The Official Website Of SagaTrade Cannot Be Accessed Normally At Present. It Seems That The Company Has Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
022-04-15 The Austrian FMA Has Placed SagaTrade On The Warning List
On April 15, 2022, The Austrian Financial Marekt Authority (FMA) Issued A Warning That SagaTrade Is Not Authorized To Carry Out Bank Transactions In Austria That Require A Business License. Therefore, The Dealer Is Not Allowed To Carry Out Commercial Transactions With His Own Account Or On Behalf Of Others. You Can Visit The Following Website For Details: Https://www.fma.gv.at/en/fd-trade-llc/
2022-06-08 Belgium FSMA Adds Europa Trade Capital To Warning List
On June 8, 2022, The Belgian Financial Services And Markets Authority (FSMA) Defined Europa Trade Capital As A Fraudulent Online Trading Platform. You Can Visit The Following Website For Details: Https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms-1
2022-07-21 UK FCA Adds Europa Trade Capital To Warning List
On July 21, 2022, The UK Financial Conduct Authority (FCA) Said The Dealer Was Not Authorized To Provide Financial Services Or Products In The UK. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/europa-trade-capital
2022-07-21 We Have Reviewed And Confirmed That Europa Trade Capital Is An Unregulated Foreign Exchange Dealer
Europa Trade Capital Acknowledges That Its Company, Although Not Regulated By A Primary Regulator, Is Registered With The Saint Vincent And The Grenadines Financial Services Authority (SVG FSA) Under Registration Number 329 LLC 2020. We Did Find A Match For This Broker In The SVG FSA. Please Note, However, That The SVG FSA Does Not Regulate Foreign Exchange Activities And Does Not Issue Foreign Exchange Operating Licenses.
Furthermore, The Belgian Financial Services And Markets Authority (FSMA) Has Defined Europa Trade Capital As A Fraudulent Online Trading Platform. The Financial Marekt Conduct Authority (FCA) In The UK Has Also Pointed Out That The Trader Is Not Authorized To Provide Financial Services Or Products In The UK.
More Importantly, The Austrian Financial Marekt Authority (FMA) Has Also Issued A Warning Against The Trader, Saying That SagaTrade Is Not Authorized To Conduct Banking Transactions In Austria That Require A License To Operate. Therefore, The Trader Is Not Allowed To Conduct Commercial Transactions On His Own Account Or On Behalf Of Others.
In Fact, Europa Trade Capital Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Broker Hold Or Control Investors' Money, Which Is Not Protected By Any Law. This Is A Fake Trader.
Since It Is Not Possible 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 SagaTrade Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: SagaTrade As A, 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.
