As the popularity of online trading continues to grow, the number of fraudulent brokers has also increased. One such broker that has recently come to light is Linitybase. In this article, we will review Linitybase, examine its licensing status, and discuss why you should not trust unlicensed brokers.
Is Linitybase a Licensed Broker?
Our investigation reveals that Linitybase is not a licensed broker. They claim to be registered in the United Kingdom, but upon further inspection, we found no evidence of any regulatory oversight by the Financial Conduct Authority (FCA).
Why Should You Not Trust an Unlicensed Broker?
Trading with an unlicensed broker poses a significant risk to traders. Unregulated brokers can operate without any legal oversight and may use unethical practices such as manipulating prices, engaging in fraudulent activities, or stealing client funds. In the event of any wrongdoing, traders may have little or no recourse to seek legal action or reclaim their lost funds.
Can Linitybase Be Trusted?
Given the lack of regulatory oversight and licensing, it is difficult to trust Linitybase. There have been several reports of traders being scammed by the broker. Their website also lacks essential information such as terms and conditions, privacy policy, and risk disclosure documents, which are mandatory for regulated brokers to provide.
What Do Traders Think About Linitybase?
Traders who have dealt with Linitybase have reported several issues with their services. Some have reported difficulties in withdrawing their funds, while others have complained of unresponsive customer support. Additionally, many traders have reported that Linitybase uses high-pressure tactics to convince clients to deposit more money into their trading accounts, which is a classic red flag for scam brokers.
Scammed by Linitybase? – Talk To Our Experts
If you have been scammed by Linitybase or any other broker, it is crucial to seek professional help immediately. Our team of experts at [insert company name] can help you recover your lost funds and provide you with legal advice. Contact us today to discuss your options and take the first step towards recovering your money.
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