EasyTrade55 (Easytrade55.com) is another bane CFDs, Cryptocurrency, and Forex scam stealing from unsuspecting investors. Easy Trade 55 is claiming to be a genuine platform and in the real sense, this is another online scam. EasyTrade 55 is professing to be the system where traders can trade easily and quickly. Sadly, members don’t agree as their recent dealings have proven risky. Read this genuine and honest EASYTRADE55 Review for more details.
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These victims reached us via email and we felt it is our duty to investigate the platform. The online trading world should be fair and free for all. These scam platforms must be exposed at all cost to protect the online trading investors. At first glance, it is easy to see why the platform has attracted various investors. The design makes it look genuine and that’s what scam artists are after. By cloning a real trading website, they make it look like a genuine trading platform.
EasyTrade55 is operated by unknown persons which makes it a hard and risky platform to operate. Scam artists will use empty claims and promises to try and trap investors. Most of these claims involve having a way to make investor rich in no time. Never trust a platform with such a tag line since in most cases, they are scam platforms. Thanks to our years in investing and trading, we know how to spot a scam. Continue reading this vivid review and find out the traps and tricks used by Easy Trade 55.
Disclaimer at the footer of their homepage would suggest the platform is based in Germany. According to what has been posted, the platform claims to be located in Frankfurt. Scam artists will do or say anything to make their platforms appear legit. These are pure lies as the platform has no valid address. No broker or investor seems to have heard of this platform. The brokers and investors we reached out to are seasonal traders. They would know whether a platform exists in their region.
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Another worrying feature we noticed with EasyTrade55 is anonymity. No one seems to know who the founding members of this platform actually are. And this is proof we are dealing with an anonymous online trading scam. The entire platform does not have any names posted in regards to people running the day to day activities. Brokers and investors in Germany also claim never to have heard of this platform. Scam artists are using the German location to pose as a European trading entity.
A closer look at BaFIN register reveals no broker or platform has ever been licensed under this name. We also reached out to various European regulatory bodies for confirmation. Some of the regulatory institutions we reached out to include ASIC, CONSOB, CySEC, and FCA. None of these well-established bodies has ever heard of this platform. Ensure you stay away from this platform and never sign up with any of their affiliate programs. With an unregistered platform, security of funds is never guaranteed.
Another damning issue with EasyTrade55 is lack of any material to prove registration. You would expect a platform to post copies of their license documents for all to see. Nowhere in their trading platform can you get to see a license or registration number. And this is where a smart investor draws the line as it is clear EasyTrade55 is NOT LICENSED. Anyone who signs up and deposits money should not expect any real trading to take place. The platform is a cloned website used by online scam artists to steal from traders.
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After sieving through the entire website, we could not find any advantage of trading with this platform. These scam artists are using a cloned website to fool investors and this is unacceptable. From the number of complaints floating around the web, it seems a majority of investors have been scammed. And this is why it is best to stay away. EasyTrade55 is going to take your money and never allow you to withdraw. Most complaints have been on the platform’s inability to release funds.
EasyTrade55 is not furnishing users with any information regarding the available accounts. We used the chat box to try and get any help but couldn’t find any. Another disturbing feature with this platform is lack of vital information regarding account features. Are they using one account for all investors? What about the minimum trading amount required to start trading? Why have they failed to give users such vital information? It is to ask for different minimum deposit for each victim.
A demo account is another missing feature which is a must have. Smart investors and traders know the importance of a demo account. A demo account gives users a chance to test how well a platform behaves. Without a demo account, users are signing up blindly. With a demo account, you get to know the leverage and spread involved. A demo account also enables users to gauge the speed at which trades are executed. Since no demo account is present, it is clear these scam artists left out this feature for a reason.
When it comes to the payment methods, EasyTrade 55 has this feature well-covered. Depositing fund with EasyTrade55 is easy and quick. Some of the depository channels listed includes American Express, Discover, MasterCard, PayPal, and others. Those who use PayPal can send a cancellation request once the platform refuses to withdraw funds. Withdrawing funds is the biggest problem as no members has come out with evidence of ever dispensing funds. And this is what makes easy trade 55 a scam.
The homepage claims the platform is using MT4 as their preferred tool of trade. In real sense, they are using a web-based platform which lacks important security features. Lack of DDoS protection and SSL encryption is proof we are dealing with a sleazy platform. Hackers can easily take advantage of this loophole and steal funds at will. Stay away from this platform and never use their web platform when using your own PC.
When it comes to safety of funds, we are sure Easy Trade 55 is not covering it. With the number of complaints trickling in, this is another brute platform. Without accounts in play, it means segregation of accounts is not possible. Members are depositing funds straight to owner’s personal bank account. Stay away from this platform and ensure you never sign pick calls from their call agents.
With the evidence we have, it is clear EasyTrade55 is another rotten scam. Ensure you stay away from this platform and never sign up with any of their affiliate programs. Mark their emails as spam and warn your family and friends from signing up.
We will have to add EasyTrade55 to our scam blacklist to ensure our readers know the risks.
Why not use reliable and reputable brokers who have years of trading experience? With a trusted and top rated broker, chances of winning increase. Ensure you stay ahead of the game and use credible and dependable brokers at all times.
Wishing all investors a happy and prosperous trading period.
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