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GULFSHORE TRADING's regulation?
Akbar Hayat
Samoa
2023-07-03
ANSWER GULFSHORE TRADING is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.GULFSHORE TRADING's failure to disclose its regulatory information can be interpreted as a clear scam indicator. To instill trust and transparency, legitimate brokers always prominently display their accreditation for investors to verify, whereas the lack of information thereof may suggest the status as an unlicensed broker.In an attempt to appear real, it displays an address in the UK, where GULFSHORE TRADING is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has added the broker to its warning list for illegally offering financial products or services without their authorization. You can access the full warning here.Regarding your question, GULFSHORE TRADING isn't subject to any regulation. It is an unlicensed broker with significant risks, including financial losses and identity theft. Once your information and money are held by the platform, there are no rules in place to safeguard them. Therefore, we strongly suggest investors stay away from unlicensed brokers like GULFSHORE TRADING and instead choose a fully regulated one to mitigate such risks.
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