Reported as a scam / unregulated
Why TradeState is on the register
TradeState does not display any regulatory information and merely claims to be registered in Saint Vincent. Upon checking the Financial Services Authority (FSA) of Saint Vincent and the Grenadines registry, we found a company named “TRADE STATE GROUP LLC” registered. However, this registration only grants it International Business Company (IBC) status, which does not constitute a valid financial license for trading activities. The SVG FSA has publicly stated that it neither regulates nor licenses foreign exchange trading operations. Besides, TradeState was added to the warning list by Spain’s Comisión Nacional del Mercado de Valores (CNMV) for providing investment services without proper authorization. Given these facts, TradeState exhibits highly suspicious behavior and appears to be an unlicensed and potentially fraudulent broker.
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.