ANSWER Perlybit is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.Perlybit claims to be operated by Perlybit.com Finance LLP, a company registered and operating in the United States. The provision of financial services or products in futures and derivatives markets by brokers in the US is subject to strict regulation by the National Futures Association (NFA). To operate lawfully, brokers must obtain authorization from the NFA. However, our search for this broker in the registry of NFA didn't yield any results. That means it is not subject to any valid regulation.Regarding your question, we strongly suggest you avoid dealing with Perlybit since it is a non-regulated broker. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, our advice is to stay away from unlicensed brokers like Perlybit and opt for fully regulated ones instead.
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