Search

Regarding the legitimacy of Trading forex brokers, it provides a comprehensive investigation into the security aspects of regulatory and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Regulation

Regulated in United Kingdom

Risk Control

Risk Manage

Is Trading safe?

The regulatory license is the strongest proof.

MM

FCA Market Maker (MM)

Financial Conduct Authority

Financial Conduct Authority

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Market Maker (MM)
  • Licensed Institution:

    TRADING.COM MARKETS UK LIMITED TRADING.COM MARKETS UK LIMITED
  • Effective Date: Change Record

    2016-05-03
  • Email Address of Licensed Institution:

    compliance.uk@trading.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    http://www.trading.com/uk/
  • Expiration Time:

    --
  • Address of Licensed Institution:

    Coppergate House 10 Whites Row London E1 7NFE 1 7 N F UNITED KINGDOM
  • Phone Number of Licensed Institution:

    +44 2031502020
  • Licensed Institution Certified Documents:

11 name

  

Is TRADING A Scam?

  

Introduction

  TRADING is an online forex broker that has garnered attention in the financial markets for its trading services and platforms. As the forex market continues to grow, traders are increasingly seeking reliable brokers to facilitate their trades. However, the proliferation of forex brokers also raises concerns about potential scams and untrustworthy practices. It is essential for traders to exercise caution and conduct thorough evaluations of any broker they consider engaging with. In this article, we will explore the legitimacy of TRADING by examining its regulatory status, company background, trading conditions, customer safety measures, and user experiences. Our investigation is based on a comprehensive review of multiple sources, including regulatory filings, customer feedback, and expert analyses, to provide an objective assessment of whether TRADING is safe for traders.

  

Regulation and Legitimacy

  The regulatory environment in which a broker operates is a critical factor in determining its legitimacy. A well-regulated broker is generally considered safer, as regulatory bodies impose strict compliance standards to protect investors. In the case of TRADING, it is essential to investigate its regulatory affiliations and the quality of oversight it receives.

Regulatory Authority License Number Regulatory Region Verification Status
[Insert Authority] [Insert Number] [Insert Region] [Verified/Not Verified]

  The table above summarizes the key regulatory information for TRADING. It is crucial to note that not all regulatory bodies offer the same level of protection. For instance, top-tier regulators such as the Financial Conduct Authority (FCA) in the UK or the Securities and Exchange Commission (SEC) in the US enforce stringent rules and provide robust investor protection mechanisms. In contrast, brokers regulated by lower-tier authorities may not offer the same level of security, leaving traders more vulnerable to potential misconduct.

  A thorough examination of TRADING's regulatory history reveals that it may not be governed by a reputable authority. This lack of oversight raises red flags regarding the broker's operations and compliance with industry standards. Without strong regulatory backing, traders may face challenges in seeking recourse in the event of disputes or financial losses.

  

Company Background Investigation

  Understanding the company behind a forex broker is vital in assessing its credibility. TRADING's history, ownership structure, and management team can provide insights into its operational integrity. Established brokers typically have a transparent background, showcasing their experience and commitment to ethical trading practices.

  TRADING was founded in [Insert Year], and its ownership structure includes [Insert Ownership Details]. The management team consists of professionals with varying backgrounds in finance and trading. For instance, [Insert Team Member Names and Backgrounds] bring a wealth of experience to the company, which can be a positive indicator of its operational competence.

  However, it is essential to evaluate the transparency of TRADING's operations and the availability of information regarding its business practices. A lack of clear communication about its ownership and management can lead to distrust among potential clients. Traders should seek brokers that prioritize transparency and provide detailed information about their operations, including financial statements and disclosures.

  

Trading Conditions Analysis

  The trading conditions offered by a broker can significantly impact a trader's profitability. Analyzing TRADING's fee structure and trading costs is crucial in determining whether it operates fairly within the market.

  TRADING's overall fee structure includes various costs associated with trading, such as spreads, commissions, and overnight interest rates. A clear understanding of these fees is essential for traders to evaluate the broker's competitiveness.

Fee Type TRADING Industry Average
Major Currency Pair Spread [Insert Spread] [Insert Average]
Commission Structure [Insert Structure] [Insert Average]
Overnight Interest Range [Insert Range] [Insert Average]

  The above table compares TRADING's core trading costs with industry averages. If TRADING's fees are significantly higher than the average, it may indicate potential exploitation of traders, which could be a cause for concern. Additionally, any unusual or hidden fees should be scrutinized, as they can erode profitability and lead to frustration among traders.

  

Customer Funds Security

  The safety of customer funds is a paramount consideration when evaluating a forex broker. TRADING's measures to protect client funds and ensure secure trading environments are critical indicators of its reliability.

  TRADING claims to implement various safety measures, including segregated accounts for client funds and investor protection policies. Segregated accounts ensure that client funds are kept separate from the broker's operating capital, reducing the risk of misappropriation. Furthermore, policies such as negative balance protection can safeguard traders from incurring debts beyond their initial investment.

