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Can I trade Stockbit Options on my phone?
Mohammed Biro
Morocco
2024-01-11
ANSWER When choosing a trading platform, the paramount consideration should be the verification of its licensing credentials. It is evident that Stockbit Options lacks these necessary licenses, and as such, it is strongly advised to steer clear of this platform.Stockbit Options purports to be under the regulation of both the Seychelles Financial Services Authority (FSA Seychelles) and the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA). However, no corresponding records for Stockbit can be found in these regulatory bodies. Notably, the SVG FSA registration number provided does not adhere to the standard format, suggesting it may be falsified. Stockbit Options is not regulated by any recognized financial authorities for forex trading. Consequently, the funds of investors are at risk and lack legal protection. To protect their interests, investors should avoid unlicensed trading platforms like Stockbit Options and instead choose fully regulated ones.
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