Progresive Trade Review : Fees, Pros and Cons, Reviews by Real Traders

Progresive Trade

Operating status: SCAM

Website: https://progresivetrade.com/

Broker violations and abnormal records

Jan 08, 2023 The UK FCA Added Progressive Trade into Its Warnings
On 9 Jan 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Progressive Trade may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/progressive-trade-ltd

On 9 Jan 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Progressive Trade may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/progressive-trade-ltd
Jan 10, 2023 BrokersView has Reviewed that Progresive Trade is an Unregulated Forex Broker
Progresive Trade claims to be owned and operated by Ailurophile Group LLC, a company registered with the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 1992 LLC 2022. We indeed found a match result to Ailurophile Group LLC in SVG FSA, but please be informed that SVG FSA is not a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. Having registration does not mean having valid regulations.
More importantly, the United Kingdom Financial Conduct Authority (FCA) issued a warning against Progresive Trade for may be providing financial services or products in the UK without authorization.
The truth is, Progresive Trade is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

Progresive Trade claims to be owned and operated by Ailurophile Group LLC, a company registered with the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 1992 LLC 2022. We indeed found a match result to Ailurophile Group LLC in SVG FSA, but please be informed that SVG FSA is not a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. Having registration does not mean having valid regulations.More importantly, the United Kingdom Financial Conduct Authority (FCA) issued a warning against Progresive Trade for may be providing financial services or products in the UK without authorization.The truth is, Progresive Trade is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. 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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.