- Company name: AL Trade Inc.
- Registration/license: none
- Registration/license requirement: –
Is Al Trade a regulated forex broker or a scam?
no, Al Trade broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
Al Trade is a forex and CFD broker based in London. The company is owned by AL Trade Inc., which is not regulated to provide financial services in the UK by the Financial Conduct Authority.
It is also not licensed by any other regulatory institutions. We recommend dealing only with the reliable brokerages that are regulated and authorized to provide financial services.
For example, UK’s FCA requires 125000 EUR of capital for STP license. Also in order to get this type of license, the broker needs to have a physical office in the UK.
All clients of FCA-regulated brokers are protected by the Financial Services Compensation Scheme.
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