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stocksbit fxtrades-(stocks-bit-fx-trades)

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Could you tell me about the license information of this platform?
Justin Taylor
Greenland
2023-07-31
ANSWER STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) is not licensed to provide investment services/products and has been warned by the Financial Conduct Authority (FCA) for illegal operations.Although STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) displays an incorporation certificate from the Companies House (CH) to appear legitimate, it is crucial to note that the CH only serves a registrar of companies in the UK and not empowered to issue financial licenses. In the UK, the authority to issue licenses and regulate entities engaging in financial activities rests with the FCA. However, the UK financial watchdog has issued a warning against STOCKSBIT FXTRADES (STOCKS BIT FX TRADES) for providing financial services or products without their authorization.Given the unlicensed status and the warning it received, we strongly suggest investors steer clear of STOCKSBIT FXTRADES (STOCKS BIT FX TRADES). It comes with significant risks, such as financial losses and identity theft, which could be financially and personally devastating, as there are no rules in place to safeguard them. Therefore, investors are encouraged to exercise extreme caution and avoid unlicensed brokers like STOCKSBIT FXTRADES (STOCKS BIT FX TRADES). To mitigate such risks, it is advisable to choose a fully regulated one.
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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.