ANSWER Officialbitmining is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.Officialbitmining doesn't provide details about its regulatory status, which is a clear indication of an unlicensed broker, as legitimate ones always prominently display their accreditation and licenses. In addition, when browsing through their website, we noticed that it claims to be located in the US. However, our search for this broker in the registry of the National Futures Association (NFA), America's authority to regulate futures and derivatives markets, didn't yield any results matching it.Regarding your question, we strongly suggest you avoid dealing with Officialbitmining since it is not subject to any recognized financial regulatory body. Entrusting this broker with your funds is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, investors are suggested to stay away from unlicensed brokers like Officialbitmining and opt for fully regulated ones instead.
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