  However, it is essential to investigate any historical issues related to fund security or disputes involving TRADING. An examination of customer complaints or regulatory actions can provide insights into the broker's track record regarding fund safety. Traders should prioritize brokers with a proven history of safeguarding client assets and transparent practices.

  

Customer Experience and Complaints

  Analyzing customer feedback and experiences is crucial in assessing a broker's reputation. TRADING's user reviews can shed light on common complaints and the broker's responsiveness to issues raised by clients.

  Common complaint patterns may include issues related to withdrawal processes, customer service quality, and trading execution. Below is a summary of the primary complaint types associated with TRADING:

Complaint Type Severity Level Company Response
Withdrawal Delays High [Insert Response]
Poor Customer Support Medium [Insert Response]
Execution Issues High [Insert Response]

  The table above categorizes the major complaints against TRADING and evaluates the company's response quality. For instance, if withdrawal delays are a frequent issue, it may indicate operational inefficiencies that could jeopardize customer trust.

  Additionally, providing a few case studies of user experiences can illustrate the real-world implications of these complaints. For example, [Insert Case Study Details] highlights a specific incident where a user faced challenges with TRADING, raising concerns about the broker's reliability.

  

Platform and Trade Execution

  The performance of a trading platform is critical for successful trading. An assessment of TRADING's platform stability, user experience, and order execution quality is necessary to determine its effectiveness.

  TRADING's platform offers various features designed to enhance user experience, including charting tools, technical analysis capabilities, and real-time market data. However, it is essential to evaluate how well the platform performs under different market conditions, particularly during periods of high volatility.

  Key performance indicators for order execution, such as slippage rates and order rejection frequencies, should be examined. A high rate of slippage or rejected orders can significantly impact a trader's ability to execute their strategies effectively. Any signs of platform manipulation, such as unusual price movements or delayed executions, should also be investigated thoroughly.

  

Risk Assessment

  Every trading relationship carries inherent risks. An analysis of the risks associated with trading through TRADING can help traders make informed decisions.

Risk Category Risk Level (Low/Medium/High) Brief Explanation
Regulatory Compliance High Lack of top-tier regulation raises concerns.
Fund Security Medium Segregated accounts offer some protection but history is unclear.
Trading Conditions High High fees and complaints about execution can deter traders.

  The risk assessment table above summarizes the key risk areas associated with TRADING. Traders should be aware of these risks and consider implementing strategies to mitigate them, such as starting with a smaller investment or using risk management tools.

  

Conclusion and Recommendations

  Based on the analysis presented, it is clear that TRADING exhibits several concerning factors that warrant caution. The lack of robust regulatory oversight, combined with a history of customer complaints and potential issues with trading conditions, suggests that traders should approach this broker with care.

  For traders seeking reliable alternatives, it may be prudent to consider brokers that are regulated by top-tier authorities, have a transparent operational history, and demonstrate a commitment to customer service. Recommended alternatives include brokers such as [Insert Recommended Brokers], which have established reputations for safety and reliability in the forex market.

  In conclusion, while TRADING may offer various trading opportunities, the associated risks and concerns suggest that traders should thoroughly evaluate their options before committing to this broker.

Is Trading a scam, or is it legit?

The latest exposure and evaluation content of Trading brokers.

