Reason to avoid: Offshore license
Listed Date: February 15, 2019
Top 3 Regulated Forex Brokers
Beware TradeInvest90 is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Celestial Trading ltd.
- Registration/license: Seychelles
Is TradeInvest90 a scam or legit broker?
No, it is not safe to trade with TradeInvest90. TradeInvest90 is owned by Celestial Trading Ltd. which is an offshore company registered in Seychelles.
Seychelles is notorious for its easy process of financial or investment firm establishment, through a very low list of requirements, small budgets and what is more crucial with no strict overseeing of the brokers’ operation or history. Therefore, it became an offshore zone for shady forex brokers such as AG Capitals, Swift Bit Options and more.
TradeInvest90 offers a wide range of different assets including Forex, CFDs, stocks, bonds, futures, indices, as well as crypto. According to the terms and conditions on the website, all the payments are processed by CELTIC PAY LTD., based in the United Kingdom, however, the broker is not authorized to provide financial services in the UK. Also, the broker claims to be licensed and regulated by the Montenegro security exchange commission, which is a false claim.
Moreover, TradeInvest90 has been blacklisted by the Austrian FMA:
“Celestial Trading Ltd / Tradeinvest90 is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.”
We advise all investors and traders to avoid TradeInvest90 and other brokers from Seychelles. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as etoro and plus500.