ANSWER We strongly advise against using BarclaysAG, an unlicensed broker.The registration details provided by BarclaysAG with the Companies House (CH) are insufficient to establish its legitimacy in the forex market. Furthermore, there is no compelling evidence to suggest that it is the rightful owner of this registration. Despite its claims of being based in the UK, there are no signs that it is registered with the Financial Conduct Authority (FCA).Adding to the concerns, the Federal Financial Supervisory Authority (BaFin) has issued a warning about BarclaysAG. The warning states that the operator is offering financial and investment services on its website without the necessary authorization. BaFin also points out that BarclaysAG's website is identical to a number of suspicious financial websites.Given these circumstances, BarclaysAG poses significant risks of fraud and identity theft. To safeguard their funds from fraudulent schemes, investors are advised to avoid unlicensed brokers like BarclaysAG and opt for fully regulated ones instead.
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