When it comes to investing in the financial markets, it is crucial to choose a reliable and trustworthy broker. A licensed broker is regulated by a government agency and is required to adhere to strict rules and regulations to ensure the safety of their client’s funds. In this article, we will discuss Flying Hummingbird, a broker in the financial industry, and whether or not they are licensed, as well as why it is important to trust only licensed brokers.
Is Flying Hummingbird a Licensed Broker?
When we searched for their license information, we could not find anything. Also, we searched several other regulatory websites. No information was found anywhere. Then we tried to contact them, but no response. They claimed they were regulated under Cyprus Law, but no regulation was found.
Why Should Not You Trust an Unlicensed Broker?
Trusting an unlicensed broker can have serious consequences. Because they are not regulated, they are not subject to the same oversight and accountability as licensed brokers. This means they may engage in unethical or illegal practices, such as misusing clients’ funds or providing false information. This can lead to significant financial losses for clients. Furthermore, unlicensed brokers are not covered by any compensation fund, which means that clients will not be able to recover their losses if the broker goes bankrupt.
Can Flying Hummingbird Be Trusted?
When it is clear that they don’t have any regulation or license, then it is not recommended to trust them. After all, your money cannot be safe in the wrong hand.
What Do Traders Think Of Flying Hummingbird?
We found several negative reviews and complaints against them.
Scammed by Flying Hummingbird Broker? – Talk To Our Experts
If you suspect Flying Hummingbird scammed you, it is crucial to take action immediately. Just submit a report to us, and we will provide you with a free consultation with all the required help.