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polaxgroup

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ANSWER Yes, your friend is right. PolaxGroup is unregulated.It is a significant scam indicator that PolaxGroup fails to disclose its regulatory information and licensing data. The lack of transparency often suggests the intent to defraud.Furthermore, the fraudulent nature of PolaxGroup has been further proven by the warning from the Financial Conduct Authority (FCA). According to the FCA, PolaxGroup is not licensed by them but targets British citizens.Therefore, PolaxGroup is an unregulated broker. There are no rules in place to safeguard the money and personal information held by the platform and hence investors are exposed to fraud and identity theft. As such, to avoid such risks, it is advisable to stay away from unregulated brokers like PolaxGroup and opt for a fully regulated one.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.