Reported Website: https://vestradefx.com/#/
Vestrade claims it is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 2708/07. However, we did not find any match results to the company name or the license number in CySEC. Besides, Vestrade shows its company address is in New York, the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to Vestrade in the above two regulatory bodies. The truth is, Vestrade is not under valid regulation by any regulators to provide investment services. Investors’ funds in this company are unsafe and cannot be protected by any law. It is a scam.
