ANSWER It is strongly recommended to avoid engaging with Tradewise (TradewiseFX), irrespective of the enticing deals it may propose.The platform is found to disseminate misleading regulatory information. Despite its assertions of being based in the UK and the US, our research indicates that it is not registered with either the Financial Conduct Authority (FCA) or the National Futures Association (NFA). The FCA has further corroborated its lack of authenticity by issuing a warning against it, labeling it as unauthorized in the UK.Therefore, Tradewise (TradewiseFX) poses significant risks, including fraud and identity theft. To safeguard oneself from such fraudulent activities, it is prudent to steer clear of Tradewise (TradewiseFX). Opting for fully regulated brokers is a safer alternative, as it can help reduce such risks.
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