Is BITFOREX TRADE regulated in Britain?

https://bitforextrades.live/    

BITFOREX TRADE is not regulated in the UK, as evidenced by the warning from the Financial Conduct Authority (FCA), the UK financial watchdog.

This is a red flag that BITFOREX TRADE, the allegedly US-based broker, isn't registered as a member of the National Futures Association (NFA).

While its website showcases a certificate from the Companies House (CH) to appear legitimate, mere registration with the CH doesn't mean the authorization for financial business. What's more, the FCA has red-flagged BITFOREX TRADE and issued a warning against this unauthorized firm.

Therefore, BITFOREX TRADE is an unregulated broker. Without regulatory oversight, individuals dealing with the platform are exposed to fraud and identity theft, and they may not be able to recover their funds or seek compensation from any official body if things go wrong. To safeguard investors' interests, it is advisable to choose a fully regulated broker instead.