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Does WavFx have licenses?
Filip
Mozambique
2023-05-09
ANSWER WavFx is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.WavFx claims to be operated by the WavFx Trading Index Limited, registered with the Registrar of Companies for England and Wales (as known as the Companies House). However, our search for this broker on the Companies House website didn't find any matching records, which is a red flag. In addition, brokers operating in the UK must obtain authorization from the Financial Conduct Authority (FCA) to offer financial services or products legally, but our search for this broker in the FCA register suggests that it is not authorized by the agency. This means that WavFx is literally not subject to effective regulations.With regard to your question, WavFx doesn't have any licenses in forex markets. Dealing with this unlicensed broker could lead to significant risks including loss of funds and identity theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like WavFx and opt for fully regulated ones instead.
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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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