ANSWER Bitfinexfx is not a licensed or regulated broker even though it states offers that look good to be true. Bitfinexfx claims to be a professional broker without presenting information about its regulation, contact, or legal documents. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Moreover, the Ontario Securities Commission (OSC) issued a warning that Bitfinexfx is not registered in Ontario to engage in the business of trading in securities. You can check the full warning from here.The truth is, Bitfinexfx is no longer under valid regulation 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 Bitfinexfx and trade with licensed brokers
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