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Does Plus600 Management Ltd charge transaction fees?
Elpida Theocharous
Senegal
2023-12-08
ANSWER Before engaging in trading activities, it is crucial for investors to verify the licenses of forex brokers. It has come to light that Plus600 Management Ltd is an unlicensed platform, which presents significant risks to traders. Consequently, we strongly advise investors to steer clear of it.Plus600 Management Ltd purports to have offices in the UK and Switzerland. However, there is no evidence to suggest that it is authorized by the relevant financial regulators, namely the Financial Conduct Authority (FCA) in the UK and the Swiss Financial Market Supervisory Authority (FINMA). To underscore the risks involved, FINMA has issued a warning against Plus600 Management Ltd, stating that it is not listed in its commercial register.Trading with Plus600 Management Ltd could potentially lead to fraud and identity theft, both of which can have devastating financial and personal consequences. To mitigate such risks, we recommend avoiding unlicensed brokers and opting for those that are fully regulated and have solid reputations.
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