The Official Website Of Place A Trade Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-05-17 Spain CNMV Adds Place A Trade To The Warning List
On May 17, 2022, CNMV Issued A Warning That Place A Trade Provides Investment Services Without Authorization. You Can Visit The Following Website For Details: Https://www.cnmv.es/Portal/ResultadoBusqueda.aspx? Tipo = 1. Nombre=FOCUS%20MARKETS%20LLC
2022-06-28 We Have Reviewed And Confirmed That Place A Trade Is An Unregulated FX Broker
Place A Trade Is Not A Reliable Broker For Traders, Although The Quotes It Claims To Offer To Its Clients Look Good. Place A Trade Claims To Be The Business Name Of Focus Markets LLC, A Company Registered With The Financial Services Authority Of St. Vincent And The Grenadines Under Registration Number: 356 LLC 2020.
We Did Find Results In The SVG FSA That Matched Focus Markets LLC. But Please Note That The SVG FSA Neither Issues A License To Operate Forex Trading Nor Regulates Entities That Offer Forex Activities. The Fact That A Trader Has A Registration Does Not Mean That There Is Any Effective Regulation.
More Importantly, The Spanish Regulator, The National Securities Market Commission (CNMV), Has Issued A Warning That The Company Is Not Authorized To Provide Forex Investments And Services. So Place A Trade Is Not Regulated By Any Regulatory Body. This Means That Investors' Funds Invested In This Trader Are Not Safe And Cannot Be Protected By Any Law. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Place A Trade Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Place A Trade As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
