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bitfxarena

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What is the stop out level on BITFXARENA?
Fareed Mohammed
Jamaica
2023-10-16
ANSWER You should always check BITFXARENA's licenses before you think about its trading conditions. Cryptocurrencies are very risky to deal with, and the risk becomes even higher if the platform has no regulatory oversight. BITFXARENA is not under any authority's control and we strongly advise you to stay away from it.BITFXARENA says it has been trading cryptocurrencies for more than 10 years, but its domain ("bitfxarena.com") was only registered in September 2022. This makes it very hard to trust its credibility. BITFXARENA claims to be based in the US, but it does not have any registration with the US Securities and Exchange Commission (SEC).Moreover, the Comisión Nacional del Mercado de Valores (CNMV) has warned that BITFXARENA is offering investment services without authorization, another testament to its fraudulent nature. You can refer to the CNMV warning list for more details.To sum up, BITFXARENA is not regulated by anyone. It is very dangerous to give this broker your money, because there are no legal guarantees to protect it. To avoid risks of fraud and identity theft, we strongly suggest investors steer clear of unlicensed brokers like BITFXARENA and instead choose a fully regulated one.
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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.