Warnings against PayTrade, LM Swiss Direct and other services

British and Canadian financial regulators have updated their black lists with new unauthorized entities.

The Financial Conduct Authority from the UK and the British Columbia Securities Commission alerted the public about brokers and other investment services that are not regulated, they have no authorization:

  • PayTrade
  • LM Swiss Direct
  • AGM Group
  • HG Financial Management
  • Collier Consulting Group
  • Daxhelet Capital

With unregulated services money is not protected in any way and it is nearly impossible to resolve any problems.

For trading use regulated brokers.


BrokerRegulatedFree demoLink

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 76-81% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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