ANSWER Blockstramfx is an unregulated broker and we strongly suggest you avoid the platform, regardless of how tempting deals it offers.A legitimate broker must prominently display their accreditation and licenses. Therefore, the lack of information thereof may suggest that it is a scam. Blockstramfx is among those who fail to disclose its regulatory information. It is a significant scam indicator.Despite claiming to have an address in the UK, the platform has been unable to obtain authorization from the Financial Conduct Authority (FCA). As such, the FCA has red-flagged Blockstramfx, identifying it as an unauthorized firm. You can refer here for the full warning.As a result, BrokersView strongly advises investors against Blockstramfx. It is an unlicensed broker coming with significant risks, such as fraud and identity theft, which could be financially and personally devastating. To safeguard investors' interests, we highly recommend choosing a fully regulated broker.
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