Score

1.54 /10
Danger

AROTRADE

Suspicious Regulatory License

Suspicious Scope of Business

Belize Retail Forex License Revoked

High potential risk

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index7.26

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2020-01-01

Warning

SG MAS
2018-09-24

Broker Information

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Company Name

SPEED SOLUTIONS Ltd

Company Abbreviation

AROTRADE

Platform registered country and region

Belize

Company website

X

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Linkedin

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2025-01-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • BelizeFSC (license number: IFSC/60/391/TS/19) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

AROTRADE · Company summary

Note: AROTRADE's official website: https://www.arotrade.com/ is normally inaccessible.

AROTRADE Information

AROTRADE is a brokerage company registered in Belize. The broker's official website has been closed, so traders cannot obtain more security information

Is AROTRADE Legit?

AROTRADE is authorized and regulated by the Financial Services Commission(FSC). The current status is Revoked, increasing trading non-compliance and reducing traders investment security. Caution is advised when dealing with the company.

Is AROTRADE Legit?
Is AROTRADE Legit?

Downsides of AROTRADE

  • Unavailable Website

AROTRADE's website is inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since AROTRADE does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

The FSC regulates AROTRADE. However, the Revoked status is less safe than a regulated one.

AROTRADE Reviews on WikiFX

On WikiFX, users can comprehensively understand multiple brokers' information through one platform, quickly search, and accurately filter information. In addition, users can also leave their own experience under the broker to expose fraudulent brokers.

AROTRADE Reviews on WikiFX

Currently, there is only one piece of AROTRADE neutral comment about scams.

Conclusion

AROTRADE Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Revoked status indicates that the broker's trading risks are high. It is advisable to choose regulated brokers with transparent operationsto ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

User Reviews

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User comment

3

Comments

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知足
more than one year
¡Mala mentirosa! Su sitio web está muerto y deben haberse fugado con el dinero. ¡No te acerques a ninguna empresa no regulada!
¡Mala mentirosa! Su sitio web está muerto y deben haberse fugado con el dinero. ¡No te acerques a ninguna empresa no regulada!
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2022-12-06 10:31
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匆匆那年28622
more than one year
Scam company! It has been delaying the processing of my withdrawal application for various reasons. I was still thinking about why it took so long to process the withdrawal application. It turned out that they were deliberately delaying the time. I think they had already planned to close the website and run away.
Scam company! It has been delaying the processing of my withdrawal application for various reasons. I was still thinking about why it took so long to process the withdrawal application. It turned out that they were deliberately delaying the time. I think they had already planned to close the website and run away.
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2022-11-29 18:45
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