ANSWER Considering METABITEXCHANGE's unregulated status and the warning from Financial Conduct Authority (FCA), we strongly suggest you drop the plan to engage with this fraudulent platform.METABITEXCHANGE gives a vague description about its regulatory status in an attempt to deceive unsuspecting investors. Although it claims to be regulated by the U.S. Securities and Exchange Commission (SEC) and the Investment Industry Regulatory Organization of Cananda (IIROC), the broker fails to provide the specific license numbers. We searched the registers of both regulators but no corresponding records were found. Such discrepancy suggests the claim is a false statement.Furthermore, the FCA has added METABITEXCHANGE to its warning list for offering financial services or products without their authorization. You can read the full warning here.In conclusion, without regulatory oversight, investors, if using METABITEXCHANGE, are exposed to financial losses and identity theft. As such, it is advisable to exercise extreme caution and avoid dealing with unlicensed brokers like METABITEXCHANGE. To mitigate such risks, investors are encouraged to choose a fully regulated one.
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