ANSWER Comhar Capital is an unautorized broker and should be avoided at all events. Comhar Capital claims that it is registered and regulated by three US financial regulators, including FINRA, SEC and FINMA.We indeed find match results on FINRA and SEC. However, FINRA is a self-regulatory organization, which does not regulate forex investment activities. SEC belongs to a federal institution, which also does not regulate forex investment activities.As for FINMA regulation, we find no results about Comhar Capital on FINMA registry. That is to say - the firm is merely a registered firm under no regulation.We would recommend traders stay away from Comhar Capital and any other unregulated brokers, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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