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etor fx-trading

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Do they offer tight spread?
Satria Prata
Nepal
2023-07-31
ANSWER If you are looking to deal with Etor FX Trading, we strongly suggest you exercise extreme caution and be aware of the risks involved because it is an unlicensed broker warned by the Financial Conduct Authority (FCA) for illegal operation.Etor FX Trading claims to be multi-regulated by various governing bodies, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Sector Conduct Authority (FSCA), the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for the company on the registers of the aforementioned watchdogs couldn't find any corresponding records, suggesting that its assertion is false.Furthermore, Etor FX Trading claims to be registered in the US. According to US law, Etor FX Trading is required to be a member of the National Futures Association (NFA). However, no data matching the company in the NFA registry.In addition, the FCA has added Etor FX Trading to its warning list, cautioning investors of this unauthorized firm. You can find more information here.In conclusion, Etor FX Trading is an unlicensed broker coming with significant risks, such as financial losses and identity theft, which could be financially and personally devastating. Without regulatory oversight, investors' interests cannot be protected effectively. Therefore, investors are encouraged to stay away from unlicensed brokers like Etor FX Trading 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.