Almitty Trading is not a regulated or licensed broker for traders even though it states offers that look good to be true.
Almitty Trading claims to be a reliable broker without presenting any information about its regulation. Lacking regulatory information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, the broker is located in the United Kingdom. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, we did not find any matching results in FCA.
Moreover, the Ontario Securities Commission (OSC) issued a warning that Almitty Trading was not registered in Ontario to engage in the business of trading in securities. You can check the full warning from here.
The truth is, Almitty Trading is no longer under valid regulation 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 Almitty Trading and trade with licensed brokers.
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