TradeGL (Tradegl.com) is a CFDs, Crypto Currency and Forex broker scam that’s waiting to pounce on unsuspecting investors. Trade GL is claiming to offer the best trading experience in years. TRADEGL is simply another Forex brokerage scam that just wants to rip investors off. Here, we will reveal all the dirty tricks Trade GL is using to scam investors. Read this detailed and honest TradeGL review to get the truth.
What these scammers first did to lure users is create a website that looks legit. With their Bitcoin image at the top of the homepage, one would easily believe this is a true brokerage site. Don’t let the looks fool you, there’s more than meets the eye. This is what these scammers are after, to grab your attention with the first glance. Luckily, we are here to reveal why TradeGL is a Scam that should be exposed.
Claims and promises are what make a scammer sign up as many investors as possible. With empty claims and promises, this broker has set the standards for stealing funds. Promise users will make money with this broker are lies. It’s clear that once you deposit money with this broker, that’s the last you will hear of it. Comments have been floating all over the web about how users have been conned by TradeGL.
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According to the disclaimer at the bottom of the homepage, Silver Wolf Limited owns this firm. This firm is registered in the Marshall Island which means that we are dealing with an offshore broker. Offshore brokers have a bad reputation of stealing funds from users, TradeGL is no different. Another problem we have with ownership of this brokerage firm is what the firm page reports. There’s a huge anomaly with ownership of Trade GL.
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Firm page clearly reads that this firm is run and operated by Tradegl Limited. They claim that this firm was founded and distinguished by professionals and business minded individuals. Why have they failed to give us a single name of people behind this trading platform? It’s clear that we are dealing with a professional scam outfit. Lack of names means owners want to remain anonymous for obvious reasons. They want to steal money and leave no evidence.
There’s no proof that TradeGL is licensed or registered anywhere on the face of the planet. If this broker was licensed, they would have easily posted their licensing details at the footer of the homepage. Only number we see is the registration number of Silver Wolf Limited at the bottom of the disclaimer. Note that this number has been used by other scam products which mean it’s a random number. No one should trust what this homepage reads or says.
If Trade GL has been properly registered, where are their registration certificates and documents? A real broker will easily post their registration certificates and documents for everyone to see. This shows authorization as well as transparency with a broker. Lack of these documents means we are dealing with a fake broker. It has to be reported that anyone who signs up with Trade GL is opening themselves up to safety issues.
According to the information shown, we are dealing with a broker who uses MT4 trading platform. In order to test how well their platform works, we decided to download it and see for ourselves. And this is where we faced our next hurdle with this broker. Download stalled at 18% which spells doom for users. What this means is that traders are using an unstable platform which leaves them highly vulnerable.
An unstable platform leaves users vulnerable to attacks from hackers. Hackers find unstable platforms as easy prey for credit card information. They take over unstable platforms and steal credit card information. Next, they target banks with account numbers listed on these credit cards. This is surely a dangerous platform to use.
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According to the homepage, this broker has three different account types. These accounts are Standard, Gold and VIP. For a standard account, minimum required deposit is $1,000 to $2,499 to start trading. Gold account requires a minimum deposit of $10,000 to 24,499 to start trading. VIP account comes with a whopping $25,000+ to start trading with these accounts. Problem with these accounts is lack of proper information.
Another disturbing detail we found with the homepage is that it has two other different accounts. Mini account and Silver account. Minimum deposit with Micro account is $500 to $999 to start trading. Silver account does not have any details. Why would a broker have accounts and not give details regarding their features? This is really unprofessional from TRADEGL.
Have you noticed that they fail to disclose vital information regarding banking procedure? Where do they bank money deposited by users? Lack of this information means that there’s something fishy going on. Did you know that users maybe depositing money straight to the owner’s personal bank account?
Another disturbing feature with TradeGL is lack of segregation of accounts. This means that Trade GL is pooling funds in one account. And this is extremely dangerous in that the broker can lose this money in an instant. Trade GL does not participate in a compensatory scheme.
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TRADE GL has gone a step further and rigged their demo account. A rigged demo account simply makes users get over 90% successful trades. Make sure you don’t try out their demo account as it will produce overwhelming results. Making over 90% successful trades is not going to happen in a real account. These scammers simply want your money.
Furthermore, this broker wants to make it appear that Trade GL can actually make money for you. That’s why they have rigged their own demo account. Stay clear of this broker as they simply want to take away your money.
Evidence that has been brought forward clearly reveals that we are dealing with a scam outfit. Make sure you mark all their emails as Spam and never click on any links sent. Warn your friends and relatives from signing up with this lame Forex broker. This is the only way to guarantee your safety when dealing with fake brokers.
Only option we are left with is to add Trade GL to our scam blacklist. With this done, authorities will investigate and hopefully, shut down this website. Make sure never to trust anything this website says. Stay clear from signing up with Trade GL. Make sure you avoid picking any calls from their marketing team.
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Finally, we wish you all the best in your Forex trading experience.
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