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I want to open an islamic account. Is it possible in Assets Genius?
Floress
Lithuania
2023-04-21
ANSWER Assets Genius is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.Assets Genius claims to be operated by AGV LTD, a company regulated by the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority (FSCA), and the the Financial Conduct Authority (FCA) under the license number 42864123. However, our search for this broker in the registries of the above-mentioned regulators didn't yield any results matching it. That means it is using false information to deceive unsuspecting investors. In addition, the FCA has issued a warning against Assets Genius for its illegally offering financial services or products without authorization. You can check the full warning here.Regarding your question, our advice is not to deal with Assets Genius since it is an unregulated broker. Entrusting this broker to hold and control your funds or trading with it is highly rsiky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Assets Genius and choose fully regulated ones instead.
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