Merchants classified with this MCC are licensed, in all jurisdictions they sell into to buy, sell and broker securities, stocks, bonds, commodities, and mutual funds. The MCC is high risk because it includes financial trading platforms that may use card-absent transactions (in other words, buying stocks on a credit card rather than with cash you own).

SafetyKit can tell the difference between a legitimate financial investment and a scam. Try it out to monitor merchants, classify MCCs, and action on suspicious activity.