Verified: Blyx Ultra Is Operated Through The Website Https://blyxultraltd.com/. The Broker Does Not Currently Have Any Effective Regulation.
According To An Internet Query:
On November 14, 2024, The Federal Financial Supervisory Authority (BaFin) Issued A Warning To Blyx Ultra That It Lacked The Required Authorization.
The Website Of Blyx Ultra Appears To Be Rather New, With Its Domain Name Registered In August 2024. The Broker Claims To Be Regulated By The European Monetary Authority, But This Is A False Institution That Does Not Exist.
And The Federal Financial Supervisory Authority (BaFin) Has Issued A Warning To Blyx Ultra, Highlighting Its Unauthorized Status.
Essentially, Blyx Ultra Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To The Company Is Extremely Risky, As There Are No Legal Safeguards To Ensure The Safety Of Funds.
Overall, It Seems That Blyx Ultra Is A Scam, And Traders Should Be Vigilant.
And Most Non-compliant Brokers Will Not Disclose Their Direct And True Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Blyx Ultra As An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A High Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
