Brokers  /  MINT

MINT

Severe risk
🇲🇺 Mauritius · 2-5 years · since 2023-09-15 · Mint AFK Markets Ltd
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.4/10
Trustpilot2.7/5
Forex Peace Army/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Mauritius (offshore, light oversight)
  • Withdrawal complaints in ~33% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints5412%
Offshore registration808%
Transparency (site/info/social)010%
Real-user sentiment508%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMint AFK Markets Ltd
Headquarters🇲🇺 Mauritius
Founded2023-09-15
Years operating2-5 years
Employees0
Official websitemintcfd.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
Office 707, Seventh floor, Sterling House, 9-11 Lislet Geoffrey Street Port Louis, Mauritius

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Rating mismatch — Industry-tracker scores run far lower than real users do (gap -2)

The review record is mixed but revealing: positive feedback overwhelmingly highlights easy platform use, zero brokerage, and instant withdrawals. However, two serious complaints cut through the praise—a user whose trades were forcibly closed when a bonus was revoked, and another trader still awaiting payouts despite profitable AI trading. These concrete incidents, set against the broker’s unregulated status, indicate that reliability can break down unpredictably, making the glowing reviews an incomplete picture.

Best for
  • High‑risk‑tolerant short‑term traders seeking low brokerage
  • Demo‑only practice on Indian market instruments
Not for
  • Risk‑averse traders requiring regulatory fund protection
  • Investors relying on consistent, transparent withdrawals
  • Long‑term position holders
Period:
What users complain about
What users praise
Where reviewers are from
India9
🇮🇳 IN3
🇦🇪 AE2
🇳🇱 NL1
Positive vs negative · last 4 months Pos Neg
Jun
Jul
Feb
Mar

Real user reviews

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What MINT says about itself as stated by the broker · not independently verified by FXCanary

About MintCFD

The broker describes itself as a trading platform based in India, operated by Mint AFK Markets Ltd, and catering to stock, commodity, forex, and crypto investors.

Products and Services

MintCFD states that it offers leverage of up to 1:100, tight spreads on EUR/USD pairs, and a demo account for practice trading.

Trading Platforms

The trading platforms offered include WebTrader and the MintCFD Trading App, which the broker claims ensures accessibility for all types of traders.

Regulatory Disclosure

The company notes that it operates in an unregulated regulatory environment, meaning it does not hold a license from any financial authority.

About MINT

Who is MintCFD?

MintCFD is a trading brand operated by Mint AFK Markets Ltd, a company registered in Mauritius. The broker launched in September 2023 and presents itself as an India‑focused platform for trading stocks, commodities, forex, and cryptocurrencies. With a claimed emphasis on accessibility, MintCFD offers both a WebTrader platform and a dedicated mobile trading app. The company’s registered address is Office 707, Seventh Floor, Sterling House, 9‑11 Lislet Geoffrey Street, Port Louis, Mauritius. Despite its recent entry, MintCFD has already drawn attention from a small but vocal group of retail traders, primarily through user reviews on independent platforms.

Mint AFK Markets Ltd is listed in business registries, but the company carries a significant red flag: publicly available compliance data shows zero employees. While a lean operation is not unusual for a startup broker, this detail—combined with its offshore domicile—warrants caution. The broker’s own disclosure confirms that it operates in an unregulated regulatory environment.

Regulatory Status and Safety

MintCFD does not hold a license from any recognised financial regulator. The broker itself states that it operates in an unregulated regulatory environment. This means there is no oversight from authorities such as the Financial Services Commission (FSC) in Mauritius, the Securities and Exchange Board of India (SEBI), or any other major body. For traders, this absence of regulation translates into a lack of standard protections: no mandatory client‑fund segregation, no compensation scheme, and no external dispute resolution mechanism. In practice, a trader’s funds may be used for the broker’s own operations, and recourse in the event of a dispute is extremely limited.

The broker’s registered address in Mauritius is a standard office location, which does not guarantee a physical presence or operational team. Mauritius itself is a popular jurisdiction for offshore forex brokers because of its relatively low barriers to incorporation, but without an FSC licence, the address is merely administrative. Traders considering MintCFD should weigh these facts carefully before depositing.

Account Types and Demo Trading

MintCFD has not publicly disclosed a detailed breakdown of account tiers. The broker mentions offering a demo account for practice, and user reviews confirm that live trading is also available. The absence of transparent account specifications—such as minimum deposits, typical spreads, or contract sizes—is a recurring gap in the broker’s public‑facing information. Industry databases and review aggregators that track account conditions for thousands of brokers similarly show no data for MintCFD, suggesting that the broker either does not publish this information or tailors it on a case‑by‑case basis.

What is known from user feedback is that the platform operates with what traders describe as zero brokerage, and leverage is advertised at up to 1:100. While some reviewers have reported smooth account opening and instant deposits, the lack of a standardised account structure means that conditions can change without notice. This opacity makes it difficult for prospective clients to compare MintCFD with regulated alternatives or to assess the true cost of trading before committing funds.

Trading Platforms

MintCFD provides two proprietary platforms: a web‑based WebTrader and the MintCFD Trading App for mobile devices. According to the broker, these platforms are designed to ensure accessibility for all types of traders, from beginners to experienced investors. User reviews mention that the app performed well during high‑volatility periods such as election results and US data releases, suggesting that the platform’s infrastructure is capable of handling real‑time event risk.

The absence of industry‑standard third‑party platforms like MetaTrader 4 or 5 may limit the toolset available to algorithmic traders or those reliant on expert advisors. However, for traders comfortable with a streamlined, web‑based interface, the in‑house solutions appear functional based on the limited positive feedback.

Markets and Instruments

MintCFD claims to cover a broad asset range: stocks, commodities, forex, and cryptocurrencies. The broker’s own description emphasises tight spreads on EUR/USD pairs, which likely serves as the anchor product. User comments do not provide granular insight into the depth of available instruments—such as specific stock CFDs or crypto pairs—so the actual breadth of the offering remains unverified. For traders seeking exposure to Indian markets in particular, the platform’s positioning as an India‑based service may be appealing, but without a regulatory framework, the instrument list should be approached with caution.

Fees and Funding

A central attraction in user reviews is the zero‑brokerage model, which many reviewers highlight as a standout feature. The broker itself has not made an explicit “zero brokerage” claim in its official materials, but the consistency of user reports suggests that commission‑free trading is a core selling point. Typical costs are instead likely embedded in the spread, though no published spread tables are available.

Deposit and withdrawal processes are praised in several reviews as smooth and fast, with one user noting instant profit payouts. However, a contrasting complaint describes a trader waiting on payments despite consistent AI‑driven profits, indicating that withdrawal reliability may not be uniform. The broker has not publicly disclosed its funding methods or any associated fees, leaving traders to discover these details after account opening.

Who Should Consider MintCFD?

MintCFD’s appeal rests on its zero‑brokerage model, simple platform, and apparent speed of execution. These traits may attract short‑term, speculative traders who prioritise low transaction costs and are comfortable operating without a regulatory safety net. The availability of a demo account also makes it possible to test the platform without risk.

That said, the combination of an unregulated status, opaque account terms, and documented user complaints about bonus‑related stop‑outs and delayed payouts makes it unsuitable for risk‑averse investors or anyone requiring reliable fund protection. MintCFD is best viewed as a high‑risk option in the online brokerage landscape, and any engagement should be limited to funds one can afford to lose entirely.

Overview compiled by FXCanary from regulatory records and public data. full MINT review