Every entity in this index passes through the Cointiverse cartography pipeline before it is pinned to the chart. TradeState enters with its coordinates already flashing: an official warning record sits behind the listing, and the surrounding pattern matches operations our team has mapped many times before.
What our cartographers found
TradeState does not display any regulatory information and merely claims to be registered in Saint Vincent. Upon checking the Financial Services Authority (FSA) of Saint Vincent and the Grenadines registry, we found a company named "TRADE STATE GROUP LLC" registered. However, this registration only grants it International Business Company (IBC) status, which does not constitute a valid financial license for trading activities. The SVG FSA has publicly stated that it neither regulates nor licenses foreign exchange trading operations. Besides, TradeState was added to the warning list by Spain’s Comisión Nacional del Mercado de Valores (CNMV) for providing investment services without proper authorization. Given these facts, TradeState exhibits highly suspicious behavior and appears to be an unlicensed and potentially fraudulent broker.
Red flags on the map
- Pressure to deposit more in order to unlock earlier deposits
- Appears on an official regulator or fraud-warning list
- No verifiable licence for the jurisdictions it targets
- Withdrawal friction: new fees or conditions appear at cash-out time
If you have funds with TradeState
Stop sending money immediately – especially any payment framed as a tax, unlock fee, or verification deposit. Preserve everything: transaction hashes, wallet addresses, receipts, chat logs and emails. The paper trail is what a recovery review runs on.
Cointiverse can chart where the funds moved and give you an honest read on whether a realistic path exists. Start a confidential case review – there is no obligation, and the first assessment is free.