ANSWER Floexseat is a unregulated broker that we advise against trading with despite the seemingly attractive deals it offers.Floexseat doesn't provide details about its regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display the accreditation and licenses. When looking through this broker's website, we noticed that it claims to be located in the United States. However, our search for this broker in the National Futures Association (NFA) registry didn't yield any matching results.Regarding your question, our advice is not to deal with Floexseat since it is an unlicensed broker. Entrusting this broker to control and hold your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Floexseat and opt for fully regulated ones instead.
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