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TRUSTGUARANTEETRADE

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Operating status: SCAM

Website: https://www.trustguaranteetrade.com/

Broker violations and abnormal records
  • 2023-11-26 The FCA issues a warning against TRUSTGUARANTEETRADE

    On November 27, 2023, the Financial Conduct Authority (FCA) issued a warning against TRUSTGUARANTEETRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/trustguaranteetrade

    On November 27, 2023, the Financial Conduct Authority (FCA) issued a warning against TRUSTGUARANTEETRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/trustguaranteetrade
  • 2023-11-28 BrokersView has reviewed that TRUSTGUARANTEETRADE is an unregulated broker

    While TRUSTGUARANTEETRADE portrays itself as a regulated broker, it doesn't provide any specific information regarding its regulatory status.

    On its website, it lists a Russian address and an American address. Therefore, we searched for this broker in the register of relevant financial regulators to verify if it is authorized. However, we found no corresponding records.

    What's more, the Financial Conduct Authority (FCA) has issued a warning against TRUSTGUARANTEETRADE, stating that it is not authorized to solicit investors within the UK. This negative situation underscores the substantial risks involved.

    In essence, TRUSTGUARANTEETRADE 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.

    TRUSTGUARANTEETRADE is unequivocally a scam.

    While TRUSTGUARANTEETRADE portrays itself as a regulated broker, it doesn't provide any specific information regarding its regulatory status.On its website, it lists a Russian address and an American address. Therefore, we searched for this broker in the register of relevant financial regulators to verify if it is authorized. However, we found no corresponding records.What's more, the Financial Conduct Authority (FCA) has issued a warning against TRUSTGUARANTEETRADE, stating that it is not authorized to solicit investors within the UK. This negative situation underscores the substantial risks involved.In essence, TRUSTGUARANTEETRADE 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.TRUSTGUARANTEETRADE is unequivocally a scam.

Related Complaints

Q&A

Does anyone trade with TRUSTGUARANTEETRADE before? Is it good?

FXARMY
Malaysia
2023-12-11
ANSWER No, TRUSTGUARANTEETRADE is not a good choice for investors as it is an unlicensed forex broker, posing substantial risks to traders.TRUSTGUARANTEETRADE hasn't disclosed details about its regulatory status. This lack of transparency suggests that it may not comply with relevant rules and hasn't obtained the required licenses for its business, which is a red flag. While it claims to have offices in both Russia and the US, there are no indications that it is registered with the relevant financial regulators. In addition, its unlicensed financial activities have elicited a warning from the UK's financial watchdog, the Financial Conduct Authority (FCA), further substantiating its illegitimacy.Therefore, trading with TRUSTGUARANTEETRADE may expose investors to fraud and identity theft. To safeguard their interests, traders are advised to stay away from unlicensed platforms like TRUSTGUARANTEETRADE and instead choose fully regulated ones with great reputations.
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