ANSWER UK Buy Sell is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.UK Buy Sell marks itself as a trusted broker by claiming that it is authorized and regulated by three governing bodies, including the Financial Conduct Authority (FCA), the Belize Financial Services Commission (Belize FSC), and the Mauritius Financial Services Commission (FSC Mauritius). However, our search didn't find any evidence supporting its claim. Given it purporting to be located in Cyprus, we searched the Cyprus Securities and Exchange Commission (CySEC) registry for this company but discovered no records matching it. This means that UK Buy Sell is subject to no regulations and any offering of financial services or products by this broker is illegal. Furthermore, the FCA has issued a warning against UK Buy Sell for operating illegally. You can access the full warning here.Regarding your question, we advise not to deal with UK Buy Sell since it is a non-regulated broker. Entrusting this broker with your funds or personal data is highly risky as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like UK Buy Sell and choose fully regulated ones instead.
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