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Trendex Review: Trendex.co Furtive Forex Scam Exposed

Trendex Review: Trendex.co Furtive Forex Scam Exposed

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Trendex (Trendex.co) is another awful Crypto Currency and Forex scam to hit the trading world. With claims of being the trend of the profit, this is yet another online scam platform with no bearing. Numerous complaints are floating around the web with members claiming to be duped by this platform. Withdrawing funds is yet another issue with this bane online platform. Read this genuine and honest TRENDEX Review for more.

Trendex Review

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Trendex Review

Exposing these scam artists will ensure no one will fall victim to their tricks. What these scam artists are doing is targeting unsuspecting online investors. By exposing their dirty deeds, we will keep the online trading world free from these fraudsters. Make sure to use industry leading and trusted platforms for a safe trading experience. Any interaction with Trendex is simply a ticket to being scammed.

Trendex is another cloned website which is fooling investors into signing up. We can see why investors sign up with the platform since it has enticing design. Scam artists will do or say anything to make sure their platforms get recognized. They will use over the moon claims and promises just to get you deposit funds with them. Trendex is no different as they have claimed to put your investment to the next level. The problem with these claims is that they are all unfounded.

About Trendex

TRND HLDS Ltd Company is the company listed as the owner of this platform. What we gather is that the company is registered in Hong Kong. As we said earlier, scam artists will do or say anything to make sure their platforms appear legit. What scam artists have been doing is use companies which are already registered as their own. Make sure to check some of these tell-signs.

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Anonymity is another main issue with this platform as no one knows the actual owners. Trendex is operating with a lot of anonymity which is synonymous to scams. Who are the founding members of this platform? Why can’t we get the actual names of people running this website? Does the platform have any professional brokers on them? If so, who are they and why aren’t their names on the website?

Is Trendex licensed or registered?

Trendex is not licensed or registered to offer any trading services anywhere on the face of the planet. By posting a company’s registration number, they think investors will buy it and sign up. Get to sign up with platforms authorized by ASIC, CONSOB, CySEC, FCA, FSC, NFA, and SEC.

Another shocking feature with this platform is lack of any documents to prove their status. You would expect the platform to post copies of their license and registration for all to see. A genuine platform will post details of their license and registration details for convenience. It allows investors to confirm with regulatory bodies about the license status. With this platform, all we have is a number which is not backed up by any documents. What’s stopping these scam artists from posting the document proving their credibility?

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Advantages of Trendex

We could not come up with any advantage of trading with this platform. To start us off, this platform is anonymous and does not have any proper licensing materials. Scam artists are simply going to ensure the platform is full of enticing features. By exposing this wayward platform, we hope authorities will take note and shut it down. Trendex is probably an offshore based platform targeting European investors.

Disadvantages of Trendex

Accounts offered

Trendex Account Types

They are furnishing users with four different account types to choose from. Accounts are listed as Bronze, Silver, Gold, and Black. It gives scam artists a chance to ask for any deposit from unsuspecting investors. What you need to do is ensure you sign up with platforms which are offering reasonable features.

Activ8 platform

They claim to have Activ8 platform which fails to have DDoS protection and SSL encryption layer. Hackers can easily take advantage of this loophole and steal vital data. Your credit card and personal information is at risk once you use an unstable platform. Make sure to stay away from platforms which are unstable. With what we have seen, this is simply putting investors at risk from third parties.

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No Demo account

Without a working demo account, investors are signing up blindly. A demo account plays a vital role in giving investors a chance to check how the platform works. How fast is the platform when it comes to executing trades? What are some of the features to expect with the platform in form of tools? These are some of the reasons why you should insist on having a demo account.

Unresponsive customer support

If you haven’t noticed, they don’t  offer a live chat support team. They instead prefer to use emails which are one way communication. With emails, it gives these scam artists a chance to find out what the member wants. Once you send an email request regarding withdrawal, you will have your account frozen. No calls are going through as these scam artists change brokers every day. What we know is that they hire call agents to act as brokers to fool investors.

Are funds safe with Trendex?

Safety of funds is a major concern with this platform. Expect no compensation from this platform as they don’t participate in a compensatory scheme. Another shocking detail is that members are depositing funds straight to owner’s bank account. These are some of the main reasons why you should stay away from trendex. We also have a feeling the platform will close down soon after being exposed by a number of reviewers.

Is Trendex a scam?

Trendex Trading Platform

Evidence clearly shows we are dealing with a scam from China. These scam artists are targeting European investors as it becomes hard to locate the scam artists. Stay away from this platform and resist the urge to sign up. Once you receive a call from their call agents, don’t give out your personal information. It is possible this platform is in league with hackers to steal personal data.

Final verdict

We will be adding this platform to our scam blacklist and ensure no one falls for this scam.

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Wishing you a happy and safe trading experience.

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