About Manovitch Group
Overview
Manovitch Group is a financial services entity registered in the United Kingdom and operating the website manovitchforex.com. The firm was founded on 19 March 2020, placing it among relatively newer market entrants. However, the company is not listed with any known financial regulatory authority, a significant factor for traders to consider.
As of the latest review, Manovitch Group holds no licence from the UK Financial Conduct Authority (FCA) or any other major regulator. The absence of regulatory oversight means that client funds are not protected by schemes such as the Financial Services Compensation Scheme (FSCS), and there is no independent dispute resolution mechanism. Our records indicate an FXCanary Scam Risk Score of 48/100, classified as 'Guarded', reflecting a moderate level of risk due to the unregulated status and limited public information.
Company Details
The firm operates under the name Manovitch Group and does not appear to be part of any larger, publicly known financial group. The domain manovitchforex.com suggests a focus on foreign exchange trading, though we were unable to access or verify the content of the website. The company's registered address is in the United Kingdom, but without a regulatory footprint, the physical presence cannot be independently confirmed.
Given that the entity is unregulated, traders should exercise caution. The lack of a verifiable track record or client reviews makes it difficult to assess the firm's operational history or reliability. The company's formation date of March 2020 coincides with a period when many new forex brokers launched, but longevity alone is not a guarantee of trustworthiness.
Product Offering
Based solely on the domain name and the 'forex' suffix, it is plausible that Manovitch Group offers foreign exchange trading services, likely including leveraged forex and CFDs. Without direct access to the website, we cannot confirm the specific instruments, account types, trading platforms, or leverage conditions. Traders are advised that unregulated brokers may not adhere to standard industry practices regarding execution, pricing, or client fund segregation.
Given the absence of independent information, we cannot recommend this broker for any particular trading style or experience level. The guarded risk score implies that only experienced traders who fully understand the lack of regulatory protection should consider an account, and even then only with minimal funds.
Overview compiled by FXCanary from regulatory records and public data. full Manovitch Group review