ANSWER Fundiza is not a licensed or regulated broker even though it states offers that look good to be true. Fundiza claims to be operated by FUNDIZA Ltd, a company registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number 25770BC2020. We indeed find a match result to Fundiza in SVG FSA. But please be informed that SVG FSA does not regulate forex activities or issue forex licenses. So having registration does not mean being authorized to provide financial services. Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Fundiza is not authorized to provide financial services. You can check the full warning from here. The truth is, Fundiza 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 Fundiza and trade with licensed brokers.
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