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Trusttradefi (Trust Trade Fi)

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Operating status: SCAM

Website: https://www.trusttradefi.io/

Broker violations and abnormal records
  • 2023-07-24 The UK FCA issues a warning against Trusttradefi (Trust Trade Fi)

    On July 25, 2023, the Financial Conduct Authority (FCA) issued a warning against Trusttradefi (Trust Trade Fi), believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/trusttradefi-trust-trade-fi-group-trust-trade-finance

    On July 25, 2023, the Financial Conduct Authority (FCA) issued a warning against Trusttradefi (Trust Trade Fi), believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/trusttradefi-trust-trade-fi-group-trust-trade-finance
  • 2023-07-26 BrokersView has reviewed that Trusttradefi (Trust Trade Fi) is an unregulated broker

    Trusttradefi (Trust Trade Fi) fails to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.

    Trusttradefi (Trust Trade Fi) provides an address in the UK. If the location were true, it would be required to be authorized by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against Trusttradefi (Trust Trade Fi) for illegally providing financial services/products to UK citizens.

    In essence, Trusttradefi (Trust Trade Fi) 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. It is unequivocally a scam.

    Trusttradefi (Trust Trade Fi) fails to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.Trusttradefi (Trust Trade Fi) provides an address in the UK. If the location were true, it would be required to be authorized by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against Trusttradefi (Trust Trade Fi) for illegally providing financial services/products to UK citizens.In essence, Trusttradefi (Trust Trade Fi) 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. It is unequivocally a scam.

Related Complaints

Q&A

Does it charge transaction fees?

serge Dor
Grenada
2023-08-15
ANSWER When making an investment decision, the first thing to do is verifying a broker's licenses. Due to its unlicensed status, we strongly suggest you avoid Trusttradefi (Trust Trade Fi) regardless of the fees.Trusttradefi (Trust Trade Fi) fails to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.While Trusttradefi (Trust Trade Fi) provides an address in the UK, it fails to obtain authorization from the Financial Conduct Authority (FCA). In the warning against Trusttradefi (Trust Trade Fi), FCA confirmed that it is illegally providing financial services/products to UK citizens.In essence, Trusttradefi (Trust Trade Fi) is an unregulated broker. It comes with significant risks such as fraud and identity theft. Without regulatory oversight, interests of investors dealing with this platform cannot be protected. Therefore, it is advisable for investors to stay away from unlicensed brokers like Trusttradefi (Trust Trade Fi) and choose a fully regulated one.
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