Is Affliated Trade Group a scam or a legit broker?

Affliated Trade Group is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade Affliated Trade Group. We never advise trading with an offshore 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.

Affliated Trade Group is a Forex broker that was found in 1998. The broker doesn’t provide any information about the company behind the brand name as well as there are no regulation details have been provided.

About Affliated Trade Group
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is Affliated Trade Group safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerIC Markets - licensed by ASIC in Australia

Affliated Trade Group claims to have regional offices in Costa Rica and Japan, with the headquarters in Zurich, Switzerland. However, the company doesn’t seem to be licensed in Switzerland by its local regulator Financial Market Supervisory Authority FINMA. Moreover, the broker has been blacklisted by at least two regulators:
a warning from the Alberta Securities Commission (ASC):

“The public should be aware that Affiliated Trade Group is not registered to sell securities or derivatives in Alberta, and that its actions are not in compliance with Alberta securities laws”;

and a warning from the Ontario Securities Commission (OSC):

“The Ontario Securities Commission (OSC) is warning investors that the company Affiliated Trade Group and its representatives are not registered in Ontario to solicit investments or provide advice on investing in, buying, or selling securities.”

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. 

Conclusion

On the top of these warnings, when you click on “platform access” it redirects to another platform Secure Trade FX. We couldn’t find any information about this firm, so we suggest traders stay away from both of the companies and invest with reliable brokers.

Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.

You can also share your trading experience with Affliated Trade Group by commenting on this review.


Affliated Trade Group website is no longer active.

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