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This is a scam?
paolo skopulus
Ecuador
2023-06-08
ANSWER SRFx Trades is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.SRFx Trades claims to be operated by SRFx Trades Limited, a company purportedly incorporated in Saint Vincent and The Grenadines. However, our search for this company in the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) didn't yield any results. This means that any financial services or products offered by SRFx Trades are outside the regulatory framework. Furthermore, the SVG FSA has explicitly stated that it doesn't issue forex licenses nor does it regulate entities involved in such activities.Regarding your question, SRFx Trades is a scam. It is a trading platform coming with huge risks, including financial losses and identity theft, which could be financially and personally devastating. Once your money and personal information are held by this broker, there are no rules to safeguard them. Therefore, to avoid such risks, investors are strongly suggested to stay away from unlicensed brokers like SRFx Trades and opt for fully regulated ones.
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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.

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