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Affinity Trades

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Operating status: SCAM

Website: https://affinitytrades.com/

Broker violations and abnormal records
  • Aug 27, 2024 BrokersView has reviewed that Affinity Trades is an unregulated broker

    Affinity Trades claims to be registered in St. Lucia, promoting this registration as proof of its legitimacy. However, forex trading activities are not licensed in St. Lucia. In addition, it is located in Dubai. Upon investigation, no matching information was found in the Securities and Commodities Authority (SCA), DuBai Financial Services Authority (DFSA), and Central Bank of U.A.E. (CBUAE).

    In essence, Affinity Trades 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.

    Affinity Trades appears to be a scam.

    Affinity Trades claims to be registered in St. Lucia, promoting this registration as proof of its legitimacy. However, forex trading activities are not licensed in St. Lucia. In addition, it is located in Dubai. Upon investigation, no matching information was found in the Securities and Commodities Authority (SCA), DuBai Financial Services Authority (DFSA), and Central Bank of U.A.E. (CBUAE).In essence, Affinity Trades 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.Affinity Trades appears to be a scam.

Related Complaints

Q&A

Help check Affinity Trades.

cafedeart
Grenada
Aug 29, 2024
ANSWER Dear Investor,We are concerned that Affinity Trades may be a scam.Offshore registration: The broker claims to be registered in St. Lucia, an offshore center known for its lax regulations. It is important to note that this jurisdiction does not license or regulate forex trading activities.Lack of regulatory oversight: While Affinity Trades purports to be physically located in Dubai, there are no indications that it is authorized or regulated by the relevant financial regulators. Without valid licensing details to substantiate its legitimacy, Affinity Trades is most likely a scam due to its unregulated status.Therefore, we strongly advise against using Affinity Trades. For a safer trading environment, we highly recommend choosing brokers that are fully regulated by reputable financial authorities.
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