Soyam Trade Limited
We checked Soyam Trade Limited against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Soyam Trade Limited.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.