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UTrade Markets
Operating status: SCAM
Website: https://utrademarkets.com
Broker violations and abnormal records
According to its website, it claims regulated by the Financial Services Commission, Mauritius (the 'FSC Mauritius') and the Cyprus Securities and Exchange Commission (CySEC). Upon investigation, no matching information was found in the FSC and CySEC.
In essence, UTrade Markets 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.
UTrade Markets appears to be a scam.
According to its website, it claims regulated by the Financial Services Commission, Mauritius (the 'FSC Mauritius') and the Cyprus Securities and Exchange Commission (CySEC). Upon investigation, no matching information was found in the FSC and CySEC.In essence, UTrade Markets 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.UTrade Markets appears to be a scam.
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