ANSWER PNX FINANCE, upon our investigation, is not licensed. Meanwhile, this trading platform has been reported as a scam by multiple users who have been unable to withdraw funds from their accounts.PNX FINANCE, claiming to be US-based with global branches, lacks specific regulatory status information for these locations, suggesting possible fraud due to this opacity. To be a legitimate US broker, membership in the National Futures Association (NFA) is required, which PNX FINANCE lacks, meaning it's not under NFA oversight.As such, PNX FINANCE poses significant risks to investors. We strongly suggest traders stay away from it to avoid falling victim to fraud and identity theft. Remember, it's important to research thoroughly before investing money online. It is recommended opting for fully regulated brokers with solid reputations for a safer trading experience.
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