ANSWER Regardless of how attractive the trading conditions appear, we strongly suggest you avoid using SydneyFX.SydneyFX seems to be operating in an unregulated environment, as it doesn't provide any licensing details to demonstrate its legitimacy. Despite claiming to be located in Cyprus, our investigation revealed that SydneyFX is not regulated by the Cyprus Securities and Exchange Commission (CySEC) as there are no corresponding records in the CySEC's register.In light of this, SydneyFX cannot be trusted. Investors should stay away from such unregulated brokers to avoid becoming victims of potential fraud schemes. It is wise to choose fully regulated brokers.
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