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Ramalingam

Ramalingam Kalirajan  |4803 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 13, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Vilas Question by Vilas on Jun 12, 2024Hindi
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black stone Fx Ltd. is advisory of Investment or Scam

Ans: Based on red flags, Blackstone Forex Ltd. appears to be a high-risk investment and there's a good chance it's a scam. Here's why:

Unauthorised: The Financial Conduct Authority (FCA) in the UK has warned against Blackstone Forex Ltd., suggesting they operate without proper authorization [FCA warning on Blackstone Forex Ltd.]. This means they lack regulatory oversight and investor protection.
Unclear Regulation: Information on Blackstone Forex Ltd.'s regulation is murky. Some sources suggest they might be misrepresenting a legitimate firm [WikiFX on Blackstone].
Here's what you can do to stay safe:

Avoid Unregulated Brokers: Only invest with brokers regulated by reputable authorities like the FCA, SEC (US), or ASIC (Australia). These regulators enforce strict rules to protect investors.
Research Before Investing: Always research a broker thoroughly before investing. Check for regulatory warnings and reviews from independent sources.
If you're considering investing, it's wise to choose a well-established and regulated broker. There are many reputable options available.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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