ANSWER No, E30trade is not reliable.E30trade is a scam that does not reveal any information about its regulation or license. The broker claims to be based in Canada, but it has no registration with the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian financial watchdog. Moreover, the Ontario Securities Commission (OSC) has warned that E30trade is not authorized to trade securities in the province, further suggesting that it is a fraudulent platform. You can refer to here for the full OSC warning.Above all, E30trade has no legal oversight from any authority. Investing with this broker is extremely dangerous, as there is no guarantee of the safety of the funds. Therefore, to avoid such risks, we strongly suggest investors stay away from E30trade and choose a fully regulated broker instead.
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