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ultranovas

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They offer pretty good conditions to trade. But too good to believe. It is a scammer?
Puck van Leeuwen
Montenegro
2023-07-13
ANSWER Despite the seemingly attractive deals it offers, Ultranovas is a scam due to its status as an unlicensed broker and we strongly suggest you avoid engaging with the fraudulent platform.Ultranovas, in an attempt to appear legitimate, displays an address in the UK on its website. According to the UK laws, if Ultranovas is looking to provide financial services or products in the country, it is required to obtain authorization from the Financial Conduct Authority (FCA). However, the UK financial watchdog has put Ultranovas on its warning list as an unauthorized firm. You can access the full warning here.Since there are no rules in place to safe guard investors' interests, entrusting Ultranovas with your funds and personal information could be highly risky. If dealing with the broker, you are exposed to fraud or theft. Therefore, investors are encouraged to stay away from unlicensed brokers like Ultranovas and instead choose a fully regulated one to mitigate such risks.
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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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