ANSWER Bitnexltd is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Bitnexltd claims to be located in the UK, where brokers must seek authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, our search for this company in the FCA registry didn't yield any results. This means that the offering of financial services or products by this broker is illegal.Regarding your question, we strongly suggest avoid dealing with Bitnexltd due to its status as an unlicensed broker. This trading platform carries significant risks involving financial losses and identity theft, as there are no rules in place to protect investors. Therefore, investors are encouraged to stay away from unlicensed brokers like Bitnexltd and opt for fully regulated ones instead.
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