In this review, we will describe why Sigma4Trade is a scam that you should avoid at all cost !
Is Sigma4Trade Legit?
Looking at Sigma4Trade website, it shows that they are owned by Sigma4Trade Ltd. Sigma4Trade Ltd. is located on the Marshall Islalnds, a well-known offshore zone and a preferred location for shady brokerage. Sigma4Trade is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why Sigma4Trade is a dangerous broker to deal with.
Are Funds Safe with Sigma4Trade ?
With such lack of information and Sigma4Trade being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is Sigma4Trade is withholding vital information to users.
Sigma4Trade could go bankrupt from one day to another since there are no banking information about this broker.