ANSWER DK Trade is an offshore broker who claims to be a boutique brokerage company licensed and regulated by Financial Services Authority of the St. Vincent and the Grenadines (SVG FSA). However, this broker is merely a registered firm rather than a licensed one, since the SVG FSA has announced that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. For more details about this broker, you can check our full DK Trade review.We keep on remind the trader to be wary of offshore brokers as they don't provide any funds protection as well as withdrawals guarantee. If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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