ANSWER Bistroklub is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.Bistroklub, In an attempt to create the impression of being regulated, gives a vague description about its regulatory status. While it claims to be regulated by the U.S. Securities and Exchange Commission (SEC) and the Investment Industry Regulatory Organization of Cananda (IIROC), the trading platform fails to provide the specific license numbers. We searched both regulators' registers, but no corresponding records were found, suggesting the claim is a false statement.Additionally, the Financial Conduct Authority (FCA) has added Bistroklub to its warning list for offering financial services or products without their authorization. You can access the full warning here.Regarding your question, Bistroklub is not a safe choice for investment because it not only is an unlicensed broker but also has received a warning from a financial watchdog. It is highly risky to let the trading platform hold your money and personal information, as there are no rules in place to safeguard them. Therefore, we strongly suggest investors stay away from unlicensed brokers like Bistroklub and instead choose a fully regulated one.
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