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

Sharesforextrade

Operating status: SCAM

Website: https://sharesforextrade.com/

Broker violations and abnormal records

Mar 27, 2022 The Seychelles FSA Added Sharesforextrade into Its Warnings
On 11 Aug 2022, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning that Sharesforextrade is not relate to any entity licensed or regulated by the FSA in any capacity. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-website

On 11 Aug 2022, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning that Sharesforextrade is not relate to any entity licensed or regulated by the FSA in any capacity. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-website
May 22, 2022 CySEC Issued a Warning Regarding Sharesforextrade
On 23 May 2022, the CySEC has issued a warning regarding Sharesforextrade. According to the CySEC's rules, Sharesforextrade does not belong to one of the firms licensed by the watchdog as they haven't been granted an authorization for the provision of investment services. You may check: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=a039de2a-6fd6-4654-a7e6-e01961662d66

On 23 May 2022, the CySEC has issued a warning regarding Sharesforextrade. According to the CySEC's rules, Sharesforextrade does not belong to one of the firms licensed by the watchdog as they haven't been granted an authorization for the provision of investment services. You may check: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=a039de2a-6fd6-4654-a7e6-e01961662d66
May 24, 2022 BrokersView has Reviewed that Sharesforextrade is an Unregulated Forex Broker
Sharesforextrade has a domain name that was first created in August 2021, less than one year ago. However, the homepage of Sharesforextrade claims it won multiple awards in 2018 and 2019. Here is a strong signal that it is a fraud.
Secondly, if you open the website and want to read more information about the company, you will be surprised to find that only the homepage of Sharesforextrade is working, the rest of links don't work at all.
Thirdly, you will notice the company states it is an an authorized broker under double supervision, including the Financial Services Authority (FSA) of Seychelles under a Securities Dealer licence number SD0373 and the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11 on its its foot page. Actually, it gets no licenses from the two regulators.
Moreover, there is a warning issued by Seychelles FSA - Sharesforextrade is not relate to any entity licensed or regulated by the FSA in any capacity. And CySEC warned the public that the broker is not authorized by CySEC to provide fianancial services.
Based on the information, we can conclude that Sharesforextrade is a scam.

Sharesforextrade has a domain name that was first created in August 2021, less than one year ago. However, the homepage of Sharesforextrade claims it won multiple awards in 2018 and 2019. Here is a strong signal that it is a fraud.Secondly, if you open the website and want to read more information about the company, you will be surprised to find that only the homepage of Sharesforextrade is working, the rest of links don't work at all.Thirdly, you will notice the company states it is an an authorized broker under double supervision, including the Financial Services Authority (FSA) of Seychelles under a Securities Dealer licence number SD0373 and the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11 on its its foot page. Actually, it gets no licenses from the two regulators.Moreover, there is a warning issued by Seychelles FSA - Sharesforextrade is not relate to any entity licensed or regulated by the FSA in any capacity. And CySEC warned the public that the broker is not authorized by CySEC to provide fianancial services. Based on the information, we can conclude that Sharesforextrade is a scam.
Nov 14, 2022 BrokersView has found that Sharesforextrade is not working
BrokersView found the domain "https://sharesforextrade.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://sharesforextrade.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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