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FX Citizen
Regulators:
https://fxcitizen.com/
FX Citizen is an unlicensed broker even though it states offers that look too good to be true.
FX Citizen, also known as Universal Citizen, presents no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
More importantly, three famous regulatory bodies issued warnings against this broker for offering financial services without authorization and regulations, including:
1) The New Zealand Financial Markets Authority (FMA), and you can check the full warning from here;
2) The Hong Kong Securities And Futures Commission(SFC), and you can check the full warning from here;
3) The Italy Commissione Nazionale per le Società e la Borsa (CONSOB), and you can check the full warning from here.
Regarding your question, FX Citizen is not a regulated broker. Letting this broker hold and control investors' funds or trading with them is very risky, since there are no safeguards in place to prevent fraud or theft. Therefore, we would suggest investors stay away from such unlicensed brokers as FX Citizen and trade with fully regulated brokers.
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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.
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.


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