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exc24optxtrade

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Does Exc24optxtrade provide service in USA?
Matt Jaffry
Burkina Faso
2023-10-25
ANSWER Exc24optxtrade is an unlicensed trading platform that has even drawn a warning from the Financial Conduct Authority (FCA) for unauthorized activities. We strongly suggest you avoid it. Even if it accepts customers from the US, such practice is illegal, and traders dealing with it are at great risks.Exc24optxtrade says it has a license from the British Virgin Islands Financial Services Commission (BVI FSC), but we cannot find any valid information on the BVI FSC website that matches Exc24optxtrade. This is a warning sign.The FCA also alerted that Exc24optxtrade was offering financial services or products without permission. Here is the full FCA warning and you can find more details about this unauthorized firm.The reality is that Exc24optxtrade has no regulation from any authorities. It is risky to let it handle or manage investors' money, and the money cannot be protected by any laws. To avoid falling victim to investment scams, it is advisable to steer clear of unlicensed trading platforms and instead choose fully regulated ones.
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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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