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Tedex's trading condition sounds good. Is it safe?
Anubavsheik
Mali
2022-09-13
ANSWER Tedex is not a licensed or regulated broker even though it states offers that look good to be true. Tedex claims to be operated by Vermillion Consulting LLC, a reliable broker registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 1341 LLC 2021. We indeed find a match result to the company name, but please be informed that SVG FSA does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide forex services. More importantly, the Austrian Financial Market Authority (FMA) and the Spain Comisión Nacional del Mercado de Valores (CNMV) both issued warnings against Tedex for not being authorized to provide the investment services. You can check full warnings from FMA and CNMV.The truth is, Tedex is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Tedex and trade with licensed brokers.
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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.

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