Escuela Trades Review
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Updated:
Reason to avoid: No License
Listed Date: October 14, 2018
Top 3 Forex Brokers
Beware Escuela Trades is a Non-Regulated Broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: No License
Listed Date: October 14, 2018
Beware Escuela Trades is a Non-Regulated Broker. It is NOT SAFE to trade.
Escuela Trades is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and may operate the business in any way it wishes.
🗺️ Registered in | No Registration |
🗺️ Type of License | No License |
🛡️ Is Escuela Trades safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Escuela Trades is a brand name used by the Escuela Online Trading and Marketing Company, which is claimed to be a licensed international financial broker, providing traders access to the global Forex market. The company states on its official site that it is managed by experienced financial professionals and is trusted by clients from more than 35 countries worldwide. However, after the research, it was revealed that the broker is regulated by the Chinese Security Regulatory Commission (CRSC) and not the SFC the Hong Kong authority that the company should be registered.
“The ESCUELA Online Trading and Marketing is now listed in SFC Alert List as an unlicensed entity. The alert list is consistent of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong.”
Generally, we always recommend investing with regulated companies only, since there are many scam offerings that may lead to fraud operations and potential loss of funds. Regulatory bodies from around the world strictly supervise financial trading companies in order to protect clients and educate the best way to invest. Therefore, we strongly advise choosing a broker among SFC-regulated brokers or other world-authorized companies, such as reliable brokers such as FP Markets and HotForex.
Based on our research, the Escuela Trades website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.
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