Reported as a scam / unregulated
Why Soyam Trade Limited is on the register
Soyam Trade Limited is a fraud for the following reasons. First, Soyam Trade Limited presents its award records earned from 2017 to 2019. However, when we checked its domain, we found it was created in 2021. So how could it earn those awards from 2017 to 2019? It is a red flag here. Besides, this broker claims to be a regulated firm while presenting neither details about its company information (office address) and regulation, nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinctive characteristic of unlicensed brokers, as legit brokers always display their accreditation and licenses in a prominent position. For the above reasons, Soyam Trade Limited is not regulated by any regulators. That means investors’ money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.