Agricole Trade (Agricoletrade.com) is a Forex scam broker to hit the lucrative commodities world. AgricoleTrade is offering users real money in the financial markets, and they say it’s easy. AGRICOLE TRADE is purporting to offer users a platform that has advanced tools, reliability, and professionalism. With fake award claims listed on their homepage, we simply had to investigate. Read this detailed and honest Agricole Trade review and find out more.
What these scammers have done is create a compelling website that entices the eye. At first glance, it’s easy to believe that this is a real brokerage firm. With moving images on the homepage, not forgetting award claims, newbies will easily believe it. Being expert at Forex trading, we know how to spot fake brokers and products from afar. Agricole Trade is no different as they have used the same scam tricks. Read on to find out these scam tricks.
Claims and promises are another bag of tricks used by scammers to lure investors. AgricoleTrade is filled with empty claims and promises. To begin with, fake awards listed are just a few examples of claims used to lure investors. Most Innovative Broker, Best Forex Analytics, Best service quality are all lies. These scammers have listed these fake awards to try and make their platform appear recognized, which it isn’t.
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Disclaimer at the bottom of the page is not clear as to who actually owns this brokerage firm. At first, we are told that Agricole Trade Limited owns this brokerage firm. Last statement however also claims that JonGroce LTD owns this platform. Latter company is registered in St. Vincent and the Grenadines with registration number 24827 IBC 2018. Note that scammers may do or say anything to make their platform appear legit for authenticity purposes.
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These scammers have admitted that they are offshore brokers. Offshore brokers are notoriously known for flaunting set industry rules and regulations. Make sure not to sign up with offshore brokers for a number of valid reasons which we will explain below. Why have they failed to mention the people who actually run this website? Who is the CEO or CFO of this company? Level of anonymity with this broker is too big for us to trust AgricoleTrade.
Just because these scammers have posted a registration number, doesn’t make it true. Number posted is a random number which makes these scammers dangerous. If these scammers can use random numbers, what else can they do? There’s no company anywhere in the world that’s been registered with the name JonGroce LTD. It means that we are dealing with Professional Forex scam artists which isn’t news to us.
Where are their registration credentials to prove that they have been licensed by regulatory bodies? A real broker will post copies of their registration certificates and documents to prove authenticity. This helps to prove transparency and proves that the broker has been licensed by regulation authorities. Lack of these vital documents is proof enough that we are dealing with a dangerous scam. Make sure you stay away from this broker.
Another disturbing detail with this broker is the fact that they are using a rigged demo account. These scammers have gone a step further by rigging the demo account in favor of users. What this means is those investors who try out the demo account will make over 90% successful trades. Why would they do this? These scammers do this in the hope of luring investors to try out the real account.
Immediately users see that they are making a killing with the demo account, they open a real account. This is why these scammers ensure that even amateur traders can make a killing with the demo account. Now you know better than to try out their demo account.
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What has made people lose money is depositing money to a rogue broker. There are a lot of depository channels that this broker has made available. Reason why this broker chooses many depository methods is to ensure investors don’t have a reason of not depositing. This is not a reason to open an account with this rogue broker.
When it comes to withdrawing money with Agricole Trade, this is where the real problem lies. No member has been able to withdraw money using this brokerage firm. It seems that the owners are refusing users to withdraw money on purpose. These scammers will allow users to make deposits and always postpone withdrawal requests.
With a broker who refuses to give the green light to withdraw money, funds are not safe here. Have you noticed that this broker has failed to issue important details regarding their banking practices? Where do they bank money deposited by users? It’s clear that this broker is not complying with set industry regulations and rules. Users maybe depositing money straight to the owner’s personal bank account.
When it comes to segregation of accounts, this is not the case with AGRICOLETRADE. What this means is that Agricole Trade is pooling funds in one account which is dangerous. In case of bankruptcy or insolvency, this broker will lose all funds at once. That’s not all; don’t expect to be compensated by AgricoleTrade. This broker does not participate in a compensatory scheme. And now you know how unsafe funds are with this broker.
What we found odd with this broker is the fact that there’s no live chat support team. Sure, they have an online chat tab that when clicked, takes you to a sign in page. Problem with this chat support is that it asks for too much personal details. Why would they require users to give then phone numbers? It’s clear we are dealing with a broker who is harvesting personal data for their own gains. Make sure you don’t hand out your contact details.
Evidence surely points out that we are dealing with a rotten Forex broker scam outfit. Make sure to mark all their emails as Spam and never click on any links sent. Hackers are using these links to gain access to personal details on computers. Warn your friends and relatives from signing up with this broker. Ensure you never hand over your details to any agent who calls you from their team. This is surely a hoax to get users to deposit money with them.
After listing this to our blacklist, we hope relevant authorities will look into this broker. Shutting down their whole operation is what will protect newbie traders from falling into this trap. Scams such as Agricole Trade are tarnishing the good Forex trading name. This scam must be exposed for the scam it is and brought down for good.
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Lastly, we wish you all the best in any type of Forex trading you prefer.
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