The Official Website Of Soyam Trade Limited Cannot Be Accessed Normally At The Moment. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-04-25 We Have Confirmed After Review That Soyam Trade Limited Is An Unregulated Forex Dealer
Soyam Trade Limited Is A Fake Trader For The Following Reasons. First, Soyam Trade Limited Shows The Awards That Its Company Won From 2017 To 2019. However, When We Checked Its Domain Name, We Found That The Website Was Actually Created In 2021. So How Is It Possible That It Won Those Awards In 2017 To 2019? This Is A Red Flag.
Furthermore, The Trader Claims To Be A Regulated Company, But Neither Provides Details About Its Company Information (office Address) And Regulation, Nor Does It Provide The Necessary Legal Documents (terms And Conditions, Risk Disclosure And Privacy Policy, Etc.). Lack Of The Above Information Can Be A Distinct Feature Of An Unlicensed Trader, As Compliance Traders Always Display Their Certifications And Operating Licenses In A Prominent Position.
Due To The Above Reasons, We Do Not Believe That Soyam Trade Limited Is Regulated By Any Regulatory Authority. This Means That Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website Now, 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 Soyam Trade Limited 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: Soyam Trade Limited As An, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company 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 As Much As Possible When Choosing A Broker.
