Softech Trades claims to be operated by EUROPEAN MARKETS LTD, a company supposedly regulated by FINMSA with Reference Number 06609370. However, there is no such recognized authority called FINMSA, raising significant concerns about this broker's authenticity and legitimacy. This broker displays its UK address, where almost all market participants are required to be authorized and regulated by the Financial Conduct Authority (FCA). We have conducted a search on the FCA register and found a company named "European Markets Limited" which has no association with Softech Trades. As such, Softech Trades is not supervised by any relevant regulatory body.
Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered Softech Trades' website to be blacked out since it offers financial services illegally.
In essence, Softech Trades 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.
Softech Trades claims to be operated by EUROPEAN MARKETS LTD, a company supposedly regulated by FINMSA with Reference Number 06609370. However, there is no such recognized authority called FINMSA, raising significant concerns about this broker's authenticity and legitimacy. This broker displays its UK address, where almost all market participants are required to be authorized and regulated by the Financial Conduct Authority (FCA). We have conducted a search on the FCA register and found a company named "European Markets Limited" which has no association with Softech Trades. As such, Softech Trades is not supervised by any relevant regulatory body.Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered Softech Trades' website to be blacked out since it offers financial services illegally.In essence, Softech Trades 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.