The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named “TRADE7fx” which, on the website www.trade7fx.com, offers investment services and pretends to be established at 51 Boulevard Grande-Duchesse Charlotte, 1330 Luxembourg and to be authorised by the Commission de Surveillance du Secteur Financier.
The CSSF informs the public that the entity “TRADE7fx” is unknown to it, that it is not regulated by the CSSF and that it has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg.
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.