Should You Trade with Chelsea Investments?
There’s a lot of buzz about automated trading. There’s nothing wrong with this, as long as the broker offering it is licensed. Too many people have gotten burned with automated trading apps that turn out to be nothing more than a ploy to steal sensitive information. We’re not sure if this is what’s going on with Chelsea Investments, but one thing we do know is that they offer no proof of licensing, even though they claim to be regulated.
We Have Found Some Problems with Chelsea Investments
Chelsea Investments says it has a license from St. Vincent and the Grenadines, but it doesn’t prove it. Another problem with Chelsea Investments is that its fee is 7.4 pips which is extremely high. Chelsea Investments doesn’t offer any transparency into who runs it and what their qualifications are. We don’t have any reason to trust this broker and instead we recommend that you research brokers with proof of regulation and a track record of success.
Red Flags Concerning Chelsea Investments
No proof of license
- False claims
- High pips
- Negative reviews
What Should You Do If You Have an Account with Chelsea Investments?
We do not recommend opening an account with Chelsea Investments. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.