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Sylver Trading (Sylvertrading.com) is a broker who claims to have 13 years of trading experience. SylverTrading is on record to be just over six months according to a trusted domain register. The platform claims to offer expert analytical reviews coupled with cashback. Members have been promised a bonus for routine operations. They also claim to help investors earn money from the Forex market without making trades. Read this genuine and eye-opening SYLVER TRADING Review for more on this ridiculous broker.
The homepage sells the broker as the go to platform for anyone wishing to make money. They even claim to guarantee returns of up to 1,872 percent. Other notable claims we found include having over 110,000 investors. They also claim to have over 16,000 ST accounts under their belt. From afar, one might think Sylver Trading is the perfect broker, you would be dead wrong. The platform is a cloned website and we have proof. These are offshore brokers looking to trap unsuspecting investors.
At the bottom of their homepage, there is a video from another scam. These scam artists have copied a YouTube video from a binary scam on their website. Sylver Trading is not offering binary trading and yet, have a binary trading sales page. The video is from Finpari binary options trading scam. With this proof, we urge traders to conduct a search before signing up with a broker. Another better alternative is to use tested and trusted brokers recommended by trading experts. With reliable brokers by your side, chances of making reasonable profit margins increase.
Sylver Trading is claiming to have opened its doors in 2006. They claim to have made strides becoming one of the world’s leading brokers. These are false claims as no broker in the United States has ever heard of them. Most traders are shy of the platform as they know it is a scam. Anonymity is what makes the trading platform a huge mess. These scam artists will do or say anything to try and make their platforms appear legit. And this is a good reason to stay away from it.
They claim to be located in San Francisco which is the only a roost to throw off prying eyes. We did conduct a check with the help of brokers and traders in the California Vicinity. There is no platform with this name that exists. These are scam artists who are looking to steal from American and European investors. The most likely scenario is this broker is using anonymity to ensure recovery of funds is next to impossible. They are not offering any trading services to anyone.
Another problem we spotted with Sylver Trading is their false contest. Scam brokers will use contest and prize money to entice investors and traders to sign up. They claim to have a total of $100,000 in prize money which is listed as 2018. Another false statement is having over 168 prime winners every month. They have jumped the gun by claiming to offer demo users $8,760 in prize money.
According to the trusted domain register whois.net, the website was recently created. Data shows sylvertrading.com was created on 17th September 2019. It makes the website barely six months old. The claim of having over 13 years of trading experience is quickly thrown out of the window. These are scam artists who will do or say anything to try and make their platforms appear legit. And this is a good reason why everyone should avoid anonymous platforms with sleazy websites.
After checking with regulatory bodies in the United States, Sylver Trading is NOT LICENSED OR REGULATED to offer any trading services. Both the CFTC and NFA have no record of such a broker existing in their records. Deposits made with this platform are not insured as dictated by trading regulations. It is best to stay away from illicit trading platforms as authorities will soon shut them down.
Sylver Trading is furnishing members with PAMM account types. With this type of accounts, traders give control of trading to other traders. A member invests funds in the accounts of traders. Members receive a percentage of profit from trading with the brokers. The accounts could be helpful if in capable and experienced hands. Sadly, the platform is commingling which means depositing funds is risky. Stay away from any of their PAMM related products as they are a plot to fleece investors’ funds.
The platform also claims to have a paying affiliate program. According to their affiliate program’s page, members get a commission from every trade clients make. These affiliate programs are created to help scam brokers get more victims. Investors should be wary of such platforms which offer insane affiliate programs. When push comes to shove, members will be seen as accessories to online fraud. It is best to stay away from affiliate programs of unregulated platforms.
Sylver Trading is using a bot service to act as live chat agents. The problem with bot services is they never help answer important queries. Traders are often asked to leave their contact details and wait for an expert to call. These scam brokers are harvesting data with their chat bot channels. They will ask visitors to leave email and phone contact. Later, members get promotional materials on their emails regarding other scam products. And this is why everyone should stay away from this platform.
Deposit and withdrawal channels listed on the homepage are several. They include Bank Transfer, eBanking, FasaPay, MasterCard, Neteller, Visa, and others. Scam brokers will have all the necessary depository channels; they want an easy depositing experience. Withdrawing funds with this platform is another story. None of the 110, 000 investors has proof of ever withdrawing funds with this platform. And this is where we draw the line as it is not a trading platform but another online scam.
Another proven false claim posted on their website is the testimonials. They are all from successful business moguls. Some of the names listed include Bill Williams and Caleb Frost. These scam brokers have used the images of well-known investors to act as their ambassador. In reality, these business moguls don’t have a clue their image is being used to scam investors. And this is another proof Sylver Trading is a rogue trading platform. A real proof of a celebrity endorsing a platform is via videos.
Sylver Trading is claiming to offer MT4 and MT5 trading platforms. After a closer check from one of the victim’s screenshot, the platform is using a web terminal. Most custom made platforms fail to have proper security features such as DDoS protection. Another missing feature is SSL encryption which puts members at risk. Hackers can easily shut down the platform and steal credit card information.
After reviewing all the facts, it is clear Sylver Trading is not securing members’ funds. Without proper security features, segregation of accounts is not taking place. Another disturbing feature with the platform is pooling funds in one account. Members have been depositing funds straight to owner’s personal bank account. And this is proof we are dealing with a well-organized scam professional. It is best to stay away from the platform and use recommended and transparent trading products.
With the evidence on our hands and on their website, Sylver Trading is a scam. Stay away from any of their affiliate programs or contests. Warn your family and friends from joining any of their affiliate programs. And this is proof no one should sign up with this platform. The end results will be losing your funds and putting your bank account details at risk. Stay away from such platforms which offer insane promises and won’t deliver.
Adding this platform to our scam blacklist will ensure no one else falls for their trap. These are scam brokers who will stop at nothing to get your account.
Stay safe and use industry accepted and reliable Forex trading robots at all times.
We wish all traders a happy and successful trading period.
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