ANSWER Given its unlicensed status, we strongly suggest investors avoid Venus4T.Venus4T, a company claiming to be trustworthy, has not provided any details about its regulatory status. Despite its location in Switzerland, our search in the Swiss Financial Market Supervisory Authority (FINMA) yielded no results.Adding to the concerns, the Ontario Securities Commission (OSC) has issued a warning against Venus4T for offering financial services or products without proper authorization.Allowing Venus4T to manage or possess investors' funds is risky, as these funds are not protected by any legal safeguards. To mitigate such substantial risks, investors are advised to stay away from unlicensed trading platforms like Venus4T and instead choose fully regulated ones.
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