ANSWER Areatrading is not a licensed or regulated broker even though it states offers that look good to be true. Areatrading claims to be an reliable broker without presenting any information about its regulation. Lacking regulatory information may be a distinct signal of an unlicensed broker, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag. Besides, Areatrading presents a telephone number that belongs to the UK on its website. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). We did searching in FCA but only found this firm had already been warned by FCA for providing financial services without authorization. You can check the full warning from here.Moreover, the Financial Supervisory Authority of Finland (FIN-FSA or FI) issued a warning that Areatrading is neither authorised by FI to conduct securities business or other financial services in Sweden nor under FI's supervision. You can check the full warning from here.The truth is, Areatrading is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Areatrading and trade with licensed brokers.
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