Softech Trades Review : Fees, Pros and Cons, Reviews by Real Traders

Softech Trades

Operating status: SCAM

Website: https://softechtrades.com/

Broker violations and abnormal records

Jun 14, 2023 The Italian CONSOB orders Softech Trades' website to be blacked out
On June 15, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered Softech Trades' website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-15-june-2023/718268

On June 15, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered Softech Trades' website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-15-june-2023/718268
Jun 19, 2023 BrokersView has reviewed that Softech Trades is an unregulated broker
Softech Trades claims to be operated by EUROPEAN MARKETS LTD, a company supposedly regulated by FINMSA with Reference Number 06609370. However, there is no such recognized authority called FINMSA, raising significant concerns about this broker's authenticity and legitimacy. This broker displays its UK address, where almost all market participants are required to be authorized and regulated by the Financial Conduct Authority (FCA). We have conducted a search on the FCA register and found a company named "European Markets Limited" which has no association with Softech Trades. As such, Softech Trades is not supervised by any relevant regulatory body.
Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered Softech Trades' website to be blacked out since it offers financial services illegally.
In essence, Softech Trades is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Softech Trades claims to be operated by EUROPEAN MARKETS LTD, a company supposedly regulated by FINMSA with Reference Number 06609370. However, there is no such recognized authority called FINMSA, raising significant concerns about this broker's authenticity and legitimacy. This broker displays its UK address, where almost all market participants are required to be authorized and regulated by the Financial Conduct Authority (FCA). We have conducted a search on the FCA register and found a company named "European Markets Limited" which has no association with Softech Trades. As such, Softech Trades is not supervised by any relevant regulatory body.Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered Softech Trades' website to be blacked out since it offers financial services illegally.In essence, Softech Trades is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Oct 22, 2025 BrokersView has identified that Softech Trades's website is currently offline
BrokersView found that the domain "https://softechtrades.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://softechtrades.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Reviews

Be the first to review.

Rate and Review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.