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Suspicious Clone
Score
1.58 /10
Danger
Speed Trad
5-10 yearsSuspicious Regulatory License
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index7.51
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
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Warning: Low score, please stay away!
4
Previous Detection :
2024-11-10
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
WikiFX Verification
Note:Speed Trad's official website:http://www.scb-cn.com is currently inaccessible normally.
| Aspect | Information |
| Company Name | Speed Trad |
| Registered Country/Area | United Kingdom |
| Founded Year | 2012 |
| Regulation | FCA(Suspicious Clone) |
| Trading Platform | MT4 |
| Customer Support | Email:infoser@erfx88.com,service@erfx88.com |
Speed Trad Information
Founded in 2012 and registered under the United Kingdom, Speed Trad runs with a dubious clone of an FCA control. The broker deals on the MT4 platform. Their email addresses for customer support are infoser@erfx88.com or service@erfx88.com.
Is Speed Trad Legit or a Scam？
 | Financial Conduct Authority(FCA) |
| Current Status | Suspicious Clone |
| Regulated by | FCA |
| License Type | Institution Forex License |
| License No. | 497263 |
| Licensed Institution | Velocity Trade International Limited |
Downsides of Speed Trad
1.Suspicious Regulation: Speed Trad is written to be regulated by FCA. But this control is believed to be a clone.
2.Withdrawal Problems: Customer complaints about not being able to get their money back.It can be a fraud platform.
3.No Physical Office: When investigators visited Speed Trad's purported UK office, they discovered that it was empty with no one there.
Conclusion
Speed Trad was founded in 2012 and is registered in the UK. It is run by FCA clone control, which raises serious concerns about its legitimacy. Customers who can't get their money out and the lack of a real office make the risks higher. This company is not a good one to trade with. Users are told to use well-regulated, open brokers with clear information records to make sure their trades are safe and legal.
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