ANSWER We strongly suggest you drop the plan to trade with Demand FX. It is an unregulated trading platform you should avoid at all costs.Despite its claim of registration with the Financial Crimes Enforcement Network (FinCEN), this does not equate to legal authorization for Forex trading services. What's more, the company's full name it claims, Demand Fx Global Limited, doesn't match the name "Demand Fx Limited" listed on the FinCEN website. Further checks reveal that this supposedly UK-based company is not under the National Futures Association (NFA) oversight nor registered with the UK's Financial Conduct Authority (FCA).In conclusion, Demand FX is not regulated by any governing body, making it highly risky for investors to entrust their funds to this broker. There are no legal protections in place to safeguard the funds, which is why we advise investors to steer clear of Demand FX and other unlicensed brokers. It is better to choose fully regulated ones.
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