My friend told me that PolaxGroup is unregulated, would you help me to verify the platform's license?

Yes, your friend is right. PolaxGroup is unregulated.

It is a significant scam indicator that PolaxGroup fails to disclose its regulatory information and licensing data. The lack of transparency often suggests the intent to defraud.

Furthermore, the fraudulent nature of PolaxGroup has been further proven by the warning from the Financial Conduct Authority (FCA). According to the FCA, PolaxGroup is not licensed by them but targets British citizens.

Therefore, PolaxGroup is an unregulated broker. There are no rules in place to safeguard the money and personal information held by the platform and hence investors are exposed to fraud and identity theft. As such, to avoid such risks, it is advisable to stay away from unregulated brokers like PolaxGroup and opt for a fully regulated one.