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bitblanco

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ANSWER We strongly advise against depositing any funds with Bitblanco, a trading platform that lacks proper licensing.The Commissione Nazionale per le Società e la Borsa (CONSOB) has not only issued a warning about Bitblanco but also ordered a blackout of its website due to unauthorized provision of financial services or products.These factors raise serious concerns about potential fraudulent activities. Therefore, we recommend investors to steer clear of Bitblanco and similar unlicensed platforms. For the protection of their interests, traders should consider platforms that adhere to stringent regulations.

Is Bitblanco's spreads competitive?

Jasper Kiko

Grenada

2024-01-18

ANSWER When choosing a trading platform, the foremost consideration should be the verification of its licenses. Bitblanco, being an unlicensed trading platform, is strongly discouraged for use, irrespective of the attractiveness of its offerings.Despite its claims of being based in the UK, there is no evidence to suggest that Bitblanco is registered with the Financial Conduct Authority (FCA). Furthermore, the Italian Commissione Nazionale per le Società e la Borsa (CONSOB) has issued a warning against Bitblanco and ordered the shutdown of its website due to unlawful activities.Bitblanco's lack of oversight from any regulatory bodies makes it a risky choice for investors, exposing them to potential fraud and identity theft. For a secure trading environment, it is recommended to avoid unlicensed platforms like Bitblanco and opt for those that are fully regulated 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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.