ANSWER If you are looking to engage with LONDONEX, we strongly suggest you drop that plan due to its status as an unregulated broker.LONDONEX claims to be operated by LONDONEX LTD, a company supposedly registered with the Financial Services Regulatory Authority (FSRA) of Saint Lucia. However, we searched the registry of the authority but have been unable to locate a company called LONDONEX LTD. Furthermore, the FSRA doesn't regulate entities involved in forex trading.Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added LONDONEX to its warning list for providing investment services without authorization.In conclusion, LONDONEX is an unregulated broker that we advise against dealing with, despite the seemingly attractive deals it offers. Without regulatory oversight, there are no rules in place to protect investors from fraud or theft. Therefore, investors are encouraged to steer clear of unregulated brokers like LONDONEX and choose a fully regulated one.
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