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m24 markets

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Does M24 Markets provide negative balance protection?
AliMohammed
Lebanon
2022-04-07
ANSWER M24 Markets is not legit and should be avoided at all events. M24 Markets claims to be a reliable firm while presenting neither details about its company information (company full name) and regulations, nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinctive characteristic of unlicensed brokers, as legit brokers always display their credentials and licenses in a prominent position. It is a red flag here.Viewing its "Contact us" information, we found the company is located in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results in FCA registry. So M24 Markets is not regulated by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by law. Therefore, it is thoroughly a scam. We would recommend traders stay away from unregulated brokers like M24 Markets and trade with licensed brokers.
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