ANSWER Since EXTREMEFX is an unlicensed platform, we strongly suggest you drop the plan to engage with it.EXTREMEFX claims to provide services for forex and derivatives trading and is located in the US. As such, it is required to be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). However, we checked the registration in the BASIC of NFA and didn't find any records matching EXTREMEFX. This means it operates without the required authorization.Dealing in forex and derivatives carries inherent risks due to its high liquidity and volatility. It should be the priority to check a broker's license before making an investment decision. EXTREMEFX is an unregulated platform and there are no rules in place to protect its clients from fraud and identity theft. If it goes out of business or disappears, customers are unable to recover their funds or get compensation. To mitigate such risks, we strongly suggest investors stay away from EXTREMEFX and choose a fully regulated broker instead.
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