The Spanish regulator CNMV added DirecTrader into the unregistered firm alert The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=DirecTrader

BrokersView has reviewed that DirecTrader is an unregulated forex broker DirecTrader claims to be registered in Saint Vincent and the Grenadines, but we didn’t find any result in the registers of Saint Vincent and the Grenadines’ Financial Services Authority (SVG FSA). Besides, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So DirecTrader is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

BrokersView has found that DirecTrader is not working BrokersView found the domain https://www.directrader.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Is DirecTrader regulated and safe for trader outside of European Union? DirecTrader is an unlicensed broker and should be avoided at all events. DirecTrader claims to be registered in Saint Vincent and the Grenadines, but we didn't find any matching results in the registers of Saint Vincent and the Grenadines' Financial Services Authority (SVG FSA). Besides, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or license international companies engaging in such activities. So DirecTrader is not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam.What's worse, the Spain's regulator CNMV has added DirecTrader to its alert list to warn the public that this firm is not authorised to provide the investment services in the country. You can check the full alert or warning here.We would recommend traders stay away from unregulated brokers like DirecTrader and trade with licensed brokers. View Source