ANSWER We strongly advise against engaging with Asset Coin Trades, an unlicensed online broker.This broker purports to be based in the US, and as such, is required to register as a member of the National Futures Association (NFA). However, our search for this company in the NFA's register yielded no matching records. This makes its financial service offerings in this country illegal, and its claims of being licensed by the California Financial Services Authority cannot validate its legitimacy.Given these circumstances, investors dealing with Asset Coin Trades are at risk of fraud and identity theft. We highly recommend avoiding unlicensed brokers like Asset Coin Trades. Choosing fully regulated brokers can help reduce such risks and ensure a more secure and transparent trading environment.
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