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Social Trade Pro
Operating status: SCAM
Website: https://socialtradepro.com/
Broker violations and abnormal records
On Aug 1, 2025, the Australian Securities & Investments Commission (ASIC) issued a warning against Social Trade Pro, believing this company might be providing financial services or products without proper authorization. https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!social-trade-pro-socialtradepro-com--3257
On Aug 1, 2025, the Australian Securities & Investments Commission (ASIC) issued a warning against Social Trade Pro, believing this company might be providing financial services or products without proper authorization. https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!social-trade-pro-socialtradepro-com--3257According to its website, it is to be regulated by the Financial Conduct Authority (FCA), the Financial Sector Conduct Authority (FSCA), and the Australian Securities and Investments Commission (ASIC). Upon investigation, no matching information was found in the FCA and FSCA. In addition, we found that the Australian Securities & Investments Commission (ASIC) issued a warning against Social Trade Pro, believing this company might be providing financial services or products without proper authorization.
In essence, Social Trade Pro is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Social Trade Pro appears to be a scam.
According to its website, it is to be regulated by the Financial Conduct Authority (FCA), the Financial Sector Conduct Authority (FSCA), and the Australian Securities and Investments Commission (ASIC). Upon investigation, no matching information was found in the FCA and FSCA. In addition, we found that the Australian Securities & Investments Commission (ASIC) issued a warning against Social Trade Pro, believing this company might be providing financial services or products without proper authorization. In essence, Social Trade Pro is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Social Trade Pro appears to be a scam.
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