ANSWER Forexland, unfortunately, does not appear to be a safe choice for investors.Forexland presents conflicting information about its legal status. It professes to be the trading name of FXland Limited, a company that is only registered with the Marshall Islands Registry (IRI). This agency, however, does not have the authority to issue licenses for or regulate forex trading. In a contradictory claim, Forexland also alleges an affiliation with Nidex Limited, which falsely purports to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). Regardless of these claims, Forexland lacks the necessary authorization to operate as a forex broker.Given these circumstances, we strongly advise investors to steer clear of Forexland. Engaging with this unlicensed platform could potentially expose individuals to risks such as fraud and identity theft. For the protection of their interests, traders are recommended to opt for brokers that are fully regulated.
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