BrokersView
Sign In

Q&A

Newest

Popular

I want to use credit card to deposit. Do they accept credit card?

Villads Holst
Finland
Sep 30, 2022
ANSWER Areatrading is not a licensed or regulated broker even though it states offers that look good to be true. Areatrading claims to be an reliable broker without presenting any information about its regulation. Lacking regulatory information may be a distinct signal of an unlicensed broker, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag. Besides, Areatrading presents a telephone number that belongs to the UK on its website. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). We did searching in FCA but only found this firm had already been warned by FCA for providing financial services without authorization. You can check the full warning from here.Moreover, the Financial Supervisory Authority of Finland (FIN-FSA or FI) issued a warning that Areatrading is neither authorised by FI to conduct securities business or other financial services in Sweden nor under FI's supervision. You can check the full warning from here.The truth is, Areatrading is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Areatrading and trade with licensed brokers.
See more

Im looking for a reliable broker to invest. Is CTmatador good or not?

Josius Tshabalala
Kuwait
Sep 29, 2022
ANSWER CTmatador is not a licensed or regulated broker even though it states offers that look good to be true. CTmatador claims to be owned and operated by Wind Holdings Ltd, a company registered with St. Vincent and the Grenadine Financial Services Authority (SVG FSA) with registration number  26456 BC 2021. We searched SVG FSA and found a match result. However, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. CTmatador also claims it has four offices in Netherland, Singapore, Switzerland and the United Kingdom. As per relevant laws, CTmatafor shall be regulated by regulators in the above contries, including: 1) The Dutch Authority for the Financial Markets (AFM);2) The Monetary Authority of Singapore (MAS);3) The Swiss Financial Market Supervisory Authority (FINMA);4) The United Kingdom Financial Conduct Authority (FCA). However, we did not find any match results to this broker in the above watchdogs' registries.More importantly, the Belgian Financial Services and Markets Authority (FSMA) identifies CTmatador as a fraudulent online trading platform. You can check the full warning from here.The truth is, CTmatador is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like CTmatador and trade with licensed brokers.
See more

1 - 10 of 728 questions

Hot Topics

Most Viewed