The Bulgarian financial regulator blacklisted the entity CgTrade presenting itself as a forex brokerage.
The company claims to be owned by CGTRADE PTY LTD and CgTrade Limited. Those entities are supposedly registered in Australia and Canada. It purports to be owned by a third company too (so many owners!) which is registered, unsurprisingly, in the Saint Vincent and the Grenadines offshore zone, which does not regulate forex trading. The company’s background is, obviously, very chaotic and completely untrustworthy and I think it would be a very bad idea to even consider working with such a company.
It is fascinating how some (a lot) of scammers can't even be bothered to come up with plausible background information. Three different companies own them? Really?!