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Trade Idea Review: Tradeidea.co Forex Scam Exposed

Trade Idea Review: Tradeidea.co Forex Scam Exposed

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Trade idea (Tradeidea.co) is another bane CFDs, Cryptocurrency, and Forex scam to hit the trading world. TradeIdea is professing to give traders alerts from the world’s top experts. With a moving homepage, it is easy to be fooled by these scam artists. Members who signed up are now crying foul after having their accounts blocked with no reason issued. Read this genuine and honest TRADE IDEA Review for more details.

Trade Idea Review

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Trade Idea Review

We have been receiving numerous complaints from members of TradeIdea. Most of the complaints centered on the fact that no withdrawals take place. Once you deposit funds with this platform, it is the last you will see of it. Users have no control of their accounts which is a bit odd. You would want a platform which gives you full control of your funds no matter the cost. And this is a loophole these scam artists are taking advantage of. Your deposits are in their hands and there’s nothing you can do about it.

Professional scam artists will usually come up with cloned website to fool investors. Your chances of making money are diminished once you deposit funds with such a website. And this is what Trade Idea is all about. You can easily be deceived by their homepage which shows a trader placing trades. These are sales pitches meant to entice newbies and unsuspecting traders to sign up. Stay away from this platform and never sign up with their sleazy affiliate programs. A warning has been issued.

About Trade Idea

Looking at their about us page, there’s no information regarding the company behind it. We see no information regarding the trading history of Trade Idea. And this is a sign we are dealing with an anonymous website. The website has no contact details which is proof we are dealing with a hoax. Why would a platform hide such relevant information to users? Only scam artists who don’t want to be exposed. Make sure to keep away from this platform and never associate yourself with any of their call agents.

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Anonymity is a dangerous partner to associate with especially with online investment platforms. Trade idea is an anonymous website with no legal bearing. No one seems to know their actual base of operation which is a weird. As an investor, you would want to contact your platform for any queries at any time. Scam artists will do anything in their power to ensure contact is minimal. Stay away from this platform as no broker has come out and claimed association with trade idea.

Is Trade Idea licensed or registered?

With an anonymous trading website, you don’t expect it to be licensed. We checked with various regulatory bodies for confirmation. Some of the institutions we reached out to include ASIC, CySEC, FCA, NFA, and SEC. None of these bodies has ever licensed or regulated Trade Idea. And this is proof we are dealing with a hoax. Platforms such as this one tend to open shop and close shop as soon as they open. Investors should only sign up with industry recommended and registered platforms.

Looking at their website, we see no documents to prove their licensing status. You would expect a real trading platform to have valid documentation. Lack of these vital credentials is proof of an unregulated platform. With such platforms, security of funds is never guaranteed. Never expect any compensation when the platform winds up. Stay away from this platform and never think of opening an account with them.

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Advantages of Trade Idea

No advantage can be seen with a platform which is anonymous in nature. How can there be an advantage of signing up with a platform with no track record? Trade Idea is not opening up to users in terms of credibility. No contact details can be seen on their entire website which is creepy. With today’s technology, you would expect the platform to even offer Google maps to their location. Only scam artists hide such vital information as they know what they are planning.

Disadvantages of Trade Idea

Account types

Trade Idea Account types

Trade Idea does not furnish users with any account types on their platform. We don’t know how users are operating with this platform. Another problem with the platform is lack of credible information regarding minimum deposit. These scam artists will take any amount from anyone who deposits with them. Trading rules has recommended $250 as the acceptable minimum deposit. Victims of this platform claim to have received calls from agents asking them to deposit upwards of $5,000.

Customer Support

As we said earlier, TRADE IDEA is shrouded with mystery as no contact detail is given. The entire platform has no email address or phone number posted as a means of contact. When traders register, they give out their contact details and the so-called account managers make contact. Account managers will constantly harass members with calls urging them to deposit more funds. What these managers claim is that you are likely to get more profit when you deposit more. And this is a lie.

Demo Account

No demo account is available with this platform. A legit platform should have a demo account to help give users a chance to test how the platform works. With no demo account, users are signing up blindly. No one knows the leverage or type of spreads available. You should ensure you try out a demo account before committing to a real platform. These are clear details as to why you should stay away from Tradeidea.

Trading Platform

Another issue we found with this platform is in relation to their trading platform.  And this is a problem as their platform lacks basic security features to protect investors. Lack of DDoS and SSL encryption is proof we are dealing with a sleazy platform. Ensure you stay away from this platform and never sign up with their untested trading platform.

Safety of funds with Trade Idea

When it comes to safety of funds, Trade idea has no idea of safeguarding funds. Without proper security apparatus, hackers can easily take over this platform. With no accounts in place, segregation of accounts does not take place. Members of this platform are actually depositing funds straight to owner’s personal account. Ensure you stay away from this platform and never sign up with any of their affiliate programs. Your funds are never safe with an untested trading platform.

Scam or legit

Trade Idea Trading Platforms

With the platform having no legit trading license, we can safely conclude Trade Idea is a scam. Ensure you stay away from this sleazy platform as it is proof we are dealing with a hoax. Mark 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 their affiliate programs. These are scam artists who just want to pocket your hard earned money.

Final thought

We will be adding this platform to our scam blacklist and ensure no one else falls for this trap. Stay away from this platform and never give them access to your contact details.

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Wishing you all the best in your trading experience

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