My Trademate

WikiFX | 2024-08-07 11:06

Abstract：Founded in 2023, My Trademate is a brokerage firm registerd in Switzerland. Currently, it is not legit. This firm boasts of its diversified investment options. However, the downsides are the regulatory status and lack of transparency of trading fees and account types. When comparing brokerages, keep the potential risks firmly in mind.

Note: My Trademate's official website: https://mytrademate.com/is currently inaccessible.

My Trademate Information

Founded in 2023, My Trademate is a brokerage firm registerd in Switzerland. Currently, it is not legit. This firm boasts of its diversified investment options. However, the downsides are the regulatory status and lack of transparency of trading fees and account types. When comparing brokerages, keep the potential risks firmly in mind.

Is My Trademate Legit？

My Trademate currently does not hold any valid regulatory certificates. Although it is incorporated in Switzerland, it lacks regulation from any recognized financial authority. Some risks can be avoided if you stay away from unauthorized brokerage.

Downsides of My Trademate

Unavailable Website

My Trademate's official website is currently inaccessible. Whether this firm is still up and running is a mystery.

Lack of Transparency

You can find little information about this firm online. The lack of transparency can really dampen investors' enthusiasm.

Regulatory Concerns

The regulatory hurdle is one of the biggest drawbacks of some online brokerage. My Trademate is one of them.

Market Instruments

My Trademate provides 300+ tradable instruments. Depending on your goals and risk tolerances, you can invest in:

Forex
Stocks
Precious metals
Energies
Shares
Indices
Commodities
Bonds

Variety is a good thing for building a diversified portfolio. That makes it easier to shape your portfolio to fit your tolerance, needs and goals.

Conclusion

My Trademate is a Switzerland firm operated without any regulatory certificates. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

Broker Dealer Forex trading Forex Broker

Related broker

No Regulation

My Trademate

Company name：My Trademate

Score

1.31

Website：https://mytrademate.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.31

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