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UAGTrade
Regulators:
https://www.uagtrade.com/
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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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.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.


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