ANSWER TradeLTD is not licensed and should be avoided at all events. TradeLTD claims to be owned and operated by CURRENCY BOARD OU, registered and regulated in ESTONIA as a payment agent and currency exchange agent based on license and legal opinions. However, in substance, it is not overseen by the Estonian Financial Supervision Authority (EFSA) as we didn't find any regulatory information of this firm. What's worse, the New Zealand's regulator FMA and the UK's regulator FCA have successively added TradeLTD to the alert list to warn the public that this firm is not authorised to provide the investment services in their countries. You can check full alert or warning from FMA and FCA on TradeLTD respectively. As per the evidences above, our final conclusion is that TradeLTD is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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