Is it risky to apply the 1000:1 leverage on FxPrime Markets?

https://fxprimemarkets.in/

Even with a regulated broker, a leverage of 1000:1 is risky, let alone with an unlicensed broker like FxPrime Markets.

The broker tries to establish a trustworthy image using various descriptions and exaggerated language. However, without concrete regulatory information, all its promises and statements lack credibility. 

It only claims to be located in Seychelles. However, our search in the Securities Dealer register of the Seychelles Financial Services Authority (Seychelles FSA) found no matching records. This indicates that FxPrime Markets is not financially authorized as a broker in the country.

Given these circumstances, FxPrime Markets is not legally operating as a broker providing financial services from Seychelles. Investors dealing with it are not protected by regulations in case of issues. For a safer trading environment, investors are strongly advised to avoid unlicensed brokers like FxPrime Markets and instead opt for fully regulated ones.