX Support
Support is offered in English only, by telephone on +1 347-370-3223 and by email at info@mmaforex.com for general enquiries and support@mmaforex.com for client support. A live chat is recorded as available during business hours. The business address on record is 30th Wall Street, 11th Floor, New York, NY 10005, United States. No dedicated complaints address is recorded.
MMA FOREX Pros and Cons
On the positive side, the entry point is low on cards, wallets and local payment options, no deposit or withdrawal fees are recorded, and both platforms on record are established industry software.
Against that, no financial regulation is confirmed, no operating legal company is identified, the account tiers carry no established terms, and spreads, commissions and maximum leverage are not established, which makes the real cost of trading impossible to compare.
MMA FOREX Review and Assessment
MMA FOREX presents a conventional retail forex offer on familiar platforms, at a moderate 300 USD minimum by bank transfer, but very little of what a client would use to judge it is confirmed. The decisive point before funding an account is the regulatory one: nothing on record shows a licence, a supervising authority or even a named legal company, so a prospective client cannot establish who would be holding their money.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for MMA FOREX. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for MMA FOREX. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
3 account types on record.
3 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| MiniCent | Not recorded | Not recorded | Not recorded |
| VIP | Not recorded | Not recorded | Not recorded |
| IslamicSwap-Free | Not recorded | Not recorded | Not recorded |
Deposits & withdrawals
Funding Methods
5 ways to fund an account. 5 with no deposit fee. 4 credit instantly.
5 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferDeposits are only accepted from payment methods in your name. Generally available worldwide. | Free | Free | USD 300 | Not recordedNot recorded | Up to 3 days |
Credit/Debit CardsCredit CardDeposits must be made through the platform's official deposit channel. Availability may vary based on your country of residence. | Free | Free | USD 50 | Not recordedNot recorded | Instant |
| Skrill, Neteller, WebMoney, Perfect MoneyE-Wallet1 | Free | Free | USD 50 | Not recordedNot recorded | Instant |
| Bitcoin, Ethereum, Litecoin, Tether (USDT)Cryptocurrency1 | Free | Free | USD 100 | Not recordedNot recorded | Instant |
| Various country-specific payment optionsOther1 | Free | Free | USD 10 | Not recordedNot recorded | Instant |
Broker's notes on these methods
- Deposits must be made using the platform’s designated payment methods. Availability may vary based on your country of residence. · applies to 3 methods
Trading software
Trading Platforms
2 trading platforms on record: MetaTrader 4 and TradingView.
2 platforms
TradingView
TradingView is a web-based charting and trading platform offering advanced analytics, social trading, and integration with multiple brokers for seamless trading.
Runs on
- Web Trader
Details
Company registry check
Company Registration
Legal entity checked against the official company registry
Not confirmed on registry
- Registry
- New York State Department of State, Division of Corporations
Peer comparison
Brokers worth comparing
3 other brokers on the record share what MMA FOREX offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
MMA FOREX
This recordUnited States · since 2006Wikilix score 20.0RegulationNo RegulationMax leverageNot recordedPlatforms2LicencesNot recordedTAEBANK
United States · since 2024· TAEBANK MARKETS LTDWikilix score 32.0RegulationRegulatedFinCENMax leverageNot recordedPlatformsNot recordedLicences1HXFX Global
United Kingdom · since 2018· HXFX GLOBAL Investments LimitedWikilix score 20.0RegulationOffshoreVFSCMax leverageNot recordedPlatforms1Licences1SuperFin
Saint Vincent and the Grenadines · since 2013· Superfin CorpWikilix score 20.0RegulationExceededASICMax leverage1:500Platforms3Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about MMA FOREX
Most Popular Questions
Three account tiers are on record for MMA FOREX: Mini, VIP and Islamic. The terms behind them are not established, so each tier's own minimum deposit, its maximum leverage and any commission cannot be confirmed. The 300 USD minimum deposit recorded for the broker applies to bank transfers rather than to a named tier.
MMA FOREX supports bank transfers, credit/debit cards, e-wallets like Skrill and Neteller, cryptocurrencies including Bitcoin and Ethereum, and various country-specific local payment options. Deposits and withdrawals generally have no fees and processing times vary by method.
MMA FOREX customer support can be reached via phone at +1 347-370-3223, live chat during business hours, or email at support@mmaforex.com. Support is available in English.
The minimum deposit at MMA FOREX is 300 USD by bank transfer. The other recorded funding routes start lower, at 50 USD by credit or debit card and by electronic wallet, 100 USD in cryptocurrency and 10 USD through local country-specific payment options. No separate minimum deposit is established for the individual account tiers.
MMA FOREX provides access to MetaTrader 4 and TradingView platforms. Both platforms are available as desktop and web trader versions, supporting various devices.
MMA FOREX is not regulated. It does not hold any licenses or regulatory approvals as of the latest update.
Comments
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