Is BenefitFX legit?

https://benefitfx.org/

No, BenefitFX is not a legitimate broker.

The broker claims to be operated by Mortelle Ltd, a company allegedly registered with the Marshall Islands Registry (IRI) to establish its legitimacy. However, our search in the IRI register indicates that the company's registration has been canceled. Moreover, it is crucial to note that mere registration with the IRI does not constitute evidence of legitimacy in the forex market, as this agency does not have the authority to license and regulate forex trading activities.

Given these facts, BenefitFX is operating in an unregulated environment, which poses additional risks to investors. To protect themselves from falling victim to potential fraud schemes, investors are advised to avoid unlicensed brokers like BenefitFX and instead opt for fully regulated ones