TrademoreproFX Review: Unprofitable Company

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TrademoreproFX Review: Unprofitable Company

TrademoreproFX is a company promising investors they will earn more. The venture allegedly minimizes the cost. They are dealing with CFDs and forex trading. Moreover, the entity claims it has tight spreads. Opening an account is a straightforward process. Some of the currency pairs available include; GBPUSD, EURUSD, USDJPY, EURGBP, and AUDUSD.

TrademoreproFX Review, Company

The platform has a referral program. If you help them get more clients, you earn a fat commission. There is no point in inviting your friends, colleagues, or relatives to a losing broker. They will hold you accountable when the company collapses. 

TrademoreproFX grants user bonuses. These may appear like lucrative opportunities to novice investors. However, you should note there are trading volumes you must execute for you to cash out. In most cases, the conditions are impossible to meet. Therefore, the broker gets to retain your money. 

The company is also dealing with crypto trading. All these assets are volatile. It is therefore impossible to know what you are going to generate. Ensure you read the terms and conditions keenly before signing up for any venture. Review

TrademoreproFX boasts it has won several awards. They were allegedly recognized for being the fastest-growing entity in 2012, offering the best customer service in 2013, and being the best ECN broker in 2014. In 2015 the broker was awarded for having the best Islamic accounts. In 2016 the scheme was also recognized for providing the best trading conditions, and in 2017 the venture was awarded for being the best ECN broker. 

The above statements are vague. For starters, the company does not mention existence using a separate name. After checking on, the data shows the website is barely a year old. The platform is only trying to appear reputable. 

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TrademoreproFX claims it is one of the leading forex enterprises on the market. They even have award-winning conditions. Unfortunately, the scheme lacks competitive conditions. They do not pose a threat to reputable brokers that have established themselves. 

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Trading Conditions of TrademoreproFX

Some of the listed trading platforms are; Metatrader4, cTrader, and MetaTrader5. Once you create an account, you can adjust the leverage and set various features. Users also have all their details on the website. You can check your history. TrademoreproFXpurports has a compatible trading interface. 

The bonus you receive won’t help you increase your account balance. Additionally, investors are not protected against negative account balances. Hence, you might end up losing more than what you initially deposited.

TrademoreproFX claims it does not charge commission. The company does not have a trading interface. We could not find a link to download any of the listed platforms. There is only a web-trader available. It does not have a superior advantage. You cannot trade automatically. The entity is targeting rookie investors. Those with inadequate trading skills are likely to fall for the ploy of the entity. 

The broker advertised a spread of 1.2. However, in another section, a statement indicates a spread of 0.2 pips. Offshore entities can never be this generous. They will charge a commission or start requesting taxation. 

The leverage information is 1:500. The limit can be profitable, but kindly note this is a double-sided sword when trading in high leverage. The losses can also be massive. The safety of your money should be your main priority. 

Withdrawal and Deposits 

The deposit and withdrawal are available via various methods. TrademoreproFX accepts a minimum amount of $100. The standard limit is $200, but reputable firms accept lower amounts. Nonetheless, the company cannot draw a line on the least amount it accepts. 

The Silver account indicates the minor capital requirement s $500. Given the broker lacks superior features, you are better off without them. Furthermore, the entity promises users a return of 50% every week. 

Clients can only cash in via digital currency. Forget about getting your money back. Crypto payments are irreversible. They favor fraudsters since you won’t know the account holder. Additionally, TrademoreproFX lacks legal documentation. We don’t know the minimum amount customers can cash out or the applicable fees. Expect the worst from this firm. 

Customer Support and Contact Details

The customer support is available in Chinese, Bengali, Hindi, English, Indonesian, Thai, Malay, Spanish, and Portuguese. You can only reach the support via email. This is not a convenient mode of communication. Traders should be able to call the scheme. Review, Testimonials

A company that expects traders to provide their details while they operate discreetly is dangerous. They will frustrate you and leave you high and dry. TrademoreproFX can exit the industry without notice. 

Scammers lack enough funds to hire a reliable team. Their sales rep are the ones who give you endless calls trying to convince you to deposit more cash. Once you heed their demands, they will cut all communication. 

Regulatory Status of TrademoreproFX

TrademoreproFX claims it has offices in the United Kingdom. The Financial Conduct Authority (FCA) is the country’s regulatory agency. It has strict rules for investment entities collecting funds from the public. The leverage permitted by the agency is 1:30. As you can see, what this scheme provides is way beyond the cap. 

The broker is on the warning list of the FCA. They have been collecting funds from investors without having a license. The platform has numerous red flags. Furthermore, it proves they are illegal, and entrusting your money to them will only lead to adverse outcomes.

A legit platform must deposit a particular amount of funds in its name. TrademoreproFX is also not reporting its daily trading transition to a regulatory body. If the firm faces bankruptcy, traders won’t receive compensation. They can also change the terms and conditions. The main problem with this broker is they do not even have legal documentation. 

Clients Reviews of TrademoreproFX

TrademoreproFX has a variety of false testimonials. The information indicates the broker executes trade swiftly. It also handles the withdrawal process without any delays. The information shows the firm is targeting Asian clients. 

The entity is only looking for ways to defraud innocent investors. They are using stock images. Nobody has earned it by using the website. Scammers publish false reviews to win over more victims. Some even pay marketers to promote their murky business. 

We recommend you look for reviews on third-party websites. The company cannot manipulate information from that end. After hours of reach, our efforts were unfruitful. The broker is infamous for having traits similar to Ponzi schemes. 

Final Verdict 

TrademoreproFX advertises attractive trading conditions. What the entity is offering is instant financial freedom. The problem is this is a fantasy that cannot be. Becoming a skilled trader takes time and practice. The broker is operating independently. 

It does not have a parent company. Additionally, the company is not working with a reputable financial institution. There is no segregation of funds. If you trade with a licensed crypto company, you won’t experience such uncertainty. Investment is all about fund safety. Moreover, there are thousands of genuine brokers you can try out. 

No, this is a venture that does not enough funds to hire a support

No, the entity is operating illegally.

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