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Do you think UAGTrade is a reliable broker?
Billy Wright
Morocco
Apr 10, 2023
ANSWER UAGTrade is not a reliable broker even though it offers seemingly attractive deals. UAGTrade claims to be incorporated in the United Arab Emirates as a Financial Company with the registration number AFZ/OS/1454. However, we did not find any matching results to UAGTrade in the Central Bank of the United Arab Emirates (CBUAE). That means what this broker claims about the regulatory status is a false statement to unsuspecting investors. In addition, UAGTrade also claims to have a registered office in Kingstown, St. Vincent and the Grenadines, but our search for it in St. Vincent and the Grenadines Financial Services Authority (SVG FSA) did not yield any results.Regarding your question, UAGTrade is not reliable. Entrusting this broker to control and hold your funds or trading with it is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest avoiding unlicensed brokers like UAGTrade and choosing fully regulated ones instead.
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Does UAG Trade offers mobile app for trading?
Cotabet
South Korea
May 23, 2022
ANSWER UAGTrade is not a licensed or regulated broker even though it states offers that look good to be true. UAGTrade claims it is incorporated in United Arab Emirates as a Financial Company with the registration number: AFZ/OS/1454. However, we did not find any match results to UAGTrade in the Central Bank of the United Arab Emirates (CBUAE).Besides, UAGTrade claims it has a registered office of the International Business Company in St. Vincent and the Grenadines. However, we also did not find any match results to UAGTrade in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does neither issue licenses for forex trading nor regulated any forex activities. The truth is, UAGTrade is not regulated by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam. We would recommend traders stay away from unregulated brokers like UAGTrade and trade with licensed brokers.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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