ANSWER We strongly advise against using FxPower, a trading platform that lacks proper licensing.The regulatory credentials claimed by the company are unfounded. We have been unable to locate corresponding records from any relevant financial regulators. Notably, the International Financial Market Relations Supervision Center (IFMRCC), which the company cites, is widely suspected to be a fake regulator.Consequently, there is no solid evidence to substantiate FxPower's legitimacy in the financial market. Investors who trade with this broker are at risk of potential fraud and identity theft, with no regulatory measures in place to protect their interests. For a safer trading environment, we highly recommend opting for fully regulated brokers instead of unregulated ones like FxPower.
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