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Celestial Trader

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Operating status: SCAM

Website: https://www.celestialtrader.com/

Broker violations and abnormal records
  • 2024-02-03 BrokersView has Reviewed that Celestial Trader is an Unregulated Broker

    Celestial Trader claims to be registered in Saint Lucia, we searched the Financial Services Regulatory Authority of Saint Lucia (FSRA) but found no matching results.

    The truth is that Celestial Trader is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.

    Celestial Trader is a scam.

    Celestial Trader claims to be registered in Saint Lucia, we searched the Financial Services Regulatory Authority of Saint Lucia (FSRA) but found no matching results.The truth is that Celestial Trader is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.Celestial Trader is a scam.

Related Complaints

Q&A

How frequent is slippage in Celestial Trader?

meir Zaitsev
Bulgaria
2024-02-20
ANSWER Before considering the trading conditions, it is of utmost importance to perform thorough due diligence. Celestial Trader is not a licensed broker, and therefore poses significant risks. Investors should stay away from it.Despite its claims of being registered in St. Lucia, it fails to provide any details about its financial licenses. St. Lucia, renowned as one of the offshore financial service and company formation hubs globally, has its financial regulator, the Financial Services Regulatory Authority (FSRA), explicitly declare that forex trading activities are not licensed within its jurisdiction. This implies that forex brokers such as Celestial Trader lack legitimacy.As such, Celestial Trader exposes its investors to potential fraud and identity theft. In the absence of regulatory oversight, there are no protective measures to secure traders' interests. It is strongly advised to avoid unlicensed brokers like Celestial Trader and opt for those under stringent supervision.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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