ANSWER PINE FX MARKETS lacks the necessary license to conduct forex trading activities.The unavailablity of the PINE FX MARKETS website raises concerns, as a well-functioning website is typically a vital component of a legitimate forex broker. It serves as a platform for displaying crucial information, offering products, and facilitating trading. When a broker lacks a website, it often raises suspicion of potential fraudulent activity.Moreover, the AR license number (001300149) that PINE FX MARKETS claimed to hold from the Australian Securities and Investments Commission (ASIC) was canceled as early as May 2023. Consequently, PINE FX MARKETS is an unlicensed trading services provider.Therefore, BrokersView strongly suggests investors steer clear of PINE FX MARKETS. Entrusting the platform with funds and personal information is highly risky, as there are no rules in place to protect them from fraud and theft. To avoid such risks, it is advisable to choose a fully regulated broker instead.
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