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sotrade fx

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ANSWER Sotrade FX is not a licensed or regulated broker even though it states offers that look good to be true.Sotrade FX claims to be owned and operated by So Trade FX LLC, a company registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). However, we did not find any match results for this broker in SVG FSA. Besides, SVG FSA is not a regulatory body that issue license for forex trading or regulate entities engaging in forex services. The truth is, Sotrade FX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Sotrade FX and trade with licensed brokers.

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Risk Warning:

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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.