ANSWER Given that Signet Capital is an unlicensed trading platform, we strongly recommend avoiding it, irrespective of the allure of its deals.Signet Capital purports to be regulated by the FISEU, a fictitious regulatory authority that has been flagged by the Federal Financial Supervisory Authority (BaFin) in Germany. Additionally, the Ontario Securities Commission (OSC) has issued a warning against Signet Capital, stating that this broker is not authorized to conduct securities trading business in Ontario.Therefore, to avoid becoming a victim of potential fraudulent activities, it is advised to steer clear of Signet Capital. Opting for fully regulated brokers is a safer alternative.
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