The Cyprus CySEC Added Aglo Trade into Its Warnings On 8 Nov 2022, Cyprus Securities and Exchange Commission (CySEC) issued a warning that Aglo Trade did not belong to an entity that has been granted authorization for the provision of investment services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=75c86ae6-0062-46e1-9735-2d601c37f653

BrokersView has Reviewed that Aglo Trade is an Unregulated Forex Broker Aglo Trade claims to be a licensed broker under multiple regulations, including: 1) Cyprus Securities and Exchange Commission (CySEC), No. 901/58; 2) the Dubai Financial Services Authority (DFSA); 3) Belize Financial Services Commission (Belize FSC or IFSC); 4) the United Kingdom Financial Conduct Authority (UK FCA); 5) Australian Securities & Investment Commission (ASIC); 6) the Financial Services Conduct Authority (FSCA) of South Africa.Since the broker also presents an Austrian phone number, we also searched: 7) Austrian Financial Market Authority (Austria FMA).However, we did find any information that can prove the accreditations or licenses of this company on the above forex regulators' websites. That means the broker is not authorized by them to provide financial services. Moreover, CySEC issued a warning that Aglo Trade did not belong to an entity that has been granted authorization for the provision of investment services.The truth is that Aglo Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

BrokersView has identified that Aglo Trade's website is currently offline BrokersView found that the domain "https://aglotrade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Aglo Trade seems to be a good broker to me. Should I invest? Aglo Trade is not a licensed or regulated broker even though it states offers that look good to be true. Aglo Trade claims to be a licensed broker under multiple regulations, including: 1) Cyprus Securities and Exchange Commission (CySEC), No. 901/58; 2) the Dubai Financial Services Authority (DFSA); 3) Belize Financial Services Commission (Belize FSC); 4) the United Kingdom Financial Conduct Authority (FCA); 5) Australian Securities & Investment Commission (ASIC); 6) the Financial Services Conduct Authority (FSCA) of South Africa.However, we did find any information that can prove the accreditations or licenses of this company on the above forex regulators' registries. That means the broker is not authorized by them to provide financial services. Moreover, CySEC issued a warning that Aglo Trade did not belong to an entity that has been granted authorization for the provision of investment services. You can check the full warning from here.The truth is, Aglo Trade 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 Aglo Trade and trade with licensed brokers. View Source