ANSWER Dear Investor,
We do not recommend trading with Affinity Trades due to its lack of valid regulatory certificates. The platform has failed to provide any regulatory documentation, merely claiming to be incorporated in Saint Lucia and maintaining an office in Dubai, United Arab Emirates (UAE).
First, a search reveals that Affinity Trades Ltd. is indeed registered with the Saint Lucia International Financial Centre (IFC). However, this registration solely represents an International Business Company (IBC) incorporation and does not mean the company has obtained a forex trading license. Please note that the Saint Lucia IFC has publicly stated that Saint Lucia does not regulate or grant licenses for forex and CFD derivative trading. Forex brokers in Saint Lucia are not subject to any supervision.
Second, we examined the databases of the primary financial regulators in the UAE, namely the UAE Capital Market Authority (UAE CMA) and the Central Bank of the UAE (CBUAE). No records of Affinity Trades or any affiliated entities were found. This confirms that the platform does not hold a valid license to operate as a broker in the UAE.
Therefore, we strongly advise you to avoid trading on such unlicensed platforms to prevent severe financial losses.
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