ANSWER MySteel UK is an unregulated broker and thus not safe for investors.When a platform is a scam, bonuses it offers are the bait to hook unsuspecting investors. Once you fall prey to it, you are going to lose a load of money and your personal information will be exploited by fraudsters.MySteel UK has a significant scam feature: it lacks regulatory information and licensing data. While it provides an address in the UK to appear legitimate, there are no indications that it is registered with the Financial Conduct Authority (FCA). And the FCA has issued a warning against MySteel UK, further proving that it is an unauthorized firm.Therefore, BrokersView has concluded that MySteel UK is a scam. Investors dealing with the platform are exposed to financial losses and identity theft, which could be financially and personally devastating. To protect yourselves from fraud and theft, it is advisable to steer clear of unregulated brokers like MySteel UK and instead choose a fully regulated one.
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