ANSWER No, VIRTUAL FX TRADE is not a legit broker.A significant scam indicator is that VIRTUAL FX TRADE does not show any information about its regulation and license on its website.Although VIRTUAL FX TRADE claims to be based in the US, it fails to be registered with the National Futures Association (NFA), one of the US regulators for forex trading. Moreover, the Spanish regulator Comisión Nacional del Mercado de Valores (CNMV) has added VIRTUAL FX TRADE to its warning list for offering investment services without authorization. Therefore, VIRTUAL FX TRADE is an unlicensed broker, posing significant risks, which could be financially and personally devastating. The lack of regulatory oversight leaves traders dealing with the fake platform at great risks of fraud and identity theft. To reduce the risks, we strongly suggest investors stay away from VIRTUAL FX TRADE and other unlicensed brokers and instead choose a fully regulated one.
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