Operating status: SCAM
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
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.