ANSWER When choosing a forex broker, conducting comprehensive due diligence is paramount. Explicit Base is an unregulated trading platform, and as such, it's advisable to steer clear of it.This investment site uses hyperbolic language to present itself as a trustworthy forex broker. However, this company, which claims to be based in the US, has not adhered to the necessary regulations to register as a member of the National Futures Association (NFA). Regardless of its enticing claims, without regulatory supervision, it lacks authenticity and could potentially be a scam.Therefore, we strongly recommend investors to avoid Explicit Base and other unregulated brokers, as they could become victims of fraud and identity theft. For a more secure trading experience, it's advisable to opt for fully regulated brokers.
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