ANSWER Dear Investor,
Dolphin Markets claims to be operated by Dolphin Markets Ltd, a company incorporated in Mauritius and authorised by the Financial Services Commission (FSC). A search of the FSC's licensing register does show a matching company. However, the FSC does not publicly disclose the domain names or websites of its licensed entities, which makes it difficult to verify whether the platform in question is genuinely linked to the licensee, posing a potential risk of identity theft.
Please also note that the Mauritius FSC is considered an offshore regulator with relatively lenient oversight and limited investor protection. This means that holding an FSC licence alone does not provide comprehensive safeguards for your investments.
Therefore, we recommend exercising caution when dealing with this type of broker.
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