Need to know about AZ Traders license details https://www.aztrades.com/

By Hashik Haneefa, from India, April 10, 2019 at 08:11 AM

Hi Team, Need to know about AZ Traders ( AZ Markets LTD) license details and activities (https://www.aztrades.com/). This forex brokers is fraud or legal ? when i tried to ask them for license details they are not providing. Also noticed most of the investors migrated from one broker called “Dracofx.com” to AZ traders. So i am feeling may be its same company cause Dracofx website and other things not working now. I had deposited Dracofx $5000, but i loses that money.

Answer: Hi Hashik Haneefa,

AZ Trades is an offshore broker from Saint Vincent and the Grenadines. We keep reminding our readers that such offshore zones are famous for their loose legal regimes, tax free and low-cost licenses. They are basically not licensed, nor supervised by any authority.

Read here to see why to avoid forex broker from Saint Vincent and the Grenadines. See some feedbacks ( feedback 1, feedback 2) from our readers here where their withdrawals were rejected by the brokers there. Please, also check our AZ Trades review.

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