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Shaw Global Trade

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Operating status: SCAM

Website: https://shawglobaltrade.com/

Broker violations and abnormal records
  • 2023-06-28 The UK FCA issued a warning against Shaw Global Trade

    On June 29, 2023, the Financial Conduct Authority (FCA) issued a warning against Shaw Global Trade, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/shaw-global-trade

    On June 29, 2023, the Financial Conduct Authority (FCA) issued a warning against Shaw Global Trade, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/shaw-global-trade
  • 2023-06-29 BrokersView has reviewed that Shaw Global Trade is an unregulated broker

    Shaw Global Trade fails to disclose its regulatory information and licensing data, which can be seen as a scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereofe may suggest the status as an unlicensed broker. This is a red flag.

    In an attempt to appear real, Shaw Global Trade provides an address in the UK, where almost all firms and individuals must be authorized by the Financial Conduct Authority (FCA) if they offer, promote or sell financial products or services. However, the FCA has placed Shaw Global Trade on its warning list as an unauthorized entity.

    In essence, Shaw Global Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Shaw Global Trade fails to disclose its regulatory information and licensing data, which can be seen as a scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereofe may suggest the status as an unlicensed broker. This is a red flag.In an attempt to appear real, Shaw Global Trade provides an address in the UK, where almost all firms and individuals must be authorized by the Financial Conduct Authority (FCA) if they offer, promote or sell financial products or services. However, the FCA has placed Shaw Global Trade on its warning list as an unauthorized entity.In essence, Shaw Global Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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