• Company name: Celestial Trading ltd.
  • Registration/license: Seychelles
  • Registration/license requirement: $2000

Is Tradovest a regulated forex broker or a scam?

no, Tradovest broker is a Non-Regulated Broker. It is NOT SAFE to trade.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.

Tradovest forex broker is owned by a Seychelles-based holding company called Celestial Trading ltd. It is an offshore broker that doesn’t provide its addrees, but provides different contact numbers in different countries (UK, Switzerland, Germany, New Zealand, Austria and Spain). Although the company is not authorized in any of them. The key requirements for the Seychelles license are: domestic company in Seychelles with share capital of $50,000 and an operational office in Seychelles. The advantages of this license are speed and low cost. Comparing the license from UK’s Financial Conduct Authority, it costs USD 50,000 and also needs USD 100,000 of capital for the STP license aside from client deposits.

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