ANSWER Dear Investor,
We do not consider bitcastleFX to be a reliable platform. Our investigation indicates that while it appears to target investors in the Japanese market, it has not obtained authorization from the official Financial Services Agency (FSA) of Japan. Operating without a local compliant license constitutes an illegal and non-compliant operation.
Furthermore, bitcastleFX merely claims to be registered in Saint Vincent and the Grenadines. Even though the Financial Services Authority (FSA) of Saint Vincent and the Grenadines has registered the company, this registration merely grants it International Business Company (IBC) status, which does not constitute a valid financial license. Moreover, the SVG FSA has publicly stated that it neither regulates nor licenses forex trading activities.
Therefore, until it obtains certification from a reputable and compliant regulatory authority, we strongly recommend that you avoid trading with this platform.
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