ANSWER Flip Access is not a licensed or regulated broker even though it states offers that look good to be true. On this broker's "Legal/Regulation", Flip Access states it is an authorised broker under double supervision, including the Register of Companies of the Financial Conduct Authority(FCA) under registration number 9828006 and the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 0198016. However, we found no matching records for the firm on the FCA Registry and BaFin Registry. Instead, we found a warning record - BaFin investigates Flip Access - the company is not supervised by BaFin. You can check the full warning from here. The truth is, Flip Access is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Flip Access and trade with licensed brokers.
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