Your Trade Choice Review
Your Trade Choicewww.yourtradechoice.com
Reason to avoid: Offshore license
Listed Date: November 30, 2018
Top 3 Regulated Forex Brokers
Beware Your Trade Choice is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Trade Choice FX Limited
- Registration/license: St. Vincent and the Grenadines
- Registration/license requirement: USD 2,000
Your Trade Choice is a broker that offers trading in Forex and CFDs on metals, futures and shares. The company is owned and managed by Trade Choice FX Limited, the entity name of Your Trade Choice (Trading name) and is registered as an IBC in St. Vincent and the Grenadines. However, offshore registration usually doesn’t guarantee the safety of funds and clients’ protection, especially in the St. Vincent and the Grenadines, where local authority doesn’t issue forex licenses. The website supports Spanish language, which means Your Trade Choice has been targeting Spanish-speaking clients mostly. As a proof, there is a warning from Spain’s regulator CNMV issued against the broker:
“Your Trade Choice http://yourtradechoice.com is not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, or provide the auxiliary services detailed in letters a), b), d), f) and g) of Article 141 of said Law, which includes investment advice, in relation to the financial instruments detailed in article 2 of the said Law, including, to those purposes, transactions on foreign currency.”
As we see, Your Trade Choice is an unregulated offshore forex broker, just like many others. It has been warned against and according to the numerous negative reviews already has pretty bad. It would be wise to choose another broker instead. It is preferable to use the services of a proper broker regulated by UK’s FCA or the ASIC, for example.