ANSWER Etrading account is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Etrading account claims to be operated by Trading Account Limited, a company purportedly registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 25553BC2019. However, no matching records can be found in the SVG FSA registry. Furthermore, the SVG FSA has explicitly stated that it does not issue forex licenses nor does it regulates entities involved in such activities. Therefore, the provision of investment services or products by etrading account is unregulated and illegal.Regarding your question, we strongly suggest you avoid dealing with etrading account due to its status as an unlicensed broker. Using an unlicensed broker could pose huge risks to investors' funds and personal information. Once your money enters the fake trading platform's system, there are no rules to safeguard it. Therefore, investors are advised to stay away from unlicensed brokers like etrading account and opt for fully regulated ones instead.
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