ANSWER Best Capital is a non-regulated broker that we advise against trading with despite the seemingly attractive deals it offers.Best Capital claims to be operated by Best Capital Ltd, a company registered in Republic of Marshall Islands with registration number 107414. However, our search for this company in the register of the Marshall Islands Registry (IRI) discovered that its registration with the agency has been annulled. What's more, the IRI is a privately held maritime and corporate registry service provider and has no authority to issue forex licenses or regulate entities involved in such activities. In essence, Best Capital is operating outside the regulatory framework.Regarding your question, we strongly suggest you avoid dealing with Best Capital since it is an unlicensed broker. It is a trading platform coming with significant risks such as financial losses and identity theft, as there are no safeguards in place to protect investors from fraud or theft. Therefore, to avoid such risks, investors are encouraged to stay away from unlicensed brokers like Best Capital and opt for fully regulated ones instead.
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