FXnity states that it is operated by FXnity Limited Liability Company and claims to be registered in Costa Rica. However, its website does not display any regulatory license or supervisory information. To our knowledge, Costa Rica currently does not have a recognized financial authority that regulates retail foreign exchange trading activities. This means the company is likely operating without proper regulatory oversight in its jurisdiction. The absence of regulation poses significant risks to investors, including a lack of investor protection, transparency, and accountability. Given these concerns, FXnity is very likely to be a fraud.