advise about

By Erik Malinen, from Cyprus, May 6, 2020 at 02:30 PM

Could you advise about this online broker They claim to be regulated by VFSC Vanuatu. Is this serious regulator? I was trying to find a link to these awards they list on their web site. Are there such awards? See attachment. I do not find any customer comments if they are scam. Nor any positive comments or reviews. Any help is appreciated.

Answer: Hi Erik Malinen,

AnyTrades looks like one more offshore broker that should be avoided for a reason. First and the most valid reason to stay away from this broker is its offshore regulation. You can read more about Vanuatu brokers and why they should be avoided in our detailed article.

Also, the broker claims to have offices in Denmark, Liechtenstein, Gibraltar and Malta. However, the firm is not regulated in these countries and is not allowed to offer financial services.

The last, but not least, as you have already mentioned, the awards mentioned on the website are fake as there are no such nomination and this broker was never nominated for any Forex award. Please, stay away from AnyTrades and choose only from the well-regulated reputable companies.

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