ANSWER IM Market is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.IM Market's website domain ("immarket.online") was registered on March 10, 2023. Despite only existing for a few months, on its website IM Market falsely represents that it was founded in 2016. In an attempt to appear legitimate, IM Market displays an address in Kuala Lumpur on its website. As per Singapore law, IM Market is required to obtain authorization from Monetary Authority of Singapore (MAS) before it can solicit investors. However, we have been unable to locate a firm called IM Market Inc. in the MAS register.Regarding your question, IM Market is an unlicensed broker that carries significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors' interests. Therefore, we strongly suggest investors stay away from unlicensed brokers like IM Market and instead choose a fully regulated one.
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