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Does Bull Invest charge fee when Im not trading?
Cesar Moskvin
Kiribati
2023-09-28
ANSWER If you are looking to engage with Bull Invest, we strongly suggest you drop that plan. It is an unlicensed platform warned by a financial regulatory body.Bull Invest claims to be based in the UK, but it does not have a registration with the Financial Conduct Authority (FCA). Therefore, it doesn't comply with the regulations in this country.Bull Invest also says it is regulated by the European Financial Security, but this is a fake name for a nonexistent authority. Such a lie further underscores its fraudulent nature.Moreover, the Federal Financial Supervisory Authority (BaFin) has issued a consumer warning about Bull Invest and its activities. BaFin has found out that Bull Invest is offering financial and investment services on its websites "bullinvest.in" and "bullinvest.trade" without the necessary authorization.Therefore, Bull Invest has no regulatory oversight. Investing with this broker is very dangerous, as there are no legal safeguards for the investors' funds. If anything goes wrong or it goes out of business, its clients may not be able to reclaim their funds or get compensation. To avoid such a disaster, it is better to choose a fully regulated broker instead.
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