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Trade 100 (Trade100.fm) is a brutal Forex scam platform planning to steal from any investor who makes deposits. Trade100 is another brutal broker who will not be left to tarnish the good Forex trading name. By exposing their inexperience and utter fraudulent scam tricks, we hope to enlighten investors. Stay clear from this broker as they have a bad reputation already. Reading this TRADE 100 review will open your eyes.
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After receiving numerous emails all complaining how this broker treats them, we had to investigate. What we found out was distressing to say the least. What this broker is doing is horrifying and should be exposed for their abuse. With many members left pondering about their next move, we hope to educate others about Trade 100. Dealing with such appalling Forex brokers should not happen in the Forex trading world. What makes brokers act this way?
There’s no reason a broker would steal funds openly from members. What happens is scam artists have joined the lucrative Forex band wagon and created a mess. They defraud members and create websites which look legit. In reality, these are cloned websites of other real brokers and investors should be wary. Trading with Trade 100 is highly risky and not recommended. By perusing through this review, you will get to know some of their dirty tricks. Let’s begin with their obvious trick.
Level Up Capital Ltd is the company claiming to be behind Trade 100. After conducting a thorough search using various registrars of companies websites, no results popped up. What this means is the company in question is not recognized anywhere on the face of the planet. These professional scam artists are posting fake details and using a random company name. And this is exactly what scam artists are known for. Creating a bogus statement after the fact! Want to know more?
Another revolting detail we found was how well they have managed to leave out names. Who is the actual owner of this website? Can we get the real names of the founding members of this website? What about the name of the CEO or CFO of Trade 100? Lack of these vital details is proof we are dealing with an appalling online investment platform. Any anonymous online investment platform should be treated with care. They are most likely acting as a pyramid scheme.
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Looking at the disclaimer at the footer of their homepage, there’s no mention of any license. After carefully sieving through their website, there are details regarding any licensing. What this means is we are dealing with a crooked broker. Lack of proper licensing means Trade 100 is unauthorized to conduct or offer any Forex services. Anyone who signs up with this broker should expect some harsh treatment. Taking such risks as opening an account with anonymous brokers should not take place.
Another upsetting feature with this broker is lack of a legal page. How do they expect users to learn about their credentials? It’s clear we are dealing with a broker who lacks proper certificates and documents. If Trade 100 is a legit broker, they would have posted copies of their licensing details. Furthermore, we learnt COSNOB; a well-known regulatory body issued a warning against trading with this company. Level Up Capital LTD is blacklisted by COSNOB for other scam related brokerage services.
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Trade 100 is a disturbing broker simply because they have rigged their own demo account. By rigging their demo account, users are led to believe false results. A rigged demo account produces over 97% successful trades. Even newbies who don’t have a clue of trading are making a killing with this demo account. It should be noted, these scam artists have done this for a reason. They simply want to make investors believe they can mirror the same results by opening a real account.
Account types which Trade 100 is offering include Basic, Gold, and Platinum. Sadly, there’s no information given regarding these accounts. Why have accounts with no details? It seems Trade100 is targeting all kinds of investors with their accounts. They want to ask each investor for a different minimum trading deposit. For them to steal funds, they will ask for high minimum deposit even for the most basic of accounts. Just know the industry set standard for minimum deposit is $250.
Trade 100 is using MT4 trading platform as their preferred tool of trade. After trying to figure out how it works, we determined their platform is unstable. Downloading this platform proved futile as it took long to complete the process. Download stalled at 54% which means we are dealing with a highly unstable platform. Unstable platforms have been the leading cause of attacks from hackers. Stay clear from any broker who offers an unstable and unsecured trading platform.
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When it comes to safety of funds, Trade100 is never going to safeguard funds. Their website lacks SSL Encryption which means they are easy targets for hackers. Secondly, they fail to openly reveal how they handle funds. Which banking institution do they use to store funds deposited by members? Is it likely members are funding the owner’s personal bank account? There’s no way funds are kept safe by an anonymous broker who is based offshore.
Segregation of accounts is another disquieting feature with this broker. As a rule which must be followed, Trade100 is openly breaking set industry rules. Pooling assets in one single account is extremely dangerous and risky. Members are not safe since Trade 100 is not insuring funds as they ought to. Compensating members is out of the question with this broker. Stay away from their fraudulent platform.
After carefully pondering with the evidence, its clear Trade 100 is a scam. Make sure to stay away from this broker or else face the consequences.
By adding this broker to our scam blacklist, we will be protecting our readers. Ensure you ignore all their promotional materials including affiliate programs. Mark all their emails as Spam and never click on any links sent.
Wishing you a safe and successful trading experience.
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