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Is this broker ShenzhouCapital safe?
Ahmad Yusuf
Indonesia
2024-11-13
ANSWER Dear Investor,Thank you for reaching out to us. We found ShenzhouCapital is offering financial services and products through the website shenzhoucapital.com. If this is the platform you inquired about, we strongly suggest you avoid using it as we believe it to be a scam. Here are several red flags to watch out for:1. Recent Domain Registration: The domain of ShenzhouCapital was registered in February 2024, making it a relatively new investment website.2. Lack of Transparency: The company behind ShenzhouCapital is almost anonymous, making it challenging to hold them accountable if any issues arise. They can vanish at any time.3. Unlicensed Offerings: The claim of being registered in St. Lucia cannot be considered a valid license for its business, as this is an offshore area that doesn't license forex trading. Despite the alleged address in the UAE, no corresponding records suggest that it is properly supervised there.Therefore, ShenzhouCapital is unregulated and very risky. We strongly suggest you stay away from ShenzhouCapital to protect your funds and personal information. If you have any further inquiries or need assistance, please feel free to contact us.
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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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