AVERAGE TRADING is not a licensed or regulated broker even though it states offers that look good to be true. AVERAGE TRADING claims to be a subsidiary of AVERAGE TRADING, which is licensed and regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). However, we did not find any match results for this broker in the above two watchdogs' registries.
Besides, AVERAGE TRADING also claims to be registered in the Cayman Islands. As per relevant law, the Cayman Islands Monetary Authority (CIMA) is the primary financial services regulator of the Cayman Islands, which is responsible for managing the Cayman Islands currency, regulating and supervising financial services, and providing assistance to overseas regulatory authorities. However, no results are matching this broker in CIMA.
The truth is, AVERAGE TRADING 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 AVERAGE TRADING and trade with licensed brokers.
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