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klmfx

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Do they accept traders from the UK?
Louie Quinn
United Kingdom
2023-07-03
ANSWER KLMFX is an unregulated broker that we advise against trading with, despite the seemingly attractive deals it offers.KLMFX claims that it is operated by O.G. Holdings Ltd, a company registered in the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under company number 1624. While it is true corresponding records exist in the SVG FSA register, it is crucial to note that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage, nor does it regulate entities involved in such activities. As such, KLMFX remains unsupervised by the relevant regulatory body.Regarding your question, we strongly suggest you avoid dealing with KLMFX due to its status as an unregulated broker. This is a trading platform coming with significant risks, such as financial losses and identity theft, as there are no legal protections in place to safeguard investors' interests. Therefore, investors are encouraged to stay away from unregulated brokers like KLMFX and instead choose a fully regulated one.
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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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