Should I entrust my money to Ambow Markets?

https://www.ambowmarkets.com/    

We strongly advise against engaging with Ambow Markets, an unregulated trading platform. 

This broker claims its credibility stems from strict supervision by regulatory agencies. However, the only regulatory information it provides is the MSB registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It's important to note that mere MSB registration does not equate to authorization or a license from a financial regulator. Furthermore, it is not licensed by the Investment Industry Regulatory Organization of Canada (IIROC). 

The FINTRAC's records suggest that it is located in the UK, yet the British financial watchdog, the Financial Conduct Authority (FCA), has red-flagged Ambow Markets as an unauthorized firm in the UK.

These negative findings significantly indicate that Ambow Markets poses risks of fraud and identity theft. Individuals who trade with unregulated trading platforms are not protected by rules and laws. To avoid becoming a victim, traders are advised to steer clear of unregulated brokers like Ambow Markets and instead opt for fully regulated ones.