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funda markets

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I wanna know its license. Thanks.
Carly Light
Macedonia
2023-06-19
ANSWER Funda Markets is an unregulated broker that we advise against trading with despite the seemingly attractive deals it offers.Funda Markets claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 26822 IBC 2022. While it is true that we found matching records in the SVG FSA register, investors must be aware that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage nor regulates entities involved in such activities. As such, the financial services or products offered by Funda Markets remain unsupervised by the relevant regulatory body.Regarding your question, Funda Markets only holds a license from the SVG FSA, which still cannot support its legitimacy. This is an unregulated trading platform with significant risks including financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, we strongly suggest investors stay away from unregulated brokers like Funda Markets and choose fully regulated ones instead.
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