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Lyablyabit is a broker that claims to offer trading services for various financial assets such as forex, commodities, indices, and stocks. However, there is little information available about the company and its operations. In this article, we will explore whether Lyablyabit is a licensed broker, why traders should be cautious with unlicensed brokers, and what traders think of Lyablyabit.
From their name, it is clear that there is no meaning. Also, when we searched for some of the basic information of a broker, such as the regulating company, origin, regulation, authorization, license, etc., we found nothing. They just put generic content on their website and try to convince people. This company is unregulated and unlicensed.
Trading with an unlicensed broker can be risky as any financial authority does not regulate them. This means that they are not subject to any oversight or compliance requirements, which can make it easier for them to engage in fraudulent activities. Additionally, if you encounter problems with an unlicensed broker, you may have little recourse for resolving the issue. Furthermore, clients’ funds and personal information are not protected by any regulatory body, which increases the risk of fraud.
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After finding that, this company is not a licensed or registered broker; they should not be trusted. You should not invest in an unlicensed broker.
When we research their client base, we found much unhappy feedback about their shady policies and activities. We did receive many complaints against them too.
If you believe Lyablyabit has scammed you, it is important to seek professional help. We can provide you with a free consultation including recovery service recommendations to get your lost fund back.