Regarding the legitimacy of WARANA forex brokers, it provides ASIC and WikiBit, (also has a graphic survey regarding security).
Is WARANA safe?
Rating Index
Pros
Regulated by ASIC, providing a level of oversight.
Offers a range of market instruments including equities, bonds, forex, commodities, and derivatives.
Maximum leverage of 1:500 on forex trades, allowing for amplified trading positions.
Cons
Negative field survey reviews raise concerns about the legitimacy and reliability of the broker.
Exceeds the business scope regulated by ASIC, indicating potential operational risks.
Inactivity fees apply for accounts with balances below $100, and a demo account is not available.
Is WARANA markets regulated?
The regulatory license is the strongest proof.
ASIC Institution Forex License (STP)
Australia Securities & Investment Commission
Australia Securities & Investment Commission
Current Status:
UnverifiedLicense Type:
Institution Forex License (STP)
Licensed Entity:
WARANA CAPITAL PTY LIMITED
Effective Date:
2017-07-17Email Address of Licensed Institution:
--Sharing Status:
No SharingWebsite of Licensed Institution:
--Expiration Time:
--Address of Licensed Institution:
WARANA CAPITAL PTY LIMITED, Level 12, 124-130 PiTT STreeT SYDNEY NSW 2000Phone Number of Licensed Institution:
--Licensed Institution Certified Documents:
WARANA Similar Brokers Safe
Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.
WARANA latest industry rating score is 1.56, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.56 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.