ANSWER If you are looking to start your trading life with BRAGA CAPITAL FX LLC, we strongly suggest you steer clear of them due to their status as an unlicensed broker.BRAGA CAPITAL FX LLC is not licensed. While we did locate a firm called BRAGA CAPITAL FX LLC on the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), under registration number 2198 LLC 2022, it is crucial to note that the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed in this jurisdiction.Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added BRAGA CAPITAL FX LLC to its warning list for providing investment services without authorization.In conclusion, BRAGA CAPITAL FX LLC is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there are no rules in place to prevent fraud or theft. Therefore, investors are advised to stay away from unlicensed brokers like BRAGA CAPITAL FX LLC and instead opt for a fully regulated one.
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