ANSWER No, Stolid Finance is not safe.To convince people that they are legitimate, Stolid Finance provides false regulatory information. It claims to be regulated by several regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the US Securities and Exchange Commission (SEC), and the Investment Industry Regulatory Organization of Canada (IIROC). But we have been unable to find any matching results on those regulators' registers.In addition, the Financial Conduct Authority (FCA) has issued a warning against Stolid Finance, saying it is illegally targeting British residents without the required authorization.Put simply, Stolid Finance is an unregulated broker. Entrusting the platform with investors' money and personal information is highly dangerous, as there are no rules in place to safeguard them. To avoid such risks, we strongly suggest investors stay away from unlicensed platforms like Stolid Finance and instead choose a fully regulated one.
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