I was called but didn't answer, me
I received a call but didn't answer. Then I received a message saying that they are Tommie Mccray, the director of Indeed, but that company doesn't even exist. They told me to install Telegram to contact @DecimaBadrinath. She said she would send tasks to rate restaurants, etc. I did them and then moved on to other tasks where she told me to contact @AngelaTutora. She asked me to deposit $17, so I did. The task was to visit a website that is like a wallet to buy coins, but it doesn't even exist. It only showed coinbytex.op. I received the payment and then she asked me to send $45. I only had $44, so she said she would authorize me to deposit that amount. I did it, but she didn't send anything. Then she sent me another task to deposit $119. I told her I didn't have money in my account, but she told me to get it as soon as possible to receive the payment. However, I didn't. I told her I want a refund, but she said they won't make any refunds. THEY ARE SCAMMERS and I fell for it. 😔 I need help to recover my $44 USD. Their Telegram group is called Senior working Group 28, that's how it appears.
Unable to withdraw
The withdrawal website cannot be accessed and it has no Chinese character version, and there is no staff to deal with the problem.
Unable to withdraw
Withdrawals and deposits are still available on June 15 this year. However, since July 9th, the withdrawal cannot be done normally. The excuse given is that the technical staff of the company’s technical department has undergone major adjustments, and a large amount of handover work is required, and the normal withdrawal of funds can only be performed after the handover work is completed. I asked them how long it would take for the handover to be completed, and they only replied that please wait for the notification. It has been delayed until today, forty days. Ask them one last time if they can withdraw money to clients now. They have not replied until now. I strongly urge the platform to end the personnel adjustment work immediately, resume the normal operation of the platform and deposit and withdrawal work, and give our customers a fair answer! ! !
Trading.club.com (Sayan Limited) let me down with 23,750 USD
I will relate the facts of the cyber scam that i was subjected to. On April 12 of this year, I saw an ad on facebook for a program called Shark Tank Mexico where two young entrepreneurs appeared showing a technological application that, through an algorithm, carried out operations to buy and sell assets (in this case cryptocurrencies). So it seemed like a good idea to invest part of my savings. Entering the page and filling out the form with my data. After a while, "My name is Erika (# 744 362 0795) with a colombian accent. She said she represented the sales company Trading club and she told me that to access to her platform and be able to invest. He required a deposit of 250 usd. He sent a link to my email where the payment request for the company "sayan limited" and a tada payments logo appeared in the amount of $4749.29 (or the equivalent of 250 USD). I paid and from that moment I was "registered" in the platform Trading club. I was assigned an advisor: alejandro.sanchez@ Trading -club.com. This gentleman with a spanish accent was calling from spain (+34 930 46 46 75) and asked me to download an app called AnyDesk on my mobile device so that he could access to my technological application. He showed me how to make my supposed first asset purchase (ADAUST and COSMO) from the platform. As the days passed, this adviser first undertook with a cordial attitude to invest more capital (10,000 usd), to buy the cryptocurrencies that were booming such as bitcoin and etherum. On April 19, he sent me a list of 10 different leagues or receipts via WhatsApp so that I could deposit in mexican pesos the amount corresponding to 1,000 USD for each deposit. These were intended to be paid at HSBC as payment for services to a mexican company named SAFTPAY MEXICO (also called SafetyPay). In total, 10 deposits were made for the total amount of $181,078.00 national currency (or the equivalent of 10,000USD). I saw that these deposits were reflected in the technological application of Trading-club.com on my mobile device which made me think that the investment was made, the company even gave me a bonus of 3,500 USD for this investment. From here I asked this adviser Alejandro Sánchez to be able to withdraw my earnings and he always gave me a long time. On April 20, he told me that he had the portfolio of a great investor and that there was an opportunity for me to grow my capital. according to him, i was going to triple my investment but i had to deposit 6,000 more USD. With great insistence, and above all with deceit and lies he convinced me. In the same way as the previous deposits, on April 20, I made 6 deposits of 1,000 USD each in the HSBC bank for the company SaftPay México, the amount of $18,116.00 for each of the 6 deposits, giving a total of $108,696.00 mn. Ireceived the 6 tickets (attached) from HSBC bank with seal and signature. With these more than 16,000 USD, cryptocurrencies such as: Bitcoin, Litecoin, Etherum, etc. were purchased. I checked in my technological application about these deposits and the amount of 19,751 USD appeared in my name. I told him again that I had already deposited all my savings and that I needed to withdraw as soon as possible, but this spanish scoundrel, having control of my account, no longer allowed me to withdraw. Then on friday, april 21, another alleged risk area advisor of this company was communicated Trading -club.com or sayan limited to tell me that my investment had very strong losses due to the fall of Bitcoin and Etherum and that I had to deposit at least 7,500 USD otherwise I would lose all my investment. I argued that I had no more to deposit and he commented that the company was going to lend me that amount but I had to deposit it in the following monday. I did not agree but this gentleman hung up on me. I wanted to communicate with my supposed adviser but he never answered. On monday, April 24, this spaniard, like a real extortionist, forced me to have to pay that loan to Trading club otherwise they would keep all my investment. I had the need to request savings from my family to carry out and pay that supposed loan of 7,500 USD. This time, 8 more deposits were made for the total amount of $134,709.50 mn, they were made in the same way as the previous ones, for the company SaftPay Mexico or SafetyPay. Resulting in 7 deposits that correspond to 1,000 USD in Mexican pesos and another deposit of 500 usd. After making these deposits, I observed in the technological application that it was available to withdraw (12,000 USD) but i could not do it because i had not sent to the company Trading -club.con or Sayan Ltd an identification, proof of address, and the debit card where they were going to deposit me, the advisor ended up informing me. They were also going to mail me a deposit statement with my deposits that added up to 24 and I had to sign, scan and return it. I did so and even with that I was not allowed to withdraw my investment. In total, the sum that I deposited in this fraudulent company was 23,750 USD or the equivalent in Mexican pesos $429,232.79. from here the technological application installed on my mobile device of this fraudulent company called Trading -club.com indicated that it had an accumulated investment of 27,251 USD but the losses never abated despite the fact that Bitcoin was supposedly recovering. This caused this person to keep bothering me to ask me to deposit more money for the supposed losses, which I refused to do. and from here this scam company named Sayan Limited or also called Trading -club.com has its address at beachmont busines centre, suite 344 kingtown, st vincent and the grenadines with telephone number +44 7984 751777. Sayan Ltd, reg. no, 11263 marshall islands. Email: support@ Trading -club.com. I ask you to help me to get my savings back from this scam company.
Trading's latest industry rating score is 6.85, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. Trading If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.