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What withdrawl method does Rise Invest offer?
Itamar Nazim
Seychelles
2023-09-08
ANSWER While selecting a forex broker, its regulatory compliance must be your number one focus. Since Rise Invest is an unlicensed platform, we strongly suggest you avoid it.While Rise Invest provides an address in the UK to appear legitimate, there are no indications that it is registered with the Financial Conduct Authority (FCA). This is a red flag.Furthermore, the Federal Financial Supervisory Authority (BaFin) warns consumers about Rise Invest and the services it is offering, saying it is offering financial and investment services on its website riseinvest.me without the required authorisation, is not supervised by BaFin, and is not affiliated with the supervised company Finanzinvest Consulting GmbH. The full warning can be accessed here.Given its unlicensed status and the BaFin warning, investors are strongly advised against dealing with Rise Invest. It poses significant risks to traders. Individuals engaging with this platform are vulnerable to fraud and identity theft, as there are no rules in place to protect them. Therefore, to mitigate such risks, we highly recommend choosing a fully regulated broker instead.
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