Handelsgatan（handelsgatan.com） is a Contract for Difference (CFD) broker registered in Saint Lucia, established on January 23, 2024. The broker primarily offers a proprietary trading platform, providing users with access to numerous trading markets, including forex, stocks, options, indices, etc. However, it does not provide services to Afghanistan, Russia, India, Laos, Pakistan, Panama, Sudan, Ukraine, China, the United States, the United Kingdom, Turkey, and some other regions and countries.
Company Registration Information and Regulatory Status:
Public information on the Handelsgatan official website indicates that its entity registered in Saint Lucia is Handelsgatan Limited, with the company registration number 2024-00045. Currently, the company's business address is Plaza-2, 2021 First Floor, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Road, Delhi - 110006. However, the broker has not mentioned any regulatory information about the company.
Upon verification, the Saint Lucia International Business Company and International Trust Registrar (ifc)'s official website lists a company entity named Handelsgatan Limited, with the company registration number 2024-00045. Yet, this entity's registration information could not be found with the Financial Services Regulatory Authority (FSRA) or any other financial regulatory bodies.
Moreover, according to information obtained from Whois, the registration date of the broker's official website domain is February 1, 2024.
Account Opening Process:
When opening an account with Handelsgatan, navigating to the broker's official homepage and clicking on "Open Live Account" in the top right corner of the webpage redirects to the account registration page, which is not yet fully designed, making it currently impossible to open an account normally. Additionally, the broker has not activated a standard login portal, preventing any form of login.
Trading Accounts:
The Handelsgatan official website has not disclosed any information regarding the types of trading accounts offered, account spreads, trading leverage, margin call/stop out levels, trading commissions, minimum/maximum trading volume, maximum positions/orders, or minimum price precision.
Trading Platform:
The Handelsgatan official website claims to offer a proprietary trading platform, but it does not provide a login or account opening portal, making it impossible to conduct trading. Additionally, it has not specified the type of trading platform, only mentioning some features but with scant details.
Deposits and Withdrawals:
Handelsgatan has not clearly disclosed on its official website the supported methods for deposits and withdrawals, related fees, or the minimum deposit and withdrawal amounts.
Conclusion:
Traderknows warns investors that although Handelsgatan is registered in Saint Lucia, it is not authorized or regulated by any financial regulatory authority. Additionally, the broker's official website currently lacks login and account opening portals, and contains minimal useful information. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
