SECURETRADE Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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She wants me to send the payment for company commission fee but didn't told me before we send the money for investment the trading transaction is not give me my profit
Summary: Securetrade has garnered significant negative attention due to its lack of regulation, high minimum deposit requirements, and reports of withdrawal difficulties. This broker claims to offer trading in Forex and cryptocurrencies, but user experiences raise serious concerns about its legitimacy and operational transparency.
Note: It's important to recognize that different entities may operate under the same name across various regions. This review aims to provide a fair and accurate assessment based on the most current information available.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 2 |
| Customer Service and Support | 4 |
| Trading Experience | 3 |
| Trustworthiness | 2 |
| User Experience | 2 |
How We Rate Brokers: Our ratings are based on a combination of user reviews, expert opinions, and factual data regarding the broker's operations.
Founded in 2022, Securetrade is a financial brokerage that claims to provide online trading services for Forex and Bitcoin. However, it currently operates without any valid regulatory licenses, raising significant concerns about its legitimacy and the safety of client funds. The broker's website is reportedly unavailable, which complicates the assessment of its services and trading conditions. According to various sources, Securetrade mainly offers trading in Forex and cryptocurrencies, although specific details about trading platforms and instruments remain unclear.
Securetrade does not hold any valid regulatory licenses, which is a major red flag for potential investors. The lack of regulation means that traders have little to no recourse in the event of disputes or issues with fund withdrawals. According to WikiFX, the broker has a regulatory index of 0.00, indicating a high level of risk.
The minimum deposit required to open an account with Securetrade is reported to be $1,000, which is significantly higher than many other brokers that typically require around $100. Furthermore, there is a concerning lack of transparency regarding deposit and withdrawal methods, making it difficult for potential clients to assess the associated fees and processing times.
There is no information available regarding any bonuses or promotional offers from Securetrade. This absence of promotions might suggest a lack of competitive edge in attracting new clients.
Securetrade claims to offer trading in Forex and Bitcoin, but specifics regarding the range of available currency pairs or cryptocurrencies are not disclosed. This lack of information can be a deterrent for traders looking for a diverse trading portfolio.
Specific details about spreads, fees, and commissions remain undisclosed, which is unusual for a broker. The absence of this information may indicate a lack of transparency, as users may face hidden costs that could affect their overall trading experience.
There is no information available about the leverage options provided by Securetrade. This lack of clarity is problematic, especially for traders who rely on leverage to enhance their trading potential.
Securetrade has not specified which trading platforms it supports, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5). This omission makes it challenging for traders to evaluate whether the broker meets their technical requirements.
There is limited information regarding restricted regions for Securetrade, but given its unregulated status, it is advisable for potential clients to exercise caution, especially if they are located in jurisdictions with strict financial regulations.
Securetrade provides customer support via phone and email, but it lacks live chat support. The company can be reached at +1 (747) 292-1163 or via email at support@securetrade.vip. However, the quality of customer service has been criticized, with reports of difficulties in contacting the broker and issues related to fund withdrawals.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 2 |
| Customer Service and Support | 4 |
| Trading Experience | 3 |
| Trustworthiness | 2 |
| User Experience | 2 |
Account Conditions: Securetrade offers multiple account types, but the high minimum deposit requirement of $1,000 is a significant barrier for many traders. According to sources, this minimum is substantially higher than the industry average, which is a cause for concern.
Tools and Resources: The broker's lack of transparency about available trading tools and resources is alarming. Users have reported a lack of educational materials and market analysis tools, which are essential for informed trading decisions.
Customer Service and Support: While Securetrade offers phone and email support, the absence of live chat options and reports of unresponsive customer service raise serious concerns about the broker's commitment to client support.
Trading Experience: User experiences indicate significant challenges, particularly regarding fund withdrawals. Many users have reported being unable to access their funds, which is a critical issue for any trading platform.
Trustworthiness: The absence of regulation and the numerous negative reviews regarding withdrawal difficulties contribute to a low trust rating for Securetrade. It is advisable for potential investors to consider these factors seriously.
User Experience: Overall user experiences have been largely negative, with many traders expressing frustration over the broker's lack of transparency and operational difficulties.
In conclusion, based on the available information and user feedback, Securetrade presents considerable risks for potential investors. The lack of regulation, high minimum deposit, and negative user experiences suggest that traders should exercise extreme caution when considering this broker. Always ensure to conduct thorough research and consider regulated alternatives before making any financial commitments.
