Licittrades

WikiFX assessment indicates significant safety concerns regarding Licittrades. The broker holds an overall score of 1.38, which is extremely low. The primary issue is a lack of credible regulatory oversight. Its only claimed license from the Vanuatu Financial Services Commission is officially marked as 'Unverified' by regulatory authorities. This profile does not suggest a safe or reliable trading environment for most investors.

Licittrades does not hold any verified, credible regulatory licenses from major global authorities. It operates under the entity AN ALL NEW INVESTMENTS (VA) LIMITED, registered in Vanuatu. While it claims a license with the Vanuatu Financial Services Commission (VFSC) under number 14579, this license status is listed as 'Unverified' on official records. Therefore, the firm lacks formal oversight from a recognized regulatory body.

Licittrades offers a tiered account structure with varying minimum deposits. According to WikiFX data, the Basic account requires a minimum deposit of $500, the Standard account requires $2,500, the Premium account requires $5,000, and the Ultimate account requires $10,000. These entry points are significantly higher than many brokers in the market.

This information is not explicitly available in the broker's disclosed data. The provided account information confirms support for Expert Advisors (EAs) and scalping, which are features commonly associated with the MetaTrader platforms. To confirm the specific trading platform, a direct inquiry to the broker is recommended.