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TradesCrypto Review: Tradescrypto.com Bullish Forex Broker Scam Shown

TradesCrypto Review: Tradescrypto.com Bullish Forex Broker Scam Shown

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TradesCrypto (Tradescrypto.com) is a CFDs and Forex brokerage scam site to hit the lucrative trading world. Trades Crypto is on the verge of being banned by regulatory bodies for irregular trading conduct. Complaints have been sent to us by users who have lost money with this broker. And that’s why we decided to conduct a thorough investigation regarding TRADESCRYPTO. Read this honest and unbiased review and know the whole truth.

TradesCrypto Review

TradesCrypto Review:

As with all reviews, we have to advocate that all these are facts that can be verified by you. Scammers are tarnishing the good Forex trading name and we must expose them. It’s sad that newbie traders such as Josh Brandon had to lose over $5000 with TradesCrypto. This review will reveal all the dirty tricks that these scammers use to trap investors. Afterwards, you will know better than to sign up with Trades Crypto.

Claims and promises are what makes a scam entice many people to sign up. Scammers know that we all want to make an extra buck or two. That’s why they have created a website that’s appealing to the eye. Don’t let this website fool you, there’s more than meets the eye. Folks, concrete evidence we will reveal later will prove otherwise. Signing up with this broker is signing a death wish.

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Who Owns TradesCrypto?

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Disclaimer at the bottom of the homepage shows that this broker is owned by MK TRADE-LTD. According to this disclaimer, this company is registered in Bulgaria. Folks, we simply cannot trust what this disclaimer says for various reasons. To start with, scammers will do or say anything to try and legitimize their products and services. What these fraudsters are trying to do is try to give credibility to their platform.

Who is the real person behind the mother company? Fraudsters always thrive in anonymity and this is a casing point. Why have they failed to mention the real names of people behind MK TRADE-LTD? Anonymity ensures that scammers don’t face any backlash from authorities as well as victims. That’s the real reason we don’t have even a name of anyone who works behind this platform.

Is TradesCrypto Licensed or Regulated?

TradesCrypto Scam

Another alarming detail with TradesCrypto is that they fail to disclose their licensing or regulation details. Looking at their homepage, there’s no information regarding licensing. Folks, this is clear indication that we are dealing with a professional scam outfit. Lack of licensing and regulation is proof that this broker is up to no good. They have failed to disclose their licensing number and registration number.

A real and legit broker would easily post details of registration. Brokers who are real always posts certificates and documents for everyone to see. Reason why this broker has not followed suit is because they have not been registered. And that’s why most European trade commissions are about to ban this broker. Later on, they will issue a statement to investors warning them about TradesCrypto.

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Account Types.

TradesCrypto offers three different account types to choose from. These accounts include Standard, VIP, and Premium accounts. Standard account holders must make a minimum deposit of 1000 EUR to start trading. Folks, this is a way too big an asking price considering the acceptable industry standard of 250 EUR. Premium account holders must make a minimum deposit of 10,000 EUR to start trading.

Their top account is the VIP account which requires users to deposit 25,000 EUR to start trading. All these accounts can be used with all trading platforms, this is according to their accounts page. Users can also trade with over 150+ Crypto Currencies with Trades Crypto. That said, there’s no clear advantage of one account over the other. It means that this broker is simply scaling for all types of users.

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Trading Platforms.

TradesCrypto uses web trader as well as mobile platform to conduct Forex trading. Claims that their web trader is smart and secure are not valid. To begin with, their website is not SSL encrypted. This means that their web platform can be easily hacked leaving users vulnerable. Claims of having a versatile and user-friendly interface are also not true, the platform is highly unstable.

Unstable platforms are easy prey for hackers who will easily steal credit card and personal information. It wouldn’t be the first time an unstable platform has been the root cause of users being hacked. Trades Crypto’s platform is clearly not secure and signing up will leave users vulnerable. Take this warning seriously before checking your bank account and find no balance, thanks to hackers.

Are Funds Safe with TradesCrypto?

TradesCrypto Fake Review

Funds are never safe with an unsecured trading platform. With this broker, once you sign up and deposit, that’s the last you will see of your money. Another disturbing feature with this broker is that they fail to disclose their depository bank. Did you know that users maybe depositing money straight to the owner’s personal bank account?

Another red flag we spotted with this broker is that they don’t segregate accounts. What this means is that they are pooling funds in one account. Folks, this is a dangerous practice as funds maybe lost instantly. If this broker faces bankruptcy or insolvency, users will lose all their funds at once. Worse still, this broker does not participate in a compensatory scheme.

No Live Chat Support.

Did you know that this broker does not offer live chat support? This is funny considering they offer Crypto trading services. With this day and time, one would expect a broker to have a live chat team. How do they expect users to contact them and have a one on one conversation? This is another clear proof that we are dealing with a Forex scam.

Contact us page asks users to simply give out their email and type a small message. Problem with email services is that they take long to get response. And this is another valid reason why this broker wants to remain anonymous. They don’t want to have a one on one discussion with authorities and victims. Folks, this is a classic scammer’s move that all online scams have in common.

Is TradesCrypto a Scam?

Evidence clearly reveals that we are dealing with a fraudulent Crypto currency broker. Ensure you don’t sign up with this broker as it will lead you to losing money. Mark all their emails as Spam and never click on any links sent by their email marketing team. Anyone who signs up with this broker will face what Josh is going through right now. Ignore all their incoming promotional materials in order to stay safe.

TradesCrypto Final Verdict.

TradesCrypto Scam Review

Evidence clearly shows that TradesCrypto is a scam that should be avoided. Only option we have is to add this broker to our scam blacklist. Make sure you warn your friends and relatives from signing up with this broker.

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Let’s finish up by wishing you all the best in your future Forex ventures.

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