ANSWER FxTechPro Ltd operates as a forex broker in the absence of the necessary licenses and approvals from relevant financial watchdogs and thus it poses significant risks to investors. We strongly advise against engaging with it.The website of FxTechPro Ltd doesn't disclose any information about its regulatory status, a negative sign suggesting that it may be a scam. While it provides two addresses, one in Marshall Islands and another in the UAE, our search for the company in the registers of relevant governing bodies, including the Marshall Islands Registry (IRI), the Dubai Financial Services Authority (DFSA), the Securities and Commodities Authority (SCA), and the Central Bank of the United Arab Emirates (CBUAE), didn't yield any results. This further indicates that FxTechPro Ltd doesn't comply with the regulations.Therefore, FxTechPro Ltd is an unlicensed forex broker. Individuals dealing with the platform are exposed to fraud and identity theft, as there are no rules in place to safeguard them. If something goes wrong, they are not able to protect their interests and get compensation. To mitigate these risks, it is recommended to stay away from unlicensed platforms and instead choose a fully regulated one.
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