Our investigation into MangoTrade 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.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is MangoTrade?
MangoTrade markets itself as an online trading and investment service. Its public site is presented at https://mangotrade.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 MangoTrade regulated?
We could find no evidence that MangoTrade holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- No credible physical address or verifiable corporate record
- Offshore or shell-company registration used to avoid oversight
- Opaque or anonymous corporate ownership
- Account dashboards that show “gains” with no real market exposure
- Unrealistic profit claims and pressure to deposit more
Our analysis
MangoTrade 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 MangoTrade. 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 MangoTrade 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. Therefore, it is a scam.
Can you recover money lost to MangoTrade?
If you have deposited with MangoTrade, 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.
Were you scammed by MangoTrade?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.