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Can I use Neteller to deposit on IdolFX?
Sidor
Mauritius
2024-07-16
ANSWER Before risking any real money, it is critical to verify a broker's legitimacy first. Given that IdolFX is not regulated, we strongly suggest you avoid using it.IdolFX claims legitimacy by displaying two certificates: one from the Australian Securities and Investments Commission (ASIC) and another from DEFAC.However, our investigation reveals that IdolFX's ASIC registration has been canceled. DEFAC, an independent self-regulatory agency, does not have the same authority as a financial regulator. Intriguingly, it does not list IdolFX in its register.Additionally, the Financial Conduct Authority (FCA) has issued a warning against IdolFX for operating without the required authorization, which is a significant red flag.Given these circumstances, IdolFX is not a regulated broker and presents substantial risks of fraud and identity theft. To have a safer trading experience, investors are strongly advised to steer clear of unregulated brokers like IdolFX and instead choose fully regulated ones.
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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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