BrokersView has reviewed that Affinity Trades is an unregulated broker Affinity Trades claims to be registered in St. Lucia, promoting this registration as proof of its legitimacy. However, forex trading activities are not licensed in St. Lucia. In addition, it is located in Dubai. Upon investigation, no matching information was found in the Securities and Commodities Authority (SCA), DuBai Financial Services Authority (DFSA), and Central Bank of U.A.E. (CBUAE). In essence, Affinity Trades is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Affinity Trades appears to be a scam.

Is Affinity Trades good? Dear Investor, We do not recommend trading with Affinity Trades due to its lack of valid regulatory certificates. The platform has failed to provide any regulatory documentation, merely claiming to be incorporated in Saint Lucia and maintaining an office in Dubai, United Arab Emirates (UAE). First, a search reveals that Affinity Trades Ltd. is indeed registered with the Saint Lucia International Financial Centre (IFC). However, this registration solely represents an International Business Company (IBC) incorporation and does not mean the company has obtained a forex trading license. Please note that the Saint Lucia IFC has publicly stated that Saint Lucia does not regulate or grant licenses for forex and CFD derivative trading. Forex brokers in Saint Lucia are not subject to any supervision. Second, we examined the databases of the primary financial regulators in the UAE, namely the UAE Capital Market Authority (UAE CMA) and the Central Bank of the UAE (CBUAE). No records of Affinity Trades or any affiliated entities were found. This confirms that the platform does not hold a valid license to operate as a broker in the UAE. Therefore, we strongly advise you to avoid trading on such unlicensed platforms to prevent severe financial losses. View Source

Help check Affinity Trades. Dear Investor,We are concerned that Affinity Trades may be a scam.Offshore registration: The broker claims to be registered in St. Lucia, an offshore center known for its lax regulations. It is important to note that this jurisdiction does not license or regulate forex trading activities.Lack of regulatory oversight: While Affinity Trades purports to be physically located in Dubai, there are no indications that it is authorized or regulated by the relevant financial regulators. Without valid licensing details to substantiate its legitimacy, Affinity Trades is most likely a scam due to its unregulated status.Therefore, we strongly advise against using Affinity Trades. For a safer trading environment, we highly recommend choosing brokers that are fully regulated by reputable financial authorities. View Source