ANSWER We always recommend doing thorough research and considering the regulatory status of a broker before investing. RANESCAPITAL is an unlicensed trading platform, and therefore we strongly suggest you avoid it.RANESCAPITAL lacks transparency about its regulation and contact details. This is a red flag as legitimate companies typically display their licenses prominently. In addition, the Federal Financial Supervisory Authority (BaFin) has warned that RANESCAPITAL is operating without authorization (read the BaFin press release here). Given that it's not regulated by any authority, RANESCAPITAL poses risks of fraud and identity theft. To safeguard their interests, investors are advised to steer clear of RANESCAPITAL and other unlicensed platforms, and instead choose fully regulated ones.
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