Cudrania Capital is not a licensed or regulated broker even though it states offers that look good to be true.
Cudrania Capital claims to be an international pre-eminent online broker under Cudrania Group, which has operations centers in Dallas, Sydney, Singapore, Hong Kong, Dubai, and Kuala Lumpur. As per this information, we searched some regulatory bodies in the above countries or regions, including:
1) The Labuan Financial Services Authority (LFSA);
2) The Dubai Financial Services Authority (DFSA);
3) The US National Futures Association (NFA);
4) The Australian Securities & Investments Commission (ASIC);
5) The Hong Kong Securities And Futures Commission (HK SFC);
6) The Monetary Authority of Singapore (MAS).
However, we did not find any match results to Cudrania Capital in LFSA, DFSA, ASIC, HK SFC, and MAS.
Even though we did find a match result to Cudrania Capital in NFA, Cudrania Capital is still not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Cudrania Capital doesn't satisfy these conditions.
The truth is, Cudrania Capital 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 Cudrania Capital and trade with licensed brokers.
评论