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Credtrade

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Risk Level - High

Scam Evidence & Warnings

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The UK regulator FCA added Credtrade to its warning list The Financial Conduct Authority (FCA) issued a warning against Credtrade on March 10th, 2023 after finding this broker potentially providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/credtrade

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BrokersView has reviewed that Credtrade is an Unregulated broker Credtrade presents zero details about its regulatory information, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.As we read the information on this broker's website, we noticed it claimed to be located in the United Kingdom. According to the rules and laws, firms providing financial services or products in the UK shall be authorized by the Financial Conduct Authority (FCA). However, when searching in the FCA's registry, we found that this broker was added to FCA's warning list as an unauthorized firm.The truth is, Credtrade 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.

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BrokersView has identified that Credtrade's website is currently offline BrokersView found that the domain "https://www.credtrade.live/" 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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