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TCO Trade Review: Tcotrade Forex Scam Exposed

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TCO Trade Review: Tcotrade Forex Scam Exposed

TCO Trade (Tcotrade.com) is another crude and disgusting Forex trading scam ripping off potential investors. TCOTrade is claiming to be the best trading platform giving users great possibilities. With a moving and enticing website, investors signed up not knowing the truth behind this platform. Victims of this scam are coming out with detailed events of how they lost their funds. Read this genuine and honest TCO TRADE Review for more.

TCO Trade Review

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TCO Trade Review

Our help desk has been receiving numerous email complaints from victims of this platform. Once they deposited funds, their attempt to withdraw has become a major pain. No user has been able to withdraw funds with some claiming to have their accounts blocked. The problem with these accounts is having balance reflecting and not able to gain access. These are scam tactics and we hope to expose those underneath. Make sure to go through this review as we reveal some dirty tricks used by TCO Trade scam artists.

By posting over the moon claims and fake promotional videos, their goal was met. To entice users into signing up by believing they would make easy and quick money. These scam artists have cloned a trading website and fooled users into depositing funds with them. And this is where traders go wrong as they sign up with entities without conducting research. A smart investor will make sure to read reviews from a trusted source to know more. What is wrong with this trading platform?

About TCO Trade

According to their contact page, the website claims to be located in London, UK. Scam artists are known to use random location details to throw off would be victims. By having London as their base of operation, they fool investors from the European region. A platform based in London is thought to be regulated and offers genuine services. And this is why scam artists prefer to use such a location. In real sense, these are offshore brokers based elsewhere, and the proof is here.

Anonymity is key to ensuring scam artist are never caught. Have you noticed that no name has been posted on their entire website? We don’t know the actual names of the founding members of this platform. No one knows the people who are running the show. And this is where we raise our first red flag. With an anonymous website, trust is an issue as recovering funds is next to impossible.

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Is TCO Trade licensed or regulated?

TCO Trade License and Registration

With any platform based in the UK, you would expect some regulation from UK Forex governing body. The Financial Conduct Authority has no broker or platform licensed under this name. A search done on their registration search page reveals no broker with this name. And here we have our first concrete proof we are dealing with a quack. These are scam artists who will go to any lengths to steal from unsuspecting investors.

Why have they failed to post any license and registration number on their homepage? This is another sign we are dealing with an unregulated broker. These scam artists will without a doubt steal funds and make it hard to recover it. Without a valid trading document to prove their regulatory status, TCO Trade is a scam. Stay away from it or else face the risk of becoming their next online victim.

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Advantages of TCO Trade

None! We could not come up with any trading advantage of using this illicit platform. How can there be any trading advantage with negative comments floating around the web? These are professional scam artists who have cloned a trading website just to fool investors. We hope that by exposing them, authorities will take wind and shut down their website. The only way to stop them is for authorities to investigate them and dismantle this website. No advantage seen since all it does is steal from investors.

Disadvantages of TCO Trade

Account types

TCO Trade Trading Accounts

TCO Trade is not furnishing users with any type of account types. We also don’t know the actual minimum deposit required to start trading with this platform. Stay away from this platform as without account types; no one knows the features involved. TCO Trade is coercing investors to sign up and yet, no information on leverage and spreads is available. Does TCO Trade sound like a true trading platform? NO!

Customer Support

When you want to communicate with this broker, you have to send them a message via email. The problem with emails is that they are one way communication channel. These scam artists may never respond to your email depending on the message at hand. We have noticed that the platform only responds to depository questions. And this is why you must stay away from this illicit trading platform.

Deposit and withdrawal

TCO Trade is shrouded with mystery as the website does not offer any details regarding account funding. The problem with this process is that the account in question is a private account. Users are depositing funds straight to owner’s bank account. Withdrawing funds is also a huge problem as no one has come forward with proof of ever withdrawing funds.

Security of funds with TCO Trade

Safety of funds is not guaranteed by a platform which fails to have adequate security features. Lack of DDoS and SSL encryption on the platform is proof we are dealing with a scam. Ensure you sign up with leading and trusted Forex platforms which offer compensation when disaster strikes. These are mere scam artists who have nothing to do with real trading services. Your credit card information is at risk of being stolen by TCO Trade.

Scam or legit

TCO Trade Trading Platform

Evidence is certain that TCO Trade is a scam waiting to pounce on unsuspecting investors. Make sure to mark all their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from signing up with this illicit platform. With the above evidence, it is clear the repercussions of signing up with this bane platform.

Bottom line

We will be adding this platform to our scam blacklist and ensure our readers stay informed.

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Wishing all investors a happy and safe trading experience.

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