ANSWER We strongly advise against using Unlimited Stock Trade, an unlicensed broker.The certificate that the broker claims to possess appears to have been altered. Our checks with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) indicate that it is not a legally licensed broker under their supervision. Additionally, the Financial Conduct Authority (FCA) has issued a warning against Unlimited Stock Trade, identifying it as an unauthorized firm in the UK.Given these circumstances, Unlimited Stock Trade is far from a safe choice, posing significant risks of fraud and identity theft. To avoid potential scams, we recommend investors to steer clear of unlicensed brokers like Unlimited Stock Trade and instead opt for fully regulated ones.
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