Spain’s CNMV warns of Your Trade Choice forex broker

Spain’s CNMV warns of Your Trade Choice forex broker

Do not invest more money than you can afford to lose.


Spain’s financial regulator, the CNMV, has published a warning against the Your Trade Choice forex broker.

According to the announcement on the organization’s website, the company, operating two websites: and is not licensed to provide financial services in Spain.

The broker is owned by Trade Choice FX Limited, which has a registration in the Caribbean offshore zone St. Vincent and the Grenadines. It offers trading in forex, spot metals, futures and shares. It offers a welcome bonus of 10% on the new client deposit, but no more than $2000. The leverage is up to 1:300 and the minimum deposit is $1000.

Your Trade Choice has appeared on regulators’ warning lists before. Earlier this year it was blacklisted by Russia’s self-regulatory organization – KROUFR. The reason was a complaint from a Russian client of the broker who had lost a significant sum from “local deals” carried out by his “trading consultant” in Your Trade Choice. The client had $15 000 left in his account, but he cannot withdraw it, because the “local deals” made by his “trading consultant” were “scalping deals” and this was against the company rules.

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