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Supreme FX Trades is a forex brokerage firm that has been operational for approximately 2 to 5 years. Established with the intent to provide a range of trading services, it positions itself as a platform for both new and experienced traders. The company has garnered attention for its offerings, although it has faced scrutiny regarding its regulatory status.
The ownership structure of Supreme FX Trades is not explicitly detailed in the available information. It operates under the name Supreme FX Trades and appears to be a standalone entity without a clearly defined parent company.
Supreme FX Trades is registered in the United Kingdom, with its headquarters located at 20-22 Wenlock Road, London, England, N1 7GU. This location is indicative of its intent to cater to a global audience while being based in a prominent financial hub.
The company claims to offer trading services globally, providing access to various financial instruments. However, the lack of regulatory oversight raises questions about the extent of its operations and the regions it can legitimately serve.
Supreme FX Trades currently lacks valid regulatory licenses from recognized financial authorities. This absence of regulation is a significant concern for potential clients, as it raises questions about the safety and security of their investments.
While specific details on business expansion are limited, the firm has aimed to grow its client base by promoting its trading services and features. However, the lack of a robust regulatory framework may hinder its growth potential.
The company has reported a growing number of registered users, with claims of over 160,000 total registered accounts. However, the credibility of these figures is difficult to ascertain due to the lack of transparency in its operations.
Details regarding the development of its trading platform are sparse. Supreme FX Trades does not specify the trading platforms it offers, which raises concerns among potential users regarding the technological capabilities available to them.
There is no publicly available information indicating that Supreme FX Trades has received any significant awards or recognitions within the financial services industry.
Supreme FX Trades offers a selection of forex trading options, including access to various currency pairs. However, specific information about the number of currency pairs available is not disclosed.
The company's offerings include stock trading, but the details regarding specific stocks or indices available for trading are not clearly outlined.
Supreme FX Trades provides access to Contract for Difference (CFD) trading, allowing clients to speculate on price movements without owning the underlying assets. However, comprehensive details on available CFDs are lacking.
In addition to forex and CFDs, Supreme FX Trades claims to offer trading in cryptocurrencies and commodities. This diversification could appeal to traders looking for a broader investment portfolio.
The company promotes features such as zero-commission trading and a halal account option, which is tailored to comply with Islamic finance principles. However, the effectiveness of these services is questionable given the regulatory concerns surrounding the firm.
Supreme FX Trades operates without valid regulatory oversight from recognized financial authorities. This absence of regulation poses significant risks to clients, as there are no guarantees regarding the safety of their funds.
The company is registered in the United Kingdom, but it lacks the necessary licenses to operate legally within the financial sector. This raises concerns about its legitimacy and operational practices.
Due to the lack of regulation, there are no clear client fund protection measures in place. This absence of safeguards can expose traders to potential financial risks.
While Supreme FX Trades claims to operate globally, the lack of regulatory backing may restrict its ability to serve clients in certain jurisdictions. The specific countries served are not disclosed.
The compliance history of Supreme FX Trades is not well-documented, but the absence of valid regulatory licenses suggests potential compliance issues. This lack of oversight can lead to increased risks for clients.
Supreme FX Trades faces competition from several established forex brokers, including:
Supreme FX Trades positions itself as a low-cost trading option with unique services like halal accounts. However, its lack of regulation and transparency may hinder its ability to compete effectively in the industry.
The primary differentiating factors for Supreme FX Trades include its zero-commission trading and the availability of halal accounts. However, these advantages may not outweigh the risks associated with its unregulated status.
In summary, Supreme FX Trades Company presents itself as a forex brokerage with a range of trading services. However, significant concerns regarding its regulatory status, transparency, and operational practices raise red flags for potential clients. Traders considering Supreme FX Trades should conduct thorough research and exercise caution before engaging with the platform.
For those interested in exploring further, you can learn more about the trading services and features offered by Supreme FX Trades.
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