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Aglo Trade

Operating status: SCAM

Website: https://aglotrade.com/

Broker violations and abnormal records
  • Dec 07, 2022 The Cyprus CySEC Added Aglo Trade into Its Warnings

    On 8 Nov 2022, Cyprus Securities and Exchange Commission (CySEC) issued a warning that Aglo Trade did not belong to an entity that has been granted authorization for the provision of investment services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=75c86ae6-0062-46e1-9735-2d601c37f653

    On 8 Nov 2022, Cyprus Securities and Exchange Commission (CySEC) issued a warning that Aglo Trade did not belong to an entity that has been granted authorization for the provision of investment services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=75c86ae6-0062-46e1-9735-2d601c37f653
  • Dec 11, 2022 BrokersView has Reviewed that Aglo Trade is an Unregulated Forex Broker

    Aglo Trade claims to be a licensed broker under multiple regulations, including: 

     1) Cyprus Securities and Exchange Commission (CySEC), No. 901/58;

     2) the Dubai Financial Services Authority (DFSA);

     3) Belize Financial Services Commission (Belize FSC or IFSC);

     4) the United Kingdom Financial Conduct Authority (UK FCA);

     5) Australian Securities & Investment Commission (ASIC);

     6) the Financial Services Conduct Authority (FSCA) of South Africa.

    Since the broker also presents an Austrian phone number, we also searched: 

     7) Austrian Financial Market Authority (Austria FMA).

    However, we did find any information that can prove the accreditations or licenses of this company on the above forex regulators' websites. That means the broker is not authorized by them to provide financial services. 

    Moreover, CySEC issued a warning that Aglo Trade did not belong to an entity that has been granted authorization for the provision of investment services.

    The truth is that Aglo Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Aglo Trade claims to be a licensed broker under multiple regulations, including: 1) Cyprus Securities and Exchange Commission (CySEC), No. 901/58; 2) the Dubai Financial Services Authority (DFSA); 3) Belize Financial Services Commission (Belize FSC or IFSC); 4) the United Kingdom Financial Conduct Authority (UK FCA); 5) Australian Securities & Investment Commission (ASIC); 6) the Financial Services Conduct Authority (FSCA) of South Africa.Since the broker also presents an Austrian phone number, we also searched: 7) Austrian Financial Market Authority (Austria FMA).However, we did find any information that can prove the accreditations or licenses of this company on the above forex regulators' websites. That means the broker is not authorized by them to provide financial services. Moreover, CySEC issued a warning that Aglo Trade did not belong to an entity that has been granted authorization for the provision of investment services.The truth is that Aglo Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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