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auto5cryptofxpro

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What leverage I can choose to trade on Auto5CryptoFxPro?
Andrew Ashar
Philippines
2023-11-02
ANSWER Auto5CryptoFxPro is an unregulated broker and thus we strongly suggest you drop the plan to engage with it.Auto5CryptoFxPro presents a registration certificate from the Companies House (CH), asserting that it operates under the name Auto5CryptoFxPro LTD with the company number 11445991. However, this number is actually registered to a different company that appears to have no connection with Auto5CryptoFxPro. Furthermore, even if Auto5CryptoFxPro were registered with the CH, this wouldn't validate its operations in forex trading, as the CH doesn't have the jurisdiction to oversee the forex market or its participants.The company claims to have offices in both the UK and the US, but there's no evidence of its registration with the Financial Conduct Authority (FCA) or the National Futures Association (NFA). Therefore, it's not under any regulatory oversight.In summary, Auto5CryptoFxPro is not regulated by any authority. Investing funds with this broker carries a significant risk due to the lack of legal protections for investors' funds. Therefore, traders are advised to choose fully regulated brokers instead.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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