TradeView Forex Review
Reason to avoid: Offshore license
Listed Date: August 17, 2018
Top 3 Regulated Forex Brokers
- Company name: Tradeview Ltd.
- Registration/license: Cayman Islands
- Registration/license requirement: USD 27,000
TradeView Forex is a Forex broker owned and operated by the Tradeview Ltd. Tradeview Ltd is a fully registered dealer under the regulations of the Cayman Island Monetary Authority (CIMA). Although the company is licensed, it doesn’t change the fact that it is an offshore license and the traders should be aware of all the risks. Many forex brokers obtain Cayman Islands license because it is cheaper (USD 27,000 capital requirement) in comparison to UK’s FCA capital requirement of 125,000 EUR for STP license. We would advise to select a forex broker licensed in UK or Australia for instance, where regulation is strict and there are compensation schemes, which will protect invested money. Check the list of the UK’s FCA regulated brokers here.