QUOTE(AliG @ Aug 24 2020, 06:49 AM)
anyone who invested with the managed account above is scam, because they use scam broker
Samtrade FX is a scam broker, eventhough they have a fca number but it is not broker, its representative for offshore. from the their website, it says about financial commission haha, it is a fake authority website, refer forexpeacearmy forum, and the rest saying registered at st vincent. canada fintrac money service business license is only for exchange real currency notes, with physical shop. it is not trading spot fx or license to offer financial product
real canadian fx broker need to have license from following, depending on region
https://lautorite.qc.ca/en/general-public/r...ed-to-practise/http://www.osc.gov.on.ca/http://www.bcsc.bc.ca/http://www.albertasecurities.com/but samtrade fx is neither on anyone these, so confirm fake broker.
QUOTE
Samtrade FX is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.
Samtrade FX is incorporated in Saint Vincent and the Grenadines under registered number 25290 IBC 2019 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines to carry on the business of dealing in securities as a Principal.
Samtrade UK International Limited is registered in England and Wales with its registered office at 150 New Street Birmingham West Midlands B2 4PE United Kingdom. Samtrade FX is an authorised appointed representative registered with the Financial Conduct Authority, with FSR Number 929921.
Samtrade FX is registered and regulated by FINTRAC (Financial Transactions and Reports Analysis Center of Canada) under Money Services Business (MSB) with registration number: M19977589.
type : appointed reprensentative, they also use serviced apartment address when register with fca, red flag
https://register.fca.org.uk/s/firm?id=0014G00002WwlEfQAJcompare with real oanda, you can see the difference
type : regulated
https://register.fca.org.uk/s/firm?id=001b000000NMcEsAALThis post has been edited by kuladruw: Aug 26 2020, 08:38 AM