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fxbay

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I would like to know all the information about FxBay's spread please.
Ethan Craig
Malaysia
2023-08-01
ANSWER If you are looking to engage with FxBay, we strongly suggest you drop that plan. If you have opened an account with this fraudulent platform, we advise you to proceed with extreme caution and have no further dealings with it. FxBay is an unlicensed broker carrying significant risks, such as financial losses and identity theft.FxBay claims to be operated by FxBay Live Limited, an International Business Company registered in St Vincent and the Grenadines with Registration Number 25690BC2019. However, neither the company name nor the license number can be found in the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). This means the license information provided by FxBay is false. Furthermore, the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. As such, even if FxBay's SVG FSA registration were real, the investment services/products it offers remain unlicensed.In conclusion, FxBay is an unlicensed broker. Without regulatory oversight, investors using this platform are not protected from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like FxBay and instead choose a fully regulated one.
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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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