ANSWER NFTWorld is not a licensed or regulated broker even though it states offers that look good to be true. NFTWorld claims to be a multi-regulated broker with authorization and regulation in several regulatory bodies, including:1) The United Kingdom Financial Conduct Authority (FCA);2) The Australian Securities & Investments Commission(ASIC);3) The South Arica Financial Services Conduct Authority (FSCA);4) The Seychelles Financial Services Authority (Seychelles FSA). However, we did not find any match results to NFTWorld in FCA, ASIC, and FSCA. When we searched in Seychelles FSA, we only found a warning issued by Seychelles FSA against NFTWorld for providing financial services without authorization and regulation. You can check the full warning from here.The truth is, NFTWorld is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like NFTWorld and trade with licensed brokers.
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