Tradelyo (Tradelyo.com) is a CFDs and Forex broker scam that plans to steal money deposited with them. TRADELYO is simply another Forex scam that we plan to expose for their dirty activities. According to the website, investors are asked to join the millions already trading with Tradelyo. That’s why we decided to conduct an investigation to find out why millions have signed up. Read this detailed and honest Tradelyo Review.
What we first discovered as our first red flag was how the website has been created. Website is simply, not worthy the hype of having over millions trading with it. Homepage is dull and has no visual appealing content. That’s not all; we believe that this platform is being run by amateur scam artists. There are a lot of more that we will reveal with this broker. Read this entire review and find out more.
Claims and promises are another bag of tricks that scammers use to entice users. This website is full of empty claims and promises posted just to catch your attention. Claims of offering a perfect environment for trading financial products are pure crap. Promises that users will be able to trade like pros are also unreal. These are some of the many promises that scammers use to entice users into signing up.
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According to the disclaimer at the footer of the homepage, TRADELYO is a trading name of TS OU. This company is based in Estonia and this is just what they claim, no proof at all. Scammers will do or say anything to get attention. Fact of the matter is this that the broker in question fails to give vital information. Who is the owner of the mother company named in the disclaimer? Lack of this information is wanting.
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Who is the CEO or CFO of this company? Why has the website failed to mention the actual founders of this brokerage firm? With this in mind, it’s clear that we are dealing with a broker who simply wants to remain anonymous. That said, we can’t trust anything this homepage says, not even that the company is based in Estonia.
Tradelyo is not licensed or regulated by any known regulatory bodies or commissions that we know of. What’s interesting is that the disclaimer fails to give any information regarding licensing or registration number. This means that anyone who signs up will be dealing with an unregulated broker. Tradelyo is not authorized to conduct any Forex business on behalf of any third parties. Stay away from this fraudulent Forex broker now!
Where are their registration credentials to prove that they have been licensed? A real broker will easily post their registration documents for all to see. This broker has failed to do this simple gesture to prove validity. It goes without saying; a broker with no documents is simply a scam platform. Posting of documents implies that regulatory bodies have mandated you to conduct Forex transactions.
According to the homepage, this broker uses MT5 trading platform on their site. This platform is purely web based and they have no mobile or desktop version. In order to test their platform, we had to sign up and see how their platform works. This means that their website leaves users open to attacks.
An unsecured platform means that it’s highly unstable. Hackers find these unstable platforms as easy prey to steal credit card information. That’s not all; these hackers steal personal information and use it on other hacks on the web. Once you sign up with this broker, expect that soon or later, your bank account will be swept clean. Tradelyo is in league with hackers to steal personal data for online bank fraud.
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Another scary fact with this broker is that they claim to offer 24/7 support. This claim of having a team that’s always standing to assist traders is a lie. If this is the case, where is their live chat support tab? Have you noticed that the website does not have a Contact us page anywhere? How then do they expect users to make contact?
It’s clear that we are dealing with a broker who simply wants to remain anonymous. Claim to be available at all times and actually never being there. These scammers are afraid of the backlash they would face from authorities and victims. This is another valid reason as to why you shouldn’t open an account with this sleazy broker.
Honestly, funds are never safe with a broker who is trying as best as possible to remain anonymous. Why have they failed to name institution used to bank money deposited by users? This is simply a fraudulent broker who just wants users to sign up and deposit money. Did you know that investors maybe depositing money straight to the owner’s personal bank account?
Another disturbing detail with this broker is the fact that they don’t segregate accounts. It means that Tradelyo is pooling funds in one account. Compensation is not in the picture with this broker, they don’t participate in a compensatory scheme. Those reasons are valid to stay away from this fraudulent broker.
Depositing money with this broker has been made easy for obvious reasons. This broker wants every investor to have easy time depositing money with Tradelyo. Depository channels available include Visa, MasterCard, Bank transfer, and others. Deposit takes less than five minutes and this is what scammers want. Get your money in a quick and easy way with your approval. There’s more to the story than meets the eye.
When it comes to depositing money, that’s where the main problem is. Members have not been able to withdraw money using this platform for a number of reasons. Top excuse given when one wants to withdraw money is unacceptable. Simply, this broker wants to remain with your money.
Tradelyo is another Forex scam to hit the lucrative Forex world. This broker simply wants to earn money the wrong way. Make sure to mark all their emails as Spam and never click on any links sent. This is a sure way to make sure that these fraudsters won’t make a living with your money.
Only option we are left with is to add this broker to our scam blacklist. This will surely protect any newbie investors from falling into this trap.
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Finally, we wish you all the best in your Forex trading activities.
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