ANSWER Dear Investor,
Thank you for reaching out to us. We are concerned that SPX Trade is a scam.
The trading platform falsely claims to be regulated by the Financial Conduct Authority (FCA). There are no indications that it is authorized by the British major financial regulator. What's more, the Comisión Nacional del Mercado de Valores (CNMV) has included SPX Trade to its warning list for operating without the required authorization.
Therefore, we strongly suggest you avoid using SPX Trade. For a safer trading environment, it is recommended to opt for fully regulated brokers instead.
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