Is Forex5 regulated?

https://forex5.me/    

Forex5, a forex trading platform, is not regulated. 

Despite its claim of being registered with the Securities and Exchange Commission (SEC), no matching records were found in the SEC register. As a forex trading platform purportedly based in the US, it is required to be registered as a member of the National Futures Association (NFA). However, there is no evidence to suggest that Forex5 is registered, and therefore, it is not under the NFA's jurisdiction.

Consequently, Forex5 is not a secure option and poses significant risks, including fraud and identity theft. Investors who engage with unlicensed forex brokers may become victims of fraudulent activities. To mitigate such risks, it is strongly advised to avoid unlicensed entities like Forex5 and opt for fully regulated ones instead.