The police and MAS have determined that Arotrade is in breach of the Securities and Futures Act (SFA) and IMDA assessed that the information on its constitutes prohibited content under the Internet Code of Practice (ICOP). ). IMDA has directed Internet Access Service Providers (IASPs) to block access to Arotrade’s website from Singapore residents.
The police investigation in Arotrade is ongoing.
LeapRate discovered that Arotrade is also listed in New Zealand Financial Market Authority (FMA) warning list. The company appears under Speed Solutions Ltd entity name but conducts trades to the same website, https://www.arotrade.net/.
The company has the following contact details:
Entity name: Speed Solutions Ltd
Trading Name: Arotrade
Website: https://www.arotrade.net/
Email: info@arotrade.net, support@arotrade.net, compliance@arotrade.net
Address: 5 Cork Street, Belize City, Belize
Phone: +3728803345
The company is not registered in New Zealand and it is not on the New Zealand Financial Service Providers Register.
