ANSWER Ferri Trade is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.Ferri Trade fails to disclose its regulatory information and licensing data, which can be interpreted as a scam indicator. In an attempt to appear real, Ferri Trade displays an address in Sweden. We searched for this broker in the register of Finansinspektionen (FI), Sweden's financial supervisory authority, but didn't find any matching records, casting doubts on Ferri Trade's reliability and authenticity.Regarding your question, we strongly suggest you avoid Ferri Trade because it is an unlicensed broker operating outside the regulatory framework. As there are no legal protections in place to safeguard investors' interests, users of this platform are exposed to significant risks such as financial losses and identity theft. Therefore, investors are encouraged to stay away from unlicensed brokers like Ferri Trade and choose a fully regulated one instead.
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