Trade Fintech Review
Reason to avoid: Offshore License
Listed Date: November 6, 2018
Top 3 Regulated Forex Brokers
Beware Trade Fintech is an Offshore Broker. It is NOT SAFE to trade.
- Company name:
Fintech Technologies. Fintech Trade. S.O Strategic Partnership LP.
- Registration Address/ License:
Marshall Islands. Payment provider in Scotland. Offshore License, No Regulation.
The Trade Fintech company is an online trading provider through advanced technologies and range of trading assets through its declared offices in the Marshall Islands. Being located in the offshore zone fist of all it means that there is no serious operation license or the international authority that regularly check on the broker, as well the company does not maintain the necessary security of funds. Simply it means the broker is able to do business as they wish, and of course, this involves the highest risks even on losing funds.
Since the trading among market growing daily, the international authorities re-checking the proposals and other companies with a purpose to warn clients against risk investments. Therefore the Trade Fintech appeared in various alert lists due to their non-regulated nature, which includes European authorities like CNMV, CONSOB, FCA and others.
“Trade Fintech firm has been providing financial services or products in the UK without our authorization. Based upon information we hold, we believe it is carrying on regulated activities which require authorization.”
We, along with the reputable authorities strongly advise against responding to any offer of financial services made by non-regulated entities and Trade Fintech in particular and against transferring money to any account it might mention. In fact, there are plenty of regulated brokers that set trading conditions to very attractive offering too while performing the utmost level of protection through various programs and compliance to rules. Therefore, we recommend choosing among brokers from reputable jurisdictions alike FCA regulated brokers, CySEC brokers or others.