Is Sure Forex Trade a scam or legit broker?

No, it is not safe to trade with Sure Forex Trade. Sure Forex Trade is owned by Sure Forex Trade Limited and claims to be located in New York, USA. 

Sure Forex Trade offers Contracts for Difference (CFDs) on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energies. The broker provides access to top-tier liquidity and advanced trade execution with no dealing desk intervention.

According to the website, Sure Forex Trade is authorised and regulated by several regulators, including the UK’s Financial Conduct Authority, Cyprus Securities and Exchange Commission, South African Financial Services Board, and Dubai Financial Services Authority

However, we have checked the registers and it turned out the broker is making false claims about all the licenses, as we didn’t find any mention of them. It is a popular practice among unregulated brokers which try to delude the clients by providing false regulation details.

We advise all investors and traders to avoid Sure Forex Trade and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and Alpari.

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