ASIC warns against Brighter Trade, uTrader and IDX Trading

The Australian financial regulator ASIC has published warnings about three unregulated brokers and three other unregulated investment services.

The first three companies from the ASIC’s list below are brokers, meanwhile the three others offer different investment services.

All these companies are soliciting residents of Australia but are not authorized to provide investments services. They are not regulated at all, they cannot legally operate in any country with financial regulation.

  • Brighter Trade
  • uTrader
  • IDX Trading
  • Kingsman Investments Limited
  • KML Investments Limited
  • Financial Capital Alliance Asia (FCAA)

For trading use regulated brokers only.

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