OasisTrade (Oasistrade.com) is a CFDs and Forex brokerage scam to hit the lucrative trading world. Oasis Trade is purporting to offer over 40 digital assets that traders can trade with. OASISTRADE is claiming to offer the simplest way to trading thanks to their unrivaled platform. With these claims, we had to investigate and see how well they offer services to investors. Read this detailed review and find out OasisTrade tricks.
Scammers have always want to tarnish the good Forex trading name. That’s why we must expose all scam brokers and their products to keep the good Forex trading name. What these scammers have done is create a compelling website that seems real to the naked eye. Investors are urged to stay clear of this website and never sign up. Read this entire review as we dig deeper into the scam OasisTrade is.
Claims and promises are what makes this scam one to forget. Complaints received by users have one thing in common, users cant’ make withdrawals. Fake claims and promises have been plastered all over the website and they have done so for a reason. These scammers want to trick newbie investors into believing they can make money with Oasis Trade. That’s the last thing this broker can do for you. Stealing your money is what they are good at.
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According to the disclaimer at the footer of the homepage, Oasis Tech Ltd owns this platform. It should be noted that this broker is located in Beachmont Kingstown. This is according to what the disclaimer states. What this means, by their own admission, is that we are dealing with an offshore brokerage house. Offshore brokers are notoriously known for flaunting set rules and regulations. Make sure to stay away from any offshore broker.
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Have you noticed that there’s no real name given to any of the owners of this platform? Why haven’t they named the founders of this brokerage firm? It’s clear that we are dealing with an offshore broker whose intention is to stay anonymous. Anonymity is a dangerous character to associate yourself with in this era. Make sure you stay away from any broker who is anonymous in nature; they are most likely, scammers.
Scammers will do or say anything to try and make their product appear legit to unsuspecting investors. OasisTrade is no different as they offer brokerage services with no license or regulation. Looking at their homepage, there’s no detail regarding licensing or registration by relevant authorities. It clearly means that we are dealing with a broker who is not authorized to conduct Forex business. And that’s a huge red flag.
An unauthorized broker will take away your funds as soon as you deposit. As soon as they get your money, they can do with whatever they want with it. If this broker was indeed licensed or registered, they would have posted registration documents. A real broker makes sure that they post their certificates and documents. This helps to prove authenticity and creates transparency. OasisTrade is surely not among the legal Forex brokers we have.
OasisTrade is offering investors seven different account types to choose from. These accounts include Basic, Bronze, Silver, Gold, Platinum, Black, and Elite. Silver, Gold and Platinum accounts have a welcome bonus of 20%, 40%, and 60%. Let it be made clear that the welcome bonus is another bag of trick used by scammers. They simply want users to deposit more money expecting to get more bonuses. Stay clear from these accounts.
Another huge problem with these accounts is they claim to have customer support. Later, we will reveal why this is a lie. There’s no customer support with any of the accounts listed. These accounts have similar advantages and have doubt that they are even different. Problem with these accounts is that there’s no mention of minimum required deposit. How much does each member deposits in order to start trading with the accounts?
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When it comes to depositing money with OasisTrade, there are available channels to do so. Users can deposit money using Comodo, Bitcoin, MasterCard, AstroPay, Wire Transfer and Visa. This is not a legit reason to sign up and deposit money with Oasis Trade. There’s a reason why this broker has listed these depository channels. They simply don’t want any excuse from traders as to why they can’t deposit.
Complaints from users are all about withdrawing money with Oasis Trade. According to what we discovered, this broker does not allow members to withdraw funds. And this is where we draw the line with Oasis Trade. It’s obvious we are dealing with a Forex scam broker. This is a classic scammer’s move especially when they are about to close shop. Why would they refuse users to withdraw their own money? They simply want to go away with it.
From the evidence we just produced, it’s clear that funds are not safe with this broker. Make sure not to make any deposits with this broker as it’s the last you will hear or see of it. Have you noticed that this broker fails to give vital information? Where do they bank money deposited by users? Lack of this vital information makes us question everything regarding this broker. Users maybe depositing money straight to owner’s personal bank account.
When it comes to segregation of accounts, this broker does not do this. It seems that OasisTrade is pooling funds in one account. This is a dangerous practice as the broker might lose all deposits at once. In case of bankruptcy or insolvency, this broker will lose your funds. And don’t expect to be compensated by this broker. This broker does not participate in a compensatory scheme. Stay clear of this broker at once.
Disturbing details have emerged that this broker is harvesting personal data and selling it. With their fake live chat support that is never available. During the entire time we investigated this broker, live chat was never online. Notice that the chat box asks for email and phone number? That’s how they harvest information and sell it to the dark web. Make sure you never give out your personal data to these fraudsters.
When it comes to the actual chat, these scammers have ensures that they remain anonymous. They are afraid of the backlash they would receive from authorities and victims. That’s why it’s imperative to stay clear of this bogus scam broker.
Without a doubt we are dealing with a Forex broker scam. OasisTrade is a scam and the evidence clearly speaks for itself. From the level of anonymity to not being licensed, this is surely another rotten Forex scam. Make sure to stay away from it by ignoring all attempts and calls to sign up. Stay clear from any broker who has the same characteristics as Oasis Trade. Mark all their emails as Spam and never click on any links sent by them.
It’s obvious we are dealing with another Forex scam, and this is clearly the case. What we have to do is add this broker to our scam blacklist. After doing this, we hope relevant authorities will investigate and shit down their whole operation. Make sure to stay clear of this broker and always use industry recommended trading tools. This is the only way to stay clear form scam sites such as Oasistrade.com.
At all times, partner with Approved and Credible Forex brokers. Start making realistic money with Industry backed Forex brokers. These brokers will always ensure your safety when trading Forex. Make a habit of using Forex brokers that have been backed by the trading community. That’s the only way to stay safe trading Forex.
Finally, we wish you all the best on your Forex trading ventures.
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