Credtrade Review : Fees, Pros and Cons, Reviews by Real Traders

Credtrade

Operating status: SCAM

Website: https://www.credtrade.live/

Broker violations and abnormal records

Mar 09, 2023 The UK regulator FCA added Credtrade to its warning list
The Financial Conduct Authority (FCA) issued a warning against Credtrade on March 10th, 2023 after finding this broker potentially providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/credtrade

The Financial Conduct Authority (FCA) issued a warning against Credtrade on March 10th, 2023 after finding this broker potentially providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/credtrade
Mar 12, 2023 BrokersView has reviewed that Credtrade is an Unregulated broker
Credtrade presents zero details about its regulatory information, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.
As we read the information on this broker's website, we noticed it claimed to be located in the United Kingdom. According to the rules and laws, firms providing financial services or products in the UK shall be authorized by the Financial Conduct Authority (FCA). However, when searching in the FCA's registry, we found that this broker was added to FCA's warning list as an unauthorized firm.
The truth is, Credtrade 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.

Credtrade presents zero details about its regulatory information, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.As we read the information on this broker's website, we noticed it claimed to be located in the United Kingdom. According to the rules and laws, firms providing financial services or products in the UK shall be authorized by the Financial Conduct Authority (FCA). However, when searching in the FCA's registry, we found that this broker was added to FCA's warning list as an unauthorized firm.The truth is, Credtrade 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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