ANSWER Nord Capital Limited lacks the necessary license to carry out financial activities in the forex market.Nord Capital Limited openly confessed that they have no license to operate as a bank or a security firm. The company is allegedly domiciled in Switzerland, and the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against Nord Capital Limited for not having been commercially registered. You can refer to here for the full warning.Therefore, BrokersView strongly suggests investors avoid Nord Capital Limited. The unlicensed platform poses substantial risks of fraud and identity theft. Without regulatory oversight, traders' funds and personal information will not get protections by rules. If any voilation occurs, individuals dealing with the fake broker may not be able to recover their money or get compensation. To avoid such risks, it is advisable to choose a fully regulated broker.
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