Knowing the red flags of anything is the most important act while you are thinking to invest your money in the Forex market and are enthusiastic about Forex trading. It is the market where regulators are regularly Like FCA, ASIC, CySEC, etc., issue warnings against unlicensed brokers which are operating actively in the market. So, to protect your money, you should know the major risks of any broker. In this article, you will know the major risks of Primarkets before investing.
These are scam brokers operating without licenses. Therefore, it becomes risky to trust these brokers for Forex trading. These brokers will most probably swindle your money and make you penniless. To avoid this situation, check out the list below carefully. This is the warning list issued by the Financial Conduct Authority (FCA).
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Struggling to Choose Among Hundreds of Brokers? Worried about picking a scam platform and losing everything? Upload screenshots of the brokers you are considering, post in the community, and let experienced traders vet them for you! Seasoned traders will give you expert advice!
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If you are into forex trading, you need to protect your money from investment scams. Many scam brokers are active in the market now. The FCA, a reputed financial regulator, has issued a list of unlicensed brokers you need to stay away from.