Broker Review

Unauthorised Firm Details
Name: Molero.io
Website: molero.io

Molero (molero.io) Faces Regulatory Warnings and Fraud Allegations

Molero, accessible via the domain molero.io, presents itself as an online trading platform offering a wide range of financial instruments including Forex, Cryptocurrencies, CFDs, Stocks, Indices, and Commodities. While the platform appears to offer diverse trading options, serious concerns have emerged regarding its regulatory compliance and overall legitimacy.

Molero does not list any physical office address within the UK on its website, it appears to be aggressively marketing its services to UK residents through online advertisements and promotional materials. Under UK law, any financial firm operating within or targeting customers in the UK must be authorized by the FCA. Molero’s lack of such authorization, combined with its active targeting of UK consumers, confirms that it is functioning as an unauthorized and unregulated financial entity—a serious legal and ethical violation.

Legitimate financial institutions typically operate with clear, verifiable information and have long-standing domain registrations that reflect their credibility. The use of domain privacy, especially by a financial platform, is often considered a red flag—particularly when paired with regulatory violations.

Growing Reports of Fraud and Customer Complaints

Throughout our investigation, we received multiple reports of fraudulent activities involving Molero. Users have reported issues such as:

• Delayed or denied withdrawals

• Being pressured to deposit more funds

• Misleading account balances or profits

• Lack of communication or customer support after deposits

In addition, several verified consumer review platforms have documented similar complaints, many labeling Molero as a potential scam operation. The consistency of these negative experiences further supports the conclusion that the platform may not be operating in good faith.