We strongly suggest you drop the plan to engage with UNFXB, an unregulated broker.
UNFXB claims to be a brand owned and operated by UNFXB PTY LTD, a company supposedly authorized and regulated by the Australian Securities and Investments Commission (ASIC) with license number 001301275. However, we searched the ASIC register and discovered that the license has been canceled.
Additionally, the company claims to be authorized and licensed by the National Futures Association (NFA) with ID 0553715. However, records from the NFA suggest that it is not a member of this authority and thus not subject to their oversight.
Furthermore, UNFXB claims to have a company called UNFXB LTD in Saint Vincent and the Grenadines with registered number 26505 BC 2021. While it is true that we did find matching data on the register of the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA), it is crucial to note that this offshore watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed in this jurisdiction.
In conclusion, UNFXB is not a safe choice for investment due to its status as an unregulated broker. It carries significant risks, such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, we strongly suggest investors stay away from unregulated brokers like UNFXB and instead choose a fully regulated one.
