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Safetrade is legit or not?
Fernando Chandler
Monaco
2023-06-05
ANSWER Safetrade is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Safetrade fails to disclose its regulatory information and licensing data, a clear indicator of a scam. Investors must bear in mind that legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency. Therefore, the lack of information thereof may suggest that this is an unlicensed broker.Regarding your question, Safetrade is a fake trading platform illegally offering investment services. It carries significant risks including financial losses and identity theft as there are no safeguards in place to protect investors from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Safetrade and choose fully regulated ones instead.
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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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