WayofTrade Review: an Expensive Scam to Keep Off!

WayofTrade Review: an Expensive Scam to Keep Off!

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WayofTrade is a platform that is being promoted widely on social media. The company has gone to a further mile of using false reviews to win over clients. Unfortunately, there is nothing exceptional regarding this entity.

The entity is a total rip off that is targeting naïve traders. The company claims that your money will work for you. All you need is to register with the entity. The platform states that they want to help traders achieve their financial freedom.

Invest with legit forex trading brokers that are legit. Your money and data will be secure. You can as well read their positive feedback from investors who have ventured with them. You money safety should be your main focus.

WayofTrade has characteristic of fraudulent schemes. The entity is allegedly focused on providing better services to their clients. Unfortunately, once you cash into this platform, you will only make loses.

The platform has educational services for its customers. Additionally, they claim that their team conducts thorough research on behalf of their customers. Their website is a clone of another Ponzi scheme in the industry. Review

WayofTrade is trading forex, cryptocurrencies, indices, commodities, bonds, and EFTs. The company states it has professional account managers to help investors trade. The entity speaks highly of itself without any verification.

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The trading venture does not offer funds safety to its clients. You might read positive remarks praising the company. However, note that the platform is nothing but a scam. There are no available methods to verify the claims left behind by their marketer.

WayofTrade Review, WayofTrade Company

WayofTrade will not survive long in the market. Investors will wake up one day and find their website down. There is no proof of trading activities taking place. We would love to see the trading results of this venture.

Sharing personal data with this suspicious broker will land you into trouble. Once the scammers close down one of their platforms, they will come back using a new domain name. Therefore, they will use your info to trick you into venturing with them.

Considering that scammers are professional con artists, they will use your financial crises situation to lure you. Unfortunately, once you give them money, you cannot recover the amount. The only way to stop these fraudsters is by staying away from their operation.

Ownership of WayofTrade

The forex broker entity fails to disclose the corporate that monitors their activities. The company is a fully anonymous venture. They only brag of having the best team in the industry. Unfortunately, there is no available data to verify their claims.

Whoever is behind WayofTrade does not want to blow their cover. It is enough proof that they are involved in fraudulent activities. If at all, they have nothing to hide, the platform would be transparent.

The Domain Insight was registered on December 2019. The company expects to be in operation for a period of one year. The information of the founder is private. They have low traffic which is another red flag. Avoid this broker at all costs.

Trading Conditions

WayofTrade allegedly has a demo account for their customers. Unfortunately, it is hard to access this information. The currency pair of EURUSD is has a spread of 0.3 pips. Their leverage is 1:200. The company is offering an excellent opportunity for traders.

However, their legitimacy is in question. It does not matter what lucrative offers they provide. Chances of investors not being able to cash out are very high. Invest wisely with legit companies in the market.

Withdrawal and Deposit

WayofTrade has a suspicious way of operation. The company fails to disclose the minimum amount which investors can deposit in their system. Additionally, the platform payment method is not accessible to the public.

Investors need to email the platform if they want to venture with this entity. Therefore, the company will guide them on the way forward. The shady broker lacks transparency. They should have a standard figure visible to the public.

Based on the information WayofTrade feature on its website, we can see that the entity minimum deposit is $10,000. The amount is beyond the market standard. Moreover, considering that they do not avail sufficient data regarding their trading activities trusting them is a blind move.

Expert traders would never risk their safety in such a shady broker. The entity does not include the minimum amount that investors can cash out. Additionally, we do not know if they are charging withdrawal fees. Nonetheless, the entity features withdrawal methods that you can use.

The withdrawal requests will be processed within 5 days. The trading company might have hidden charges which they do not disclose to the public. Investors need to be keen when dealing with unlicensed companies in the market.

WayofTrade Contact Details

WayofTrade is allegedly based at 65 Clifton St Hackney, London, UK, EC2A 4JE. They also feature a telephone number and an email address that you can use to contact them. However, this entity is not located in the UK.

The venture is an offshore firm that has no intention of making anyone rich. It is hard to tell whether their support is responsive. Fraudulent entities will only be friendly when they want more money from you.

Sadly, they will not process your withdrawal requests. Once you refuse to deposit more funds, they will cut communication with you. The best thing is to deal with regulated brokers as they treat their clients professionally.

WayofTrade Regulation

WayofTrade claims that it is based in the UK. This entity is operating on its own accord. The Financial Conduct Authority will never license a shady entity like this one. The forex broker is accepting investors from all over the world.

Unfortunately, they do not offer fund safety to their clients. Trading with an unregulated broker exposes you to numerous risks. The best thing that you can do is to invest with reputable and licensed companies.

Once WayofTrade ceases to exist, traders will not be able to trace back their money. Additionally, there is nothing that you can do because the entity is anonymous. The authority will not also come to your rescue.

Clients Feedback

The trading broker has multiple positive reviews on various website. There is one big problem with the information that has been left behind. The testimonials are cherry-picked all of them rating the platform with five stars.

The individuals praise WayofTrade for being an excellent trading partner. Clients state that they have been making money with the broker. They recommend the platform to any trader in the market. Additionally, they praise the support team for excellent services.

Unfortunately, it is hard to verify whether this information is coming from real traders. There is no proof of payment available. Moreover, they do not have a screenshot to prove they have received funds.

Final Verdict

WayofTrade is a broker that isn’t regulated by any financial body in the market. The entity is an offshore platform that is collecting funds illegally from innocent investors. They will avail false information to win over clients.

Invest with legit forex trading brokers that are legit and transparent. You will earn a decent amount of returns. Moreover, you will also have an assurance that your funds are in safe hands.

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