2016 TradingBanks FSB Warning was issued in May 2016, after which the broker ended in FSB exhaustive Investment Caution list. is TradinBanks reliable?
2016 TradingBanks FSB Warning was issued in May 2016, after which the broker ended in FSB exhaustive Investment Caution list. Is TradingBanks reliable?
TradingBanks operates via the website tradingbanks.com. The firm claims on its website that it is owned and operated by ST World Trade Inc.. Also, the financial services company claims to be authorized and regulated to trade on financial markets. Including hedging, markets arbitrage, risk management and speculation.
Moreover, the broker is registered at: Vanterpool Plaza, Wickhams Cay I Road Town, Tortola, British Virgin Islands.
Therefore, we can conclude that TradingBanks is an offshore Forex broker.
TradingBanks received multiple warnings of local regulators
Beware that multiple regulators have issued a warning against TradingBanks. Other regulators such as CONSOB, CySEC, IFSC and more have issued a warning against the Forex broker.
Lastly, to see the full 2016 TradingBanks FSB warning details, see the original warning against TradingBanks.