Is TradeState a safe platform?

https://trade-state.com/sobre-nosotros/

Dear Investor,

TradeState is not a secure or reliable website, as it does not hold a valid brokerage license.

The platform does not display any regulatory information and merely claims to be registered in Saint Vincent and the Grenadines. Upon checking the Financial Services Authority (FSA) of Saint Vincent and the Grenadines registry, we found a company named TRADE STATE GROUP LLC registered. However, this registration only grants it International Business Company (IBC) status, which does not constitute a valid financial license for trading activities. Furthermore, the SVG FSA has publicly stated that it neither regulates nor licenses foreign exchange trading operations.

Adding to the concerns, on January 13, 2025, TradeState was added to the warning list by Spain’s Comisión Nacional del Mercado de Valores (CNMV) for providing investment services without proper authorization.

Given these facts, TradeState exhibits highly suspicious behavior and appears to be an unlicensed and potentially fraudulent broker. We strongly advise you to avoid engaging in any transactions with this entity.