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Does MINERSFINANCE offer a demo account?
CHRISTOFFERSON
貝南
4小時前
ANSWER We strongly suggest avoiding trading with MINERSFINANCE, an unlicensed broker. Its authenticity is questionable, as it uses a company number linked to a dissolved entity to substantiate its legitimacy. Furthermore, this broker has not provided any other information to demonstrate its legitimacy. The UK's financial regulator, the Financial Conduct Authority (FCA), has issued a warning against MINERSFINANCE, flagging it as an unauthorized firm in the UK. This is a significant red flag. Given these findings, MINERSFINANCE is far from being a secure option for investors. To avoid falling victim to potential fraud schemes, we advise investors to steer clear of MINERSFINANCE and instead choose fully regulated brokers.
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Can I trade with Sigma Capital?
Dagmar Ellina
新加坡
5小時前
ANSWER We strongly advise against trading with Sigma Capital, an unregulated broker. Despite using exaggerated language to establish its reputation, Sigma Capital fails to disclose any licensing information to substantiate its alleged presence. It even goes as far as to conceal specific contact information, including its physical address, making it difficult to locate. This lack of transparency is a disadvantage for investors and authorities alike, as it hinders the tracing of the entity in case of issues. Moreover, the Commissione Nazionale per le Società e la Borsa (CONSOB) has added Sigma Capital to its warning list, ordering the shutdown of its website due to its illicit provision of financial services. Given these circumstances, Sigma Capital presents substantial risks. We strongly recommend that investors steer clear of this unlicensed broker to protect themselves. Instead, we highly recommend choosing fully regulated brokers.
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4xAi sent me profile, saying they are legitimate. Can you verify?
Xavier Etu
科摩羅
7小時前
ANSWER No, our verification indicates that 4xAi is not a licensed broker. Their claim of being authorized by the Mwali International Services Authority (MISA) appears to be unfounded, as neither "4xai" nor "lighthouse" (the first word of the alleged company's name) has any matching records in the MISA register. Furthermore, the Belgian Financial Services and Markets Authority (FSMA) has added 4xAi to its warning list and strongly advises against responding to any offers made by the platform. This serves as a significant alert about the substantial risks associated with 4xAi. Given these facts, we strongly recommend investors to steer clear of 4xAi to avoid falling victim to potential fraud and identity theft. For a safer trading environment, we advise considering fully regulated brokers.
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Is Financial Magnum legit?
Thanos Smagin
加拿大
12小時前
ANSWER Financial Magnum is not a legitimate broker. In fact, it has been flagged by the Financial Conduct Authority (FCA) as a clone firm. The licensing information it claims to have, such as license number 359/18 issued by the Cyprus Securities and Exchange Commission (CySEC), is not associated with Financial Magnum at all. Instead, this license number is linked to a company named Magnum FX (Cyprus) Ltd, whose registered websites are currently non-functional. This company has voluntarily applied for the cancellation of its authorization from the CySEC. It appears that Financial Magnum is misappropriating the information of this entity to create a false sense of legitimacy. Consequently, the FCA has issued a warning about Financial Magnum, identifying it as a clone firm, and advising investors to steer clear of this fraudulent broker. Financial Magnum poses a substantial risk of fraud and losses. Investors are strongly advised to avoid any engagement with this platform and to opt for fully regulated brokers instead.
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I doubt if JS is a scam.
Vince Dunajski
United Arab Emirates
2024-05-17
ANSWER There are indications that JS could potentially be a scam. Despite its assertions of being regulated, JS fails to disclose its licensing information publicly, which investors could use for verification. This omission casts a shadow of doubt over the authenticity of its claims.JS provides an address, purportedly of its office, but the details are vague and do not specify an exact office. Given its alleged location in the UK, we undertook a search in the Financial Conduct Authority (FCA) register to determine if it is indeed authorized. However, our search yielded no results.From these observations, it appears that JS operates outside the regulatory framework, making its offerings risky. To safeguard against the potential loss of funds in fraudulent schemes, investors are strongly advised to avoid JS and instead opt for brokers that are fully regulated.
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Should I trade with Marketforetrading?
Forexia
庫克群島
2024-05-16
ANSWER No, we recommend avoiding Marketforetrading. It is not only an unlicensed broker, but it also appears to be a potentially fraudulent entity.Our investigation indicates that the registration information the broker provides is baseless. Furthermore, its claim of being regulated by the Financial Conduct Authority (FCA) has been directly contradicted by the UK's financial watchdog. The FCA has issued a warning against Marketforetrading, explicitly stating that it is not authorized by them.It's important to highlight the exceptionally high Return on Investment (ROI) that Marketforetrading promises. This promise of guaranteed profits is often a scam tactic used to attract unsuspecting investors. Investing is complex, and no regulated brokers can guarantee profits, especially at such high rates.Given these findings, we strongly advise investors to steer clear of Marketforetrading to avoid falling victim to potential fraud schemes. For a more transparent and safer trading environment, we recommend choosing fully regulated brokers.
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