2016 SLS Trade FCA warning

2016 SLS Trade FCA warning was issued in October 2016, after which the broker ended in FCA's exhaustive Investment Caution list. Is SLS Trade a reliable Forex broker?

DESCRIPTION

2016 SLS Trade FCA warning was issued in October 2016, after which the broker ended in FCA’s exhaustive Investment Caution list. Is SLS Trade a reliable Forex broker?

SLS Trade claims through its website slstrade.com that it is the Leader in Online Trading. The broker stated to offer over 200 tradable instruments, including Forex, spot metals, futures and shares. SLS Trade also commented that they serves retail and institutional customers over 180 counties worldwide.

SLS Trade claims to be UK based

According to the UK watchdog, the Forex broker SLS Trade is not authorized by the FCA. Although it is UK based, as the website is claiming, the Forex broker is not allowed to target UK investors. SLS Trade came under the regulator’s spotlight after claiming to be registered on this address: Shelton Street, 71-75 Covent Garden, London, WC2H 9JQ.

Lastly, to attain more details about the 2016 SLS Trade FCA warning, read the original warning against SLS Trade.

Broker

SLS Trade

Regulator

FCA UK - Financial Conduct Authority
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