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No Regulation
Score
1.49 /10
Danger
SK-Trade
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index6.81
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-21
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Note: You can't access SK-Trade's official website: https://sk-trade8.com/ right now.
SK-Trade Information
SK-Trade started in 2021 as an unregulated broker company with registration in China.
Is SK-Trade Legit？
SK-Trade is seen to operate without regulatory control. Lack of regulation might increase risks among investors as no established framework for monitoring and ensuring fair practices exist.
Downsides of SK-Trade
- Unavailable Website
Investors can't reach SK-Trade's main website now, which makes them wonder if it's reliable or easy to use.
- Lack of Transparency
Investor understanding regarding what SK-Trade remains limited due to insufficient information concerning this platforms operations and dependability.
- Regulatory Concerns
Investors are unsure if SK-Trade follows any rules, which makes them think twice about how safe the money is and if they can trust the company.
Conclusion
Using a non-regulated platform like SK-Trade can lead to security issues. For that reason, investors are advised to select regulated brokers that ensure transparency in their operations as well as legal compliance with the law when it comes to investments. Look out for platforms monitored by recognized regulatory bodies because they are much safer trading bases.
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