Trading Road Scam Warning: Saint Lucia Registration, No Licence

Presenting a company registration made in Saint Lucia as a "licence", Trading Road is an intermediary platform that opens forex and CFD accounts at tradingroad.co. When users try to take back the money they deposited, the process may stall.

🔍 Who Trading Road Is, and Who It Is Not

The scheme we examined is a forex site that uses the domain tradingroad.co and is registered in Saint Lucia as Trading Road Ltd. It has no connection with "T. Road Trading Road Co.", a food distributor in Erbil, Iraq, whose name is similar and which uses the address tradingroad.com; that company does not provide investment services.

🚩 What Does the Saint Lucia Registration Mean?

International business company (IBC) status in Saint Lucia is only a company registration; the island grants no licence for forex trading and carries out no supervision. On platforms of this kind, the registration number is highlighted on the site to give investors the impression of a supervised institution.

🔗 Others Using the Same Registration Story

We have also covered other platforms that use a Saint Lucia registration as a trust signal:

🧭 The Legal Process

The validity of the jurisdiction and arbitration clausesTR added to the contracts of foreign platforms is assessed separately where a consumer in Türkiye is concerned. An institution's authorisation can be verified through an SPK licence checkTR; claiming the money sent back under the rules on restitution and unjust enrichmentTR may also come into play. Carrying out this activity without SPK permission falls under Article 109 of Law No. 6362.

For detailed information and legal support, you can contact Savun Law & Consultancy.

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