The BCSC issued a warning against AutoSmart Trades On 2 Apr 2024, the British Columbia Securities Commission (BCSC) issued a warning that AutoSmart Trades was providing financial services or products without authorisation. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/autosmart-trades
AutoSmart Trades
VisitRisk Level - High
AutoSmart Trades
Risk Level - High
Scam Evidence & Warnings
BrokersView has reviewed that AutoSmart Trades is an unregulated broker According to its website, it displays a certificate from a relevant U.S. agency on the web page, so it is obliged to obtain authorization from the National Financial Association (NFA). Upon investigation, no matching information was found in the NFA.In addition, the British Columbia Securities Commission (BCSC) issued a warning that AutoSmart Trades was providing financial services or products without authorisation. The truth is that BTC Bank Canada is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money cannot be protected by any laws.Therefore, BTC Bank Canada is a scam.
Is AutoSmart Trades really legitimate in the US? AutoSmart Trades is not considered legitimate in the US, as it has failed to register as a member of the National Futures Association (NFA).Although it claims to have a business license issued by a US authority, there is no additional evidence to verify its authenticity. The financial services offered by this entity require supervision by the NFA. However, since AutoSmart Trades is not registered with the NFA, it is not regulated by the association.Furthermore, AutoSmart Trades has been detected by the British Columbia Securities Commission (BCSC) for accepting BC residents, resulting in a warning issued by the BCSC. This further underscores the need for caution.Therefore, the services provided by AutoSmart Trades are not recognized as legitimate in the US. It operates as an unlicensed broker, and investors are advised to avoid it. To reduce risks, it is recommended to choose brokers that are fully regulated. View Source
AutoSmart Trades refuses to allow withdrawals for various reasons I have invested about 10,000 US dollars in this broker since February. Now I have more than 14,000 US dollars in my account. I have applied for a withdrawal, but the platform customer service has been refusing to withdraw the funds for various reasons. I hope they can help me withdraw my principal one day soon. take out! View Source
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