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UAGTrade

Operating status: SCAM

Website: https://www.uagtrade.com/

Broker violations and abnormal records
  • Aug 11, 2021 BrokersView has reviewed that UAGTrade is an unregulated forex broker

    UAGTrade is not a reliable broker even though it states offers that look good to be true. UAGTrade claims it is incorporated in the United Arab Emirates as a Financial Company with the registration number AFZ/OS/1454. However, we did not find any match results to UAGTrade in the Central Bank of the United Arab Emirates (CBUAE). That means UAGTrade is not an approved broker to offer financial services in the United Arab Emirates.

    Besides, UAGTrade claims it has a registered office in Kingstown, St. Vincent and the Grenadines. However, we did not find any match results to UAGTrade in St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue any licenses for forex trading nor regulate forex activities. 

    The truth is UAGTrade is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

    UAGTrade is not a reliable broker even though it states offers that look good to be true. UAGTrade claims it is incorporated in the United Arab Emirates as a Financial Company with the registration number AFZ/OS/1454. However, we did not find any match results to UAGTrade in the Central Bank of the United Arab Emirates (CBUAE). That means UAGTrade is not an approved broker to offer financial services in the United Arab Emirates.Besides, UAGTrade claims it has a registered office in Kingstown, St. Vincent and the Grenadines. However, we did not find any match results to UAGTrade in St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue any licenses for forex trading nor regulate forex activities. The truth is UAGTrade is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, 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.

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