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Can I trade on EuropeFx Trade?
Clara Kozyr
Mongolia
2023-10-31
ANSWER No, we strongly suggest you avoid EuropeFx Trade, which has strong risks of loss of money.EuropeFx Trade, while claiming to be a secure forex broker, does not provide any regulatory details, which is a red flag for fraudulent activity.The company conceals the identity of its actual operator, leaving customers in the dark about its real address, contact number, and email. It's evident that they don't want their identity to be known to the public. As for the positive testimonials, they could be easily fabricated and thus hold no credibility.Moreover, EuropeFx Trade has been flagged by the Comisión Nacional del Mercado de Valores (CNMV) for offering investment services without proper authorization. The CNMV warning list can be accessed.Therefore, it is highly risky to trade with EuropeFx Trade. Individuals dealing with this unlicensed platform are exposed to fraud and identity theft, as there are no rules in place to safeguard their interests. To minimize such risks, it is advisable to opt for fully regulated brokers 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.

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