Verified: Procopy Trade Ltd Is Operating Through The Website Https://pro-copytrade.com/#.
On 4 November 2024, The Seychelles Financial Services Authority (Seychelles FSA) Issued A Warning To Procopy Trade Ltd That It Is Not Associated With Any Entity Licensed Or Regulated By The FSA In Any Capacity.
Reviewed Procopy Trade Ltd Is An Unregulated Broker
According To Its Website, The Domain Name Was Registered In 2024, So It Is A New Domain Name. It Lists A Lot Of Regulatory Information On Its Website, But Does Not Provide Specific Details For Investors To Inquire About, Which Is Highly Suspicious.
Furthermore, It Claims To Be Regulated By The Seychelles Financial Services Authority (FSA Seychelles).
Nonetheless, We Find That The Seychelles Financial Services Authority (Seychelles FSA) Has Issued A Warning To Procopy Trade Ltd, Stating That It Is Not Affiliated With Any Entity Licensed Or Regulated By The FSA In Any Capacity.
By Its Very Nature, Procopy Trade Ltd Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To The Company Is Extremely Risky, As There Are No Legal Safeguards To Safeguard The Safety Of Such Funds.
Procopy Trade Ltd Appears To Be A Scam.
And Most Non-compliant Brokers Will Not Disclose Providing Their Direct Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Procopy Trade Ltd As An Unregulated Broker 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 When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
