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fxotp

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ANSWER Dear Investor, Thank you for trusting us. We have found a batch of brokers that claim to be registered in St. Lucia but have an office in the U.A.E. Apart from the alleged offshore registration, they cannot provide any other valid licensing information to back up their credibility. FXOTP is among them. We suspect brokers of that situation are fraudulent due to their unlicensed or unregulated status. Therefore, we strongly advise against using FXOTP to protect yourself from potential fraud schemes. It is imperative to thoroughly research your target brokers before risking real money. Stick with major brokers fully regulated by top-tier financial watchdogs.

I doubt FXOTP is a scam.

DonR

France

2024-09-25

ANSWER Dear Investor,FXOTP is likely a scam.Alleged Offshore Registration: FXOTP claims to be registered in St. Lucia, an offshore center that provides minimal protections for investors. It is important to note that this area does not license forex trading, meaning FXOTP operates in an unregulated environment.Lack of Authorization: Despite claiming to be located in Dubai, FXOTP has not obtained the required licenses from relevant financial regulators.Therefore, we strongly advise against using FXOTP to protect yourself from potential fraud schemes. For a safer trading environment, we recommend opting for fully regulated brokers instead.

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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.