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Which currencies can I use on Finnetz24?
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Mayotte
2024-01-08
ANSWER We advise you to steer clear of Finnetz24, as it is an unlicensed trading platform.The website is primarily in German, indicating that its main target audience may be German residents. However, it has not complied with the country's regulations by obtaining authorization from the Federal Financial Supervisory Authority (BaFin). This non-compliance has led to an investigation by BaFin. As per the authority's press release, Finnetz24 operates outside the regulatory framework set by BaFin.Moreover, despite claims of being based in the UK, the company is not registered with the Financial Conduct Authority (FCA).These factors suggest that Finnetz24 may not be a safe choice for traders. The lack of regulatory oversight leaves its clients exposed to potential fraud and identity theft. To minimize such risks, we strongly advise investors to steer clear of unregulated platforms like Finnetz24 and opt for fully regulated ones with established reputations.
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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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