ANSWER Status Code is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.Status Code marks itself as a safe system for trading cryptocurrencies, but the lack of information regarding its regulatory status and company details like name, address, and phone number is a clear indication of its illegitimacy. Additionally, crypto companies have long existed in a legal gray area, with legislators and government officials debating how they should be classified for regulation. As such, investing in crypto markets comes with tremendous amounts of risks as most crypto-related activities are not regulated. Once your money is in the crypto ecosystem, there are no rules to protect it, unlike other investments.Regarding your question, we suggest you avoid dealing with Status Code as it is a non-regulated broker. Using such a trading platform could lead to significant risks including loss of funds and identity theft. Therefore, investors are encouraged to choose fully regulated brokers only to avoid such risks.
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