ANSWER StateHills is not a regulated or licensed broker for traders even though it states offers that look good to be true.StateHills claims it was founded in 2005 and specialized in Forex trading. But when we checked its domain, we found it was created in 2022. So how could it start its business in 2005? It is a red flag here. Besides, this broker shows its company address is in Switzerland. As per relevant law, the Swiss Government has granted exclusive to the Swiss Financial Market Supervisory Authority (FINMA) to act as a regulatory watchdog for different types of financial firms that include stock exchanges, stock brokers, forex brokers, banks, insurance companies, securities dealers, fund managers, and any other kind of entity that deals in the financial markets. However, we only found a warning against StateHills issued by FINMA for this broker not entered in the commercial register. You can check the full warning from here.The truth is, StateHills 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 StateHills and trade with licensed brokers.
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