Is Scam or Legit Broker?

It is not safe to trade with The broker does not hold any license. Moreover, it pretends to be another regulated broker (TRADE.COM). Evidently, the names of the two brokers are almost identical, and tries to benefit from this.

🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

What is as mentioned on the official company website is the global forex and CFD provider that gives the possibility to build a varied and robust portfolio. “Diversify your trading and minimize any potential risks, with a broad choice of financial trading products. Trade with no commission, and benefit from highly advantageous trading terms, including versatile leverage (Also read our review on MEX Exchange to know more about its leverage), low margin and tight spreads (Low Spread Forex Brokers), along with employed strictest measures to ensure the safety and privacy of account. We also regularly submit financial reports to the regulators to prove that we hold sufficient capital to cover all client balances.”

  • All that, of course, sounds good, but the main issue is that the broker’s name and offering are creating confusion since there is a well-regulated and quite big broker TRADE.COM. This broker is internationally recognized and known, while changes only a letter and is, in fact, a non-legal, non-licensed entity that strives only to attract clients. What the broker can do after we can just guess, but definitely it seems to be a fraud. Unauthorized firms promoting hardly Forex and the trading investment itself, however, traders should be careful since that company concert is just to take money from the public.
  • This is actually a common practice among scam brokerages to use the tactic to pretend another, authorized firm so traders should be especially wary while deciding to deposit funds or engage in trading with a particular company. The first and major step is to check the registration of the company, while mostly all respected authorities publish an online listing with open access to all users, with the purpose to check the current status of the firm or another. Review Review Conclusion

One of the most essential steps when choosing a broker is whether it is licensed or overseen by any of the financial authorities. Generally, we recommend trading with financial services providers licensed by one of the most respected financial regulators – the Financial Conduct Authority. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets, HotForex, etc. Update

We found the website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert if any proposals come. 

No news available.

5 responses to “”

  1. It’s scam with no proper registration, they would show you gains using their internal software and then keep asking you to deposit more money. Eventually will show that you made a big loss and gulp your hard earned money. Simple say no to them … I have lost some money ….

  2. It’s a big time scam, starts with a 500$ account and they will trade on forex to Comodities for a month or two and show you good profits. Next step is to pressurize you to invest more. If you do they will trade for some for time and if not your money will be used to trade in fx which really makes no sense and they earn commission but you are left with zero money in your account. You have no way to fight this as they will say it’s a lose made and risk is already known. Never get into trades. Com it’s fake and not serious platform or company.

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