LatitudeFX is a non regulated offshore broker just like UAGTrade. One of the characteristics of offshore brokers is that they are anonymous and can disappear at any time without any notice whatsoever. Offshore brokers more often than not abuse regulations and they are not reliable at all.
It is prudent to look out for key details of a brokerage firm. This confirms its legitimacy and compliance with regulations.The CEO of the firm’s information should be readily available, the person responsible for day to day running of the brokerage firm, detailed information on their physical contacts among others.For LatitudeFX, these details are not available.
When the above information is lacking, it raises questions and as an investor you do not have even the slightest idea of who will be handling your hard earned money. This explains why your funds are not safe with LatitudeFX
Is your money safe with LatitudeFX?
Your money is definitely not safe with LatitudeFX. They have withheld key information about themselves which brings us to the conclusion that this is an offshore brokerage firm.
LatitudeFX has not provided any banking information thus they may go bankrupt any time.
LatitudeFX is a scam which you should avoid by all means.
Website URL : www.latitudefx.com