ANSWER FTMO PipsPRO is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.FTMO PipsPRO tries to appear legitimate by displaying a UK business license on its website, but our search for this broker, both in the Companies House (CH) and the Financial Conduct Authority (FCA) registries, found no record of its existence. This means that FTMO PipsPRO is not regulated and any offering of financial products or services by this broker is illegal.Regarding your question, FTMO PipsPRO is not supervised by any regulatory body, not to mention the Asian regulators. Entrusting this broker with your funds or personal details is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid unlicensed brokers like FTMO PipsPRO and opt for fully regulated ones instead.
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