ANSWER Trademay is not safe for investors due to its unlicensed status.While it claims to be located in the UK, the platform doesn't comply with relevant regulations, like registration with the Financial Conduct Authority (FCA) for its operations. What's more, the Belgian Financial Services and Markets Authority (FSMA) has added Trademay to its warning list as a fraudulent trading platform.Therefore, Trademay poses substantial risks of fraud and identity theft, due to the absence of regulatory oversight. To prevent from falling victim to fraud schemes, it is highly recommended to choose fully regulated brokers instead of unregulated ones such as Trademay.
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