ANSWER AsianTrade is not a licensed or regulated broker even though it states offers that look good to be true. AsianTrade claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, AsianTrade shows its company address is in Japan. However, we did not find any match results to AsianTrade in the Japanese regulator Financial Services Agency (Japan FSA).The truth is, AsianTrade 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 AsianTrade and trade with licensed brokers.
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