ANSWER No, External Coins is not only unlicensed but also fraudulent.The Financial Conduct Authority (FCA), the UK's financial regulator, has issued a warning against External Coins, identifying it as a clone of an FCA-authorized firm. This means External Coins is misusing information from the licensed entity to appear legitimate or create the impression of having potential association with the licensee, which, in fact, has nothing to do with External Coins.As such, External Coins harbors the intention to defraud. Investors should stay away from this fraudulent broker to protect themselves. It is strongly advised to choose fully regulated brokers instead.
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