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Tradelyn (Tradelyn.net) is another rotten Binary options and CFDs scam to hit the lucrative trading world. With claims of making a guaranteed 90% profit, investors have signed up without a second. Tradelyn is also offering users a referral bonus according to the type the referred user will sign up with. Members are already crying foul after payments failed to go through. Read this genuine and honest TRADELYN Review for more.
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With members posting scathing comments on social media platforms, we had to investigate. What looks like a real trading platform is nothing but a cloned website stealing from investors. To keep the binary trading world safe, such platforms should be exposed and authorities notified. Members are finding it hard to withdraw their funds as their accounts get frozen. Recovering any funds from this platform has become next to impossible as communication is shut down.
Professional scam artists will do or say anything to make investors sign up with their crappy platforms. And Tradelyn is following this trend as they have cloned a real trading website. These scam artists are using over the moon claims and promises to entice investors to sign up. NO professional expert or robot can guarantee such a high profit margin. The problem with Tradelyn is promising users this is guaranteed. Once you deposit $1000, they promise $900 in profit, every time, and that’s never going to happen.
According to the disclaimer at the footer of their homepage, the platform is based in New York. And this is the first red flag we spotted as the United Stated banned binary trading a while back. What these scam artists are after is making it appear like the platform is US certified. Investors will trust US based trading companies due to the strict regulations. Scam artists will use fake address to ensure users believe what they post. Luckily for traders, we have exposed this lie.
They claim to have a wide array of professional experts by their side. Why have they failed to mention the names of these professionals? The reason why these scam artists don’t mention names is the fear of backlash they would receive. With authorities and victims looking for vindication, scam artists will never admit fault.
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Since the platform claims to be located in the United States, you would expect regulation from US authorities. To confirm their license status, we reached out to the National Futures Association and SEC. None of the two bodies has ever heard of this platform which confirms our fears, Tradelyn is not licensed. Failure to comply with regulation means investors are at risk of losing their deposits.
A real trading platform will post details of their license certificates for all to see. In most cases, the platform will post copies of their license and registration documents. By doing this, the platforms show transparency and gives members a chance to verify the documents. And this is where we draw the line as the platform is hell-bent on stealing from users. Stay away from anonymous and unlicensed binary options signal providers.
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We could not come up with any advantage of trading with this illicit platform. From the look of things, members are angry with the turn of events. Who wouldn’t as the platform refuses members to withdraw the balance reflecting on these accounts. The platform is going to shut down soon as complaints will have reached concerned authorities. The website will no longer be able to steal from unsuspecting investors.
Tradelyn is furnishing users with four different account types to choose from. Accounts are listed as Starter, regular, premium, and executive. The problem with these accounts is using a referral bonus to trap more investors. These members end up losing money as well as their referred partners. Accounts also have similar features which makes us question the intent of this ridiculous platform.
You would expect the platform to have live chat support with modern technological advancement. The problem with Tradelyn is they prefer members to communicate via emails. Emails pose a challenge as they are one way communication channel. Response may take forever and it also gives scam artists a chance to know the intentions of members. Phone number listed on the homepage is a virtual phone number. The number is ever busy and no one picks it when it goes through.
Lack of a demo account is proof they are hiding something from members. Smart investors insist on trying out a demo account before committing to a real account. No one knows how the platform behaves in terms of speed of execution of trades. And this is why you must make sure to try a demo account first before opening a real account.
Investors are signing up blindly not knowing whether Tradelyn is using a custom made platform. Another disturbing feature we noticed with this platform is lack of proper security features. Lack of DDoS and SSL encryption is proof we are dealing with a rogue platform. Stay away as hackers can easily gain access and steal your credit card information.
Another shocking issue pertains to safety of funds with this platform. Since the platform does not segregate accounts, members are depositing funds straight to owner’s bank account. And this is where we draw the line as its clear Tradelyn is breaking the trading laws. Members should not expect any compensation as the platform does not participate in a compensatory scheme. With this being the practice of scam artists, we recommend you stay away from this illicit binary trading platform.
With evidence as clear as day, Tradelyn is a scam waiting to pounce on any one who deposits funds. Make sure to warn your family and friends from joining any of their affiliate programs. Never click on any links sent via their promotional materials. These are fictional brokers who want to steal funds from unsuspecting investors.
By adding this platform to our scam blacklist, our readers know what to expect with it.
Why not use brokers who have a solid online reputation? Sign up with credible and dependable brokers who have a proven trading experience. Genuine and trustworthy brokers will guarantee your safety when trading.
Wishing you a safe trading experience with top rated and recommended products.
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