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No, GlobalRockies is not reliable and it is a fake broker flagged by regulatory bodies.
GlobalRockies fails to disclose any information regarding its regulatory status. This lack of transparency raises a red flag, as legitimate brokers always prominently display their accreditation and licenses.
Meanwhile, the unlicensed activities by GlobalRockies have drawn attention from two financial regulators: the Swiss Financial Market Supervisory Authority (FINMA) and the Federal Financial Supervisory Authority (BaFin). These two regulatory bodies have issued warnings against GlobalRockies, further substantiating its illegitimacy. You can refer to here for the FINMA warning, and here for the BaFin warning.
Therefore, BrokersView strongly suggests investors avoid GlobalRockies. Without regulatory oversight, its clients are exposed to significant risks of fraud and identity theft. If it goes out of business or absconds, they may not be able to recover their funds or get compensation. To mitigate risks, it is better to choose a fully regulated broker.
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