ANSWER Traders88 is not a licensed or regulated broker even though it states offers that look good to be true. Traders88 claims to be a trade name of TARA HOLDINGS LIMITED, a company registered in the Companies House of the United Kingdom (CH) with registration number 12567960. We indeed find a match result to TARA HOLDINGS LIMITED in CH, but the registration status of this company is dissolved. Besides, CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.As per 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). However, we did not find any match results to Traders88 or TARA HOLDINGS LIMITED in FCA.The truth is, Traders88 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 Traders88 and trade with licensed brokers.
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