Affinity Trades is a forex broker registered in Saint Lucia on December 20, 2023, primarily providing investors with financial derivative trading services in forex, stocks, commodities, cryptocurrencies, indices, and more, with its headquarters located in Dubai. This broker does not provide services to jurisdictions where it might violate local laws or regulations, including but not limited to the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, and others.

Registration Information and Regulatory Status:

Public information on the Affinity Trades official website indicates that its business entity registered in Saint Lucia is Affinity Trades Ltd, with the specific registration address at Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia PO Box 838, Castries, Saint Lucia. The company registration number is 2023-00669, and its actual operating address is Office No-2006-15, The Exchange Tower, Business Bay, Dubai, UAE.

Upon verification, a business entity named Affinity Trades Ltd, with registration number 2023-00669, can be found in the International Business Company and International Trust Registry (IFC) of Saint Lucia. However, this entity was not found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor in official financial regulatory bodies of other jurisdictions.

As of February 19, 2024, this broker has been registered for less than a year. Moreover, information from a Whois search reveals that the broker's official website domain was registered on December 18, 2023.

Account Opening:

Affinity Trades does not provide an account opening option on its website; opening an account requires communication with customer service via email.

Account Types:

The Affinity Trades website indicates it offers trading accounts with a minimum deposit of 20 USD, spreads less than 0.6, and no trading commissions. However, information regarding account types, account currencies, trading leverage, minimum/maximum trade volumes, maximum open orders, minimum price accuracy, and order execution types are not disclosed on its website.

Trading Platform:

Affinity Trades has not disclosed the trading platforms it offers to users on its website.

Deposits and Withdrawals:

Affinity Trades has not explicitly stated the supported methods, fees, and minimum amounts for deposits and withdrawals on its website.

Conclusion:

Traderknows reminds investors that Affinity Trades is an unregulated forex broker. Traderknows advises investors to choose brokers with strong regulation and good reputation for investment activities to avoid unnecessary financial losses.

Currently, this broker is marked as "suspected of fraud" on Traderknows.