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wizifx

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ANSWER Despite the allure of its seemingly attractive deals, Wizifx is, in fact, not a viable option. This company, while claiming to be registered in St. Vincent and the Grenadines, appears to be unregulated according to our verification with the relevant financial authority, the Financial Services Authority (SVG FSA). Engaging with an online platform that operates outside of regulatory oversight carries significant risk.As a result, we strongly advise against engaging with Wizifx to avoid potential fraud and identity theft. For a more secure trading environment, we recommend choosing brokers that are fully regulated.

Please tell me about Wizifx's regulation.

Antonios Abdullah

Chile

Dec 25, 2023

ANSWER Wizifx operates without regulation. It claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), but our search for its name and alleged registration number yielded no results. Even if the registration were valid, its services would still be considered unlawful, as the SVG FSA does not license forex trading brokerage activities.In essence, Wizifx is not regulated, which makes engaging with this unlicensed platform risky. Traders could potentially become victims of fraud and identity theft. To mitigate such risks, it is advisable to avoid Wizifx and other unlicensed brokers, and instead opt for fully regulated ones with solid reputations.

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Risk Warning

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.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.