ANSWER Dear Investor,
RubyFX is not a safe platform as it does not hold a valid financial licence.
It claims to operate under the name RubyFX Limited, which is registered in Saint Lucia. Although a matching company does appear in the Saint Lucia International Financial Centre (IFC)'s registry, please note that this registration merely grants it International Business Company (IBC) status, which does not constitute a valid financial licence. The IFC neither regulates nor licenses forex trading activities.
Furthermore, RubyFX is not licensed by any other recognised financial authority. This is a major red flag indicating fraudulent activity. We therefore strongly advise you to avoid trading with this broker to protect your funds.
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