Is TradeTime a scam or a legit broker?

TradeTime is not a secure broker because it is registered offshore and does not hold a proper Forex broker license. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

About TradeTime
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is TradeTime safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

TradeTime is an offshore Forex broker owned and operated by Almandex Group LTD , based in St Vincent and the Grenadines. The registered address of the broker is also in St Vincent and the Grenadines, but they provide contact phjone numbers in UK, Australia, New Zealand, Spain, Sweden and France, which means they are targeting the residents of these countries without being regulated there.

The SVGFSA (Financial Services Authority of the St Vincent and the Grenadines) is famous for its low capital requirements – you can open a forex broker, by having only USD 2,000 in capital.

As a comparison the United Kingdom’s Financial Services Commission (FCA), demands a minimum of EUR 125,000 for STP license. Find the list of FCA regulated brokers here.

Conclusion 

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about TradeTime. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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