TRADE UTOPIA claims to be registered in the UK. However, it is an unregulated broker and we strongly advise you to stay away from it.
TRADE UTOPIA claims ownership by Utopia Financial Services Ltd, allegedly registered in the UK under number 09983576 and established in 2019.
While a company with this name and registration number is listed in the Companies House register, a search of the Financial Conduct Authority (FCA) register reveals that Utopia Financial Services Ltd is only an Appointed Representative (AR). The relevant details provided by the FCA do not match those claimed by TRADE UTOPIA, suggesting potential unauthorized use of the company's name for perceived legitimacy.
Moreover, TRADE UTOPIA's claim of establishment in 2019 is contradicted by the late 2022 registration date of its domain name. This inconsistency is concerning.
Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has included TRADE UTOPIA on its warning list for offering investment services without authorization, indicating regulatory non-compliance.
It seems that TRADE UTOPIA is likely a fraudulent entity. For a safer trading environment and a peaceful mind, investors are recommended to choose fully regulated brokers over unregulated ones like TRADE UTOPIA.
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