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How to trade with Micron Group? Where can I open an account?
Matthew Dusting
San Marino
2023-07-21
ANSWER Given it's unregulated status and the warning it has received, we strongly suggest you drop the plan to engage with Micron Group, a fraudulent trading platform posing huge risks to both funds and personal information.Micron Group is trying to use the Legal Entity Identifier (LEI) to convince unsuspecting investors that they are legitimate. However, the LEI only works to enable clear and unique identification of legal entities involved in financial transactions. Having an LEI doesn't mean being authorized to legally engaging in financial activities.Additionally, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Micron Group to warning list for it being an unauthorized company engaging in forex activities. You can read the full warning here.In conclusion, dealing with Micron Group could lead to financial losses and identity theft as there are no legal protections to safeguard investors. Therefore, to mitigate such risks, investors are encouraged to stay away from unlicensed brokers like Micron Group and instead choose a fully regulated one.
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