ANSWER We strongly suggest you do not trust Rarebull, an unlicensed broker.Rarebull, claiming to be regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), also asserts to have a registration number, 14764071, from the Companies House (CH). However, CH records show it's "active to strike off", and both FCA and ASIC have no records for it. What's more, the FCA has issued a warning against Rarebull, refuting its claim of being authorized by them. This is a compelling evidence of the broker's illegitimacy and dishonesty.In light of this, Rarebull is far from being a secure option. To avoid falling victim to potential fraud and identity theft, investors should stay away from unlicensed brokers like Rarebull. It is recommended to choose fully regulated ones.
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