TUOTENDA claims to be an experienced and trustworthy broker while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.

Besides, TUOTENDA shows two company addresses in Hong Kong and Melbourne, Australia. As per the relevant laws, we searched two regulatory bodies, including the Hong Kong Securities And Futures Commission (HK SFC) and the Australian Securities & Investments Commission (ASIC). However, we did not find any match results to TUOTENDA in the two watchdogs' registries. That means TUOTENDA is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.