Is anandforex.com legit? anandforex.com
Could you please verify this is a Legitimate Meta Trader 5 forex broker with a valid license. Thank you
Anandforex is an unregulated forex broker. The broker claims to be located in the UK. However, we didn’t find any information about its regulation from the UK’s Financial Conduct Authority, as well as any other regulatory authority. Anandforex does not provide any contact information (except email), no address, no trading details. It all just seems to be very confusing and not reliable at all. We would recommend to stay away from this broker and choose a Regulated Broker that will protect your funds.
In any case, we never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.