Easy Line Pro Review
Easy Line Prowww.easylinepro.com
Reason to avoid: No license
Listed Date: November 1, 2018
Top 3 Regulated Forex Brokers
Beware Easy Line Pro is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Solutions CM LTD
- Registration/license: None
- Registration/license requirement: –
Easy Line Pro is a forex broker, owned and operated by Solutions CM LTD., a company based in Sofia, Bulgaria. Although it claims to be registered in Bulgaria, it is not regulated in the country by local Financial Supervision Commission and there are no records about it being regulated by any other authority.
Also, the website interface is very similar to Britonprice’s, the broker that is also operated by Solutions CM LTD. We have previously written about Britonprice/Solutions CM LTD being blacklisted by Spain’s regulator CNMV. It seems like Solutions CM LTD has quite a bad reputation because Easy Line Pro has also been banned by Spain’s regulator in February 2018:
“EASY LINE PRO (www.easylinepro.com) is not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, which include investment advice, or to provide the auxiliary services detailed in letters a), b), d), f) and g) of Article 141 of the said Law in relation to the financial instruments detailed in Article 2 of the said Law, including, for those purposes, foreign currency transactions.”
As a general rule dealing with unregulated brokers is risky and we recommend that clients choose properly licensed and supervised brokers like the charges of UK’s FCA or the Australian Securities and Investment Commission (ASIC).