Rona Trade is another Turkish broker scheme uncovered. The entity Rona Trading LLC was registered in St. Vincent & The Grenadines on 27 Jan 2022. The domain www.ronafx.com was only registered in Dec 2021 through GoDaddy. Neither the links to the social media platforms work nor the registration. From some text elements on the website, we conclude that the broker sam is preparing to launch soon. You should stay far away from unregulated offshore brokers like Rona Trade to protect your money and data!
|Trading name||Rona Trade|
|Legal entity||Rona Trading LLC|
|Corporate agents||Euro-Caribbean Trustees Ltd|
|Jurisdiction||St. Vincent & The Grenadines|
Rona Trade has no authorization in UK or Europe to offer its regulated financial services. Neither are they authorized in Turkey. The SVG Financial Services Authority (FSA) explicitly stated that it did not issue broker licenses only a few weeks ago. Moreover, offshore broker licenses are not valid in most other regulatory regimes.
We always point out that offshore brokers pose a high risk to traders. They are not supervised, and no one knows if the operators adhere to regulatory requirements such as segregated customer funds. Therefore, we also issue a warning against Rona Trade.
If you have any information about Rona Trade, its operators, and facilitators, please let us know through our whistleblower system, Whistle42.