TriGold (Tgsfx.com) is another CFDs and Forex broker scam to hit the lucrative Forex trading world. Tri Gold is purporting to be a global award -winning broker which is far from the truth. TRIGOLD is offering users an insane welcome bonus of $35,000 to a sign up incentive. With claims of offering tight spreads and competitive price quotes, we decided to investigate. Read this detailed and honest Tri Gold Review.
According to what we dug up, this brokerage firm was founded in 2015. TRIGOLD was founded by a group of foreign exchange market professionals. What these scammers have done is create a compelling homepage. Newbies will easily sign up with their website thanks to the images and posters. Being Forex professionals, we know better than to sign up with Tri Gold. There’s more than meets the eye.
Claims and promises are another bag of tricks that scammers use to entice users. Claims of having an unrivaled level of security and speed can be easily seen on their website. These scammers have made empty promises with the hopes that newbie traders will sign up. This review is meant to expose the dirty tricks used by scammers. Make sure to get the whole truth and stay clear of this bogus Forex platform.
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According to the disclaimer at the footer of the homepage, this platform is owned by TriGoldFX Company. Note that this brokerage firm is located in Hong Kong which means they are offshore. Offshore brokers are notoriously known for flaunting set industry rules and regulations. This is why we are against the use of TriGold by both expert and newbie traders. Stay clear from offshore brokers since they have a bad reputation.
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Have you noticed that the entire homepage fails to give information regarding the founding members? Why have they failed to mention even a single name of people who started this platform? It’s clear we are dealing with an anonymous entity which spells doom for investors. Anonymity is a dangerous character to associate with especially in the Forex trading world. Tri Gold should not be trusted for obvious reasons, being anonymous.
Claim on the disclaimer at the bottom of the page that this platform is licensed is a lie. Let it be known that National Futures Association does not associate with offshore brokers. They know too well that offshore brokers don’t pass the set industry standards. This broker has posted ID number 0518595 as their licensing number. Scammers will do or say anything to make their platform appear legit. Worse is the fact that they claim that the NFA is the body that issued registration.
How comes that they fail to post the necessary registration certificates and documents? A real Forex broker will post their credentials for everyone to see. This helps users and investors to verify with regulatory bodies. On the other hand, it helps to show accountability and transparency. Why has TriGold not posted their certificates? This broker does not have any legal registration documents to prove legitimacy.
Another red flag that we spotted with TriGold is the fact that they have rigged their demo account. A rigged demo account is simply an account that makes over 90% successful trades. It means that we are dealing with a broker who is faking the results to lure investors. With these high win percentages, users are fooled to believe they can mirror these results. And this is when they are tricked into opening a real account.
Opening a real account with Tri Gold in the hopes of mirroring demo results is a pain the back. Their real account is totally different from the demo account as users are bound to lose. This broker is in league with other rogue brokers to share the spoils, your deposits. Anyone who signs up with this brokerage firm will lose money without a doubt. Best thing is to stay clear from any calls of signing up.
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When it comes to their preferred trading platform, TriGold is using MT4 trading platform. In order to test how well their platform worked, we decided to download it. And this is where we encountered our next red flag. Download stalled at 58% which means only one thing, we are dealing with an unstable platform. Unstable platforms are the last thing you want with a broker. They leave users vulnerable to attacks.
Unstable platforms have been known to be a perfect breeding ground for hackers. Hackers find unstable platforms to be a perfect place to gather personal data. Credit card information can be stolen from unstable platforms and the rest is history.
If you haven’t noticed, this broker fails to give users strategic information. Which institution do they use to bank money deposited by users? Lack of this information leads us to believe we are dealing with a rogue Forex broker. It’s also possible that users are depositing money straight to the owner’s personal bank account.
To add salt to injury, this broker does not segregate accounts. This means that TriGold is pooling funds in one account. In case of bankruptcy or insolvency, this broker will lose members funds all at once. This broker does not participate in a compensatory scheme. And it seems that this broker is selling personal data such as emails to hackers. Stay away from Tri Gold.
What we also found odd with this broker is the fact that there’s no lice chat support. With claims of being a global award winning broker, they don’t have a live chat support. How comes they don’t have a live chat support with all their claims of being professional? It seems that all what this broker wants is to remain anonymous. And the reason of remaining anonymous is to stay away from prying eyes.
Best thing to do is to stay away from Brokers who want to remain anonymous. TriGold is one of those brokers who simply want users to sign up and deposit money with them. Stay away from rogue brokers who are full of anonymity.
With every hair on our body, we believe that this is another Forex scam. Make sure to warn your friends and relatives from signing up with Tri Gold. Mark all their emails as Spam and never click on any links sent by Tri Gold. It has come to our attention that these links contain harmful malware that steal personal data. Best thing to do is to stay away from this broker; all they want is to steal your money.
Only available option left for us is to blacklist this broker on our scam list. Stay clear from this broker and never involve yourself with these scam artists. Plus, try and ignore all attempts and calls to sign up by agents who masquerade as agents. This will surely help you stay away from these brokers.
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Lastly, we wish you the best in your future trading experience.
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