ANSWER Dvanxbit is an unlicensed broker we advise against trading with despite the seemingly attractive deals it offers.Dvanxbit claims to be operated by Dvanxbit.com Finance LLP, a company registered and operating according to the laws of United States. Based on its statement, it is supposed to be a member of the National Futures Association (NFA) in order to offer financial products or services in the US legally. However, our search for this broker in the registry of NFA didn't yield any results. That means Dvanxbit is using false information to deceive unsuspecting investors.Regarding your question, Dvanxbit is an uregulated broker. Entrusting this broker to control and hold your funds or trading with it is highly risky, as there are no safeguards in place to prevent theft or fraud. Therefore, we strongly suggest investors stay away unlicensed brokers like Dvanxbit and choose fully regulated ones instead.
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