ANSWER FXTRATEGY is an unlicensed forex broker. It is not subject to any governing body including the National Futures Association (NFA). Thus it is not allowed to provide services to US investors.FXTRATEGY conceals information about its operator, such as physical address, phone number, and email address. Its website seems to only provide a WhatsApp number for investors to reach them, which is easy to fake and change. This is a red flag for a scam.Furthermore, FXTRATEGY fails to disclose regulatory information, which is a significant scam indicator. Legitimate counterparts always prominently display their accreditation and licenses to ensure transparency, whereas the lack of such information suggests that it is a scam.Therefore, all the negative signs indicate that FXTRATEGY is not safe for investors. Entrusting it with the funds and personal information is risky. Individuals engaging with the unlicensed platform are at risk of fraud and identity theft. To mitigate such risks, it is advised to choose a fully regulated broker instead.
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