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Exotic FX - scam or legit...
Pimphong
塞舌尔
2025-01-08
ANSWER Dear Investor, We are concerned that Exotic FX may be a scam due to its unlicensed status. The first warning sign is that the forex broker relies solely on its registration in St. Lucia to appear legitimate. It is well-known that St. Lucia is an offshore area with lax regulations, offering minimal protections for investors. Additionally, forex trading activities are not allowed there. Furthermore, Exotic FX appears to be operating without regulatory oversight. They are not supervised for compliance with industry rules, making it easy for them to evade accountability in the event of issues. Therefore, we strongly recommend avoiding Exotic FX. To protect your hard-earned money and personal information, it is crucial to thoroughly research any broker before investing.
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