ANSWER We strongly advise against using MIB40FX, an unregulated broker.MIB40FX's claims of being licensed by the Cyprus Securities and Exchange Commission (CySEC) are baseless, as there are no corresponding records from the CySEC to substantiate such claims. Furthermore, the Commissione Nazionale per le Società e la Borsa (CONSOB) has added websites associated with MIB40FX to its warning list and ordered them to cease operations due to their fraudulent nature.Consequently, MIB40FX presents substantial risks of fraud and identity theft. Investors dealing with this unlicensed broker are at significant risk due to the lack of regulatory protections. It is prudent to avoid unlicensed brokers like MIB40FX and instead opt for fully regulated ones.
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