ANSWER We strongly advise against engaging with PINNACLE FX TRADES, an unlicensed forex broker, to safeguard against potential fraud and identity theft.The broker fails to provide essential details about its operations, including physical addresses, contact numbers, and licensing information. This lack of transparency is a significant indicator of potential scam activities. The Financial Conduct Authority (FCA), the UK's financial market regulator, has issued a warning against PINNACLE FX TRADES, identifying it as an unauthorized firm unlawfully targeting UK investors.Therefore, PINNACLE FX TRADES is not a safe option for investors. Entrusting this broker with your funds and personal information carries substantial risk. To mitigate such risks, we recommend avoiding unlicensed brokers like PINNACLE FX TRADES and opting for fully regulated ones instead.
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