ANSWER Dear Investor,
We strongly advise against trusting SydneyFX, as it is believed to be a scam.
Despite claiming to be reputable, SydneyFX fails to provide any solid evidence such as registration information or licensing details to back up those claims. This is a red flag, indicating that it is operating without proper authorization or supervision. Despite the alleged location in Cyprus, there are no indications that it is licensed by the Cyprus Securities and Exchange Commission (CySEC).
Therefore, we strongly advise you to avoid using SydneyFX to protect yourself from potential fraud schemes. For a safer trading environment and peace of mind, we recommend opting for fully regulated brokers instead.
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