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AllGreatTrade

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Risk Level - High

Scam Evidence & Warnings

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The CSSF issues a warning against AllGreatTrade On 21 Aug, 2024, Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity AllGreatTrade. https://www.cssf.lu/en/2024/08/warning-concerning-the-website-www-allgreat-trade-com/

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BrokersView has reviewed that AllGreatTrade is an unregulated broker According to its website, it is located in Scotland. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).In addition, the Commission de Surveillance du Secteur Financier (CSSF) issued a warning about the fraudulent activities carried out by the entity AllGreatTrade.In essence, AllGreatTrade 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.AllGreatTrade appears to be a scam.

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BrokersView has identified that AllGreatTrade's website is currently offline BrokersView found that the domain "allgreat-trade.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.

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AllGreatTrade legit? Dear Investor,We are concerned that AllGreatTrade is a scam.In the website footer, AllGreatTrade only provides a link labeled with a company number to a specific page of Companies House (CH) to appear authentic. It doesn't disclose any other valid licensing details to substantiate its legitimacy in the market. Mere registration with the CH doesn't carry the same weight as authorization from a financial authority. Therefore, the limited information claimed by AllGreatTrade cannot be considered solid evidence of its legitimacy. Additionally, the Commission de Surveillance du Secteur Financier (CSSF) has issued a warning about the unauthorized activities carried out by AllGreatTrade, which is another red flag for the broker's non-compliance.Therefore, we strongly suggest you avoid using AllGreatTrade, as it is not regulated at all. To ensure a safer trading environment, it is highly recommended to choose fully regulated brokers. View Source

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