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From your professional point of view, what kind of trader is TrendinGAP?
Benjamin Pritchard
Vietnam
2023-04-17
ANSWER TrendinGAP is a non-regulated broker that we advise against trading with, despite the seemingly attractive deals it offers.TrendinGAP provides zero details about its regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display their accreditation and licenses. When looking through its website, we noticed that it purports to be located in London. As per UK law, brokers operating in the UK must be authorized by the Financial Conduct Authority (FCA). However, our search for this broker in the registry of the FCA didn't yield any results. In addition, the Ontario Securities Commission (OSC) has issued a warning against TrendinGAP, stating that it is not registered in Ontario to engage in the business of trading in securities. You can check the full warning here.Regarding your question, TrendinGAP is an unlicensed broker. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like TrendinGAP and choose fully regulated ones instead.
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