Reported Website: https://www.lidyatrade.com/
Lidya Trade is not a reliable broker for traders even though it states offers that look good to be true. Lidya Trade claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number 85482 BC 2021. However, we did not find any match results to the company name or the registration number in SVG FSA. Besides, SVG FSA is not a regulatory body that regulates entities engaging in forex services. Besides, Lidya Trade claims it has made an application to the UK Financial Conduct Authority (FCA) and awaits further instruction from FCA. But we did not find any results matching Lidya Trade in FCA’s registry. That means Lidya Trade still not get authorization from FCA. The truth is that Lidya Trade is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
