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BenefitFX
Regulators:
No, BenefitFX is not a legitimate broker.
The broker claims to be operated by Mortelle Ltd, a company allegedly registered with the Marshall Islands Registry (IRI) to establish its legitimacy. However, our search in the IRI register indicates that the company's registration has been canceled. Moreover, it is crucial to note that mere registration with the IRI does not constitute evidence of legitimacy in the forex market, as this agency does not have the authority to license and regulate forex trading activities.
Given these facts, BenefitFX is operating in an unregulated environment, which poses additional risks to investors. To protect themselves from falling victim to potential fraud schemes, investors are advised to avoid unlicensed brokers like BenefitFX and instead opt for fully regulated ones
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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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