Hi! Just wondering what's your idea about trading with threetrader. Are they any good?

https://www.threetrader.com/

Dear Investor,

ThreeTrader claims to be under dual regulation: ThreeTrader Global Limited is reportedly licensed by the Vanuatu Financial Services Commission (VFSC), and ThreeTrader Global (MU) Pty Ltd regulated by the Financial Services Commission (FSC) in Mauritius

We’ve checked both regulators’ official registers and did find entries matching these companies, which suggests their regulatory claims may be technically valid at first glance.

However, there are two important red flags to keep in mind: First, neither the VFSC nor the Mauritius FSC publicly discloses the official website domains linked to these licensed entities. This makes it challenging to confirm whether the platform in question is actually the same one regulated by these authorities. There’s a real risk of brand or license information being misused.

Second, both regulatory bodies are offshore regulators, and are known for having relatively weak oversight and limited investor protection frameworks. They don’t offer strong safeguards, which means your funds could be at higher risk compared to brokers regulated in more established jurisdictions.

Additionally, we found that on August 25, 2023, the Financial Services Agency (FSA) of Japan issued a public warning against ThreeTrader Global Limited, stating that the company is not authorized to operate in Japan and is conducting business there without proper registration. This raises further concerns about the firm’s compliance and its willingness to operate in regulated markets.

So while ThreeTrader’s regulatory claims appear partially valid, we still recommend you proceed with caution when trading with this broker.