About MAKEMONEY-FX
Overview
MAKEMONEY-FX is a Cyprus-registered brokerage entity that was founded on 31 July 2019. The company operates under the domain makemoney-fx.com, though public information about its ownership structure and operational history remains extremely limited.
As of the time of this assessment, the broker has no known regulatory oversight from any recognised financial authority. This absence of licensing is a significant factor for traders to consider when evaluating the safety of funds and the reliability of trading conditions.
Account Types and Minimum Deposits
Our records indicate that MAKEMONEY-FX offers three distinct account tiers. The Mini account requires a minimum deposit of $500, the Classic account requires $5,000, and the Premium account requires $20,000.
These relatively high entry thresholds for the middle and top tiers suggest a targeting of serious retail or semi-professional traders. However, without verified information on spreads, commissions, or leverage, the actual cost and risk profile of these accounts cannot be independently assessed.
Instruments and Platforms
No specific instruments or trading platforms are documented in the available records. Retail forex brokers typically offer currency pairs, indices, commodities, and sometimes CFDs on stocks or cryptocurrencies, but this cannot be confirmed for MAKEMONEY-FX.
Similarly, the trading platform(s) used – whether proprietary, MetaTrader 4/5, or another interface – remain unknown. Traders should approach any unverified claims about platform features with caution.
Regulation and Security
The most critical finding is the complete lack of regulatory licensing. MAKEMONEY-FX is not listed with any major financial regulator such as CySEC (Cyprus), FCA (UK), or ASIC (Australia). Cyprus registration alone does not confer regulatory oversight.
Without a licence, there is no mandatory client fund segregation, no compensation scheme coverage, and no independent dispute resolution mechanism. This places the broker in a high-risk category regardless of its intended services.
Conclusion for Traders
Given the absence of regulatory protection and the limited available information, traders should treat MAKEMONEY-FX with extreme caution. The lack of independent reviews or verified operational details makes it difficult to establish trust.
Potential clients are strongly advised to request proof of regulation and audited financial statements before depositing any funds. Until such evidence is provided, this broker carries significant counterparty risk.
Overview compiled by FXCanary from regulatory records and public data. full MAKEMONEY-FX review