SigmaForTrade (Sigmafortrade.com) is a harsh CFDs, Crypto Currency, and Forex scam broker to hit the lucrative trading world. Sigma For Trade is purporting to have an innovative trading platform. Sigma4Trade is offering free trading signals at the same time claiming to offer all financial markets. After going through a couple of emails from some of their members, we had to expose them. Make sure to read this entire SIGMAFORTRADE review.
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After reading what most members were going through in the hands of this broker, we had to expose them. No investor should ever go through such a nasty broker to begin with. To stay safe when trading Forex, make sure to do a thorough research of the broker. One way to stay ahead is by reading reviews of these online brokers. Most brokers are trusted and have been vetted by the trading community. These are the brokers investors should partner with for a safe trading experience.
Sadly, SigmaForTrade is what’s wrong with some of the brokers who are tarnishing the Forex trading name. And this is why we must expose these brokers to keep the Forex trading name intact. Sigma4Trade is nothing but a rotten platform where newbie investors are being targeted. And this should be a reminder not to trust any online investment platform which shares similar characteristics. Just because they have enticing offers, doesn’t mean the broker will come through with the promises.
According to the information we have gathered, this platform is owned by Sigma4Trade LTD. Sadly, after looking at some of the registrar of companies site, no results yielded any fruits. What this means is SigmaForTrade is a platform which is owned by an anonymous company. Any broker who deposits money has given it away to possible scam artists. A good way to confirm this is by looking at the whois.com domain. Results will show not bear any fruits regarding this broker.
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And who are the founding members of this platform? Why have they failed to give us information regarding people running this platform? Something fishy is definitely going on with Sigma4Trade. A broker who has not provided real names of people running this platform is a scam. Investors are depositing funds to an unknown third party. It’s the same as throwing away money. Make sure to read this entire review and find out the tricks used by these scam artists.
SigmaForTrade is a brokerage firm which claims to be registered in the Marshall Islands. Never trust an offshore broker simply because they can’t be trusted with funds. How can funds be safe with an unknown broker?
After a while, we noticed this broker has not posted any documents to prove registration. Another reason to stay away from this broker is how they lack proper registration details. A real broker will post copies of their licensing and registration for all to see. What this does is create transparency and also shows the broker has been dully regulated. Stay away from Sigma4Trade or lose your entire deposits.
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SigmaForTrade is offering four different account types to anyone who wishes to sign up. Accounts are named Mini, Standard, Gold, and Platinum. What we noticed odd was the high acceptable required deposit. Mini account, which is for beginners, sets a minimum required deposit of over $500. Industry set acceptable minimum deposit is $250. It means SigmaForTrade is out to steal funds without any shame.
Another disturbing feature we noticed with these accounts is how similar they are to each other. How can an investor deposit over $15,000 and get the same perks as one who deposits $500? It means the broker did not think it through which means we are dealing with a con artist. Such accounts are traps to get different types of investors. Be on the lookout for brokers who have accounts which don’t meet the industry standards. Most likely they are professional online scam artists.
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Members who have tried their demo account get huge profit margins of over 98% success rate. What these scammers have done is rig their demo account to produce these results. Ask any professional trader, they will tell you no trading tool or expert can achieve these results. Trading financial markets is not this easy!
Remember, the demo account uses virtual money which is not real. What these scammers hope for is to entice investors into believing they can mirror the same results. By opening a real account, most investors are led to believe they can actually make over 98% successful trades. Prices are always volatile and change due to unforeseen circumstances. Boardroom wars, competition, and politics may change prices at an instance. Make sure to stay away from this broker.
How can funds be safe from a broker whose website is not fully protected? Lack of SSL encryption is proof we are dealing with a broker who can’t be trusted with funds. Another problem with security of funds is their banking policy. Where do they bank funds deposited by investors? It’s possible users are depositing funds straight to owner’s personal bank account!
Segregation of accounts is not done by this broker. In other words, SigmaForTrade is pooling funds in one single account which is extremely dangerous. Anyone who signs up with this broker should know their assets are not safe. Make the right move and stay away from this broker who is simply a hoax. By having no credible license and regulation, trusting this broker should be an issue. Stay away from Sigma4Trade and start making money the right way with the right tools.
Without a doubt, SigmaForTrade is a scam worth mentioning and should be exposed. Reasons not to trust this broker are endless, from lack of having a valid license to no security feature. Stay away from them and ignore any calls from their marketing team. Some of SigmaForTrade call agents are harvesting personal data information to steal from users.
In order to protect our readers and the entire trading community, we are adding this broker to our scam blacklist. With this, we are hoping relevant authorities will look into SigmaForTrade and shut their website down. Stay clear from this broker and always use industry recommended brokers.
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Finally, we wish you all the best in your Forex trading experience.
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