Myrofinance

Our investigation into Myrofinance found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.

Who is Myrofinance?

Myrofinance markets itself as an online trading and investment service. Its public site is presented at https://myrofinance.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is Myrofinance regulated?

Myrofinance provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.

Red flags we identified

• Account dashboards that show “gains” with no real market exposure
• Opaque or anonymous corporate ownership
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• Offshore or shell-company registration used to avoid oversight
• Unrealistic profit claims and pressure to deposit more

Our analysis

Myrofinance claims to be registered in Financial Services Authority (FSA) of Saint Vincent and the Grenadines, but we don't find any results on FSA of Saint Vincent and the Grenadines matching to Myrofinance. What's more, FSA of Saint Vincent and the Grenadines doesn't regulate forex and it is not a regulatory institution. The truth is that Myrofinance is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Myrofinance is a scam.

Can you recover money lost to Myrofinance?

If you have deposited with Myrofinance, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.