Broker Scam Trade99, Cleartransfer, And Another Vanished Crypto Platform

The MFSA-regulated Maltese Paytah is currently at the center of regulatory and criminal investigations in several European jurisdictions. Paytah faces claims from scam victims who made deposits to various scams through the Maltese company. The European Fund Recovery Initiative represents the interests of victims in a rather obscure procedure before the Financial Ombudsman in Malta. PayTah submitted an affidavit from the current Onboarding Manager Alex Giankellis, to confirm that compliance is working. Unfortunately, it can also be a means of losing your savings if you aren’t careful.

Make sure to have brokers who have a proven communication channel. In case investors run in any trouble, live chat is always there to help. A broker with easily accessible means is one who is trustworthy Hedge and has your interest at heart. Sign up with Forex brokers who have communication channels throughout the trading periods. Make sure channels are available at least five times a week.

Fidelity: Bitcoin superior To Gold And Fiat

They will make extravagant claims and promise huge returns to attract traders. It is important to know what is considered reasonable in the industry to recognize inflated promises. In addition, Trade99 login problems may be because they have closed and are not regulated or if they have a license, it could be from a low-tier regulatory agency. Start using the Trade99 forex trading account to get the best trading services on various cryptocurrencies, and indices market. To get all the information, take a look at what other traders talk about it on Trade99 Reviews. Customer service — Trade99 offers amazing customer service.

Trade99 is an online trading broker that offers over 190 trading instruments across different asset classes for trading online via the highly advanced MetaTrader 5 trading platform. There are multiple trading account options, as well as secure account funding and withdrawal methods. Clients also get access to a good selection of educational resources to improve their overall trading skills and knowledge. The trading brokers review team believe that the broker could improve on the regulations.

The Best Forex Traders

Regulatory bodies ensure they give trading license to a responsible broker. With SSL Encryption, funds are kept safe and Trade 99 is following all set rules. Funds are also insured by this broker which is a huge relief to anyone who signs up. Trade99 holds a valid licensing from the Forex news Dominica republic which has been validated. Having to check with the regulatory body, we are happy to state Trade99 IS LICENSED. Operating with a valid license means we are dealing with a trusted broker. They have passed all the tests required to hold a valid trading license.

This can be a way to bait traders and lull them into complacency. When brokers intend to disappear, they will allow the trader to believe they are making money fbs review only to disappear with it and everything the trader invested later on. Confirm addresses and Trade99 contact information to ensure that it is accurate.

At the time of our initial warning , the InvestXE scam had a 3.4-star rating with an “Average” trust level on Trustpilot. At the time of our new review on 17 Jan 2022, the trust level is “Poor” with a 1.7-stars rating. Trustpilot has issued a warning that InvestFX‘s reviews look suspicious and removed several fake reviews. You might have even apparently made money on some trades, but see what happens when you try to withdraw the money. If there is transparency about fees, spreads, and commissions, you may notice they are high compared to the industry standard. To find out what the acceptable range is for fees, commissions, and spreads, you can do some research on the web or talk to our experts.

The Investxe Narrative

In the ASIC register, there is Trade 99 Pty Ltd, a legit company. According to ASIC, Trade99 owner is Nohelius International Marketing Operations from Estonia. Based on everything written so far, you can conclude easily that Trade99 is a scam broker with a shady past and unknown future. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.

• We show reviews chronologically, and you can filter by star rating, language, location, or keyword.
• Trade99 holds a valid licensing from the Dominica republic which has been validated.
• Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns.
• The fellow I dealt with rang me back an hour later and told me he’d made me $19.

Users who receive a trading bonus are likely to run into issues when they try to withdraw any profits. The reward must go through a certain amount of trades before being withdrawn, and most traders are likely to have nothing left by that time. Spreads and Commission — The only thing that is not good with Trade99 is its high spreads. Trade99 charges service fees, withdrawal fees, and deposit fees. The firm offers a trade bonus, which is mainly dependent on the amount of the withdrawal made. Trade99 supports all kinds of major payment options like bank wire transfer, Visa/Master debit/credit cards, and bitcoin.

Xlearner Review: Should You Trust Xlearner Eu?

And this is why we are conducting this detailed TRADE99 review. Now and then, crypto payment processors vanish in the scam environment. For example, BTCwithcard (), which was used by scams as a crypto payment processor, vanished recently. It was deployed by the crypto forex scam Trade99, for example. However, the platform was only online for about one year and has now disappeared in the dark of the web with the money and data of the cheated customers.

Investo Brokers

Dealing with Trade 99 means we are getting the best out of Forex trading. Regulatory bodies are happy with the way Trade 99 is conducting Forex transactions. If you are still wondering whether this is a safe option, you can cancel the contract at any given time. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.

Qtech Games Introduces A New Cryptocurrency To Its Games

Trade99 also offers the service of accounts managers who are available to help the traders. Trade99 says they have several fees that apply to their users, withdrawal fees, service fees, etc. However, our https://forexaggregator.com/ establishes that the company is ambiguous and unreliable. Furthermore, the problem is that the broker doesn’t clearly state the amounts or terms for any of these fees.

By reading their deposit and withdrawal page, users will learn more. You should consider whether you understand how CFDs work and whether you can afford to take the broker finexo high risk of losing your money. Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers.

Is Trade99 Legit Or Scam?

In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. In March 2020, the UK FCA issued an investor warning against Trade99 and its operating entities in Dominica and Estonia . Both the Australian regulator ASIC and the New Zealand FMA have also issued warnings against Trade99 and its operators in recent months. A whistleblower recently provided information proving that the same operators and boiler rooms are behind Trade99 and InvestXE. One of the co-operators and payment processors of Trade99 was ClearTransfer, where one of the key figures, Andreas Theodosiou, is the director.

They use fake software,, dont really hold BitCoin and you will never get any money out. The staff are all Conmen – Valentine, Stas, Sam – they are all false names anyway. This trade 99 is a fraud and whole world should know and not to invest the money otherwise everyone will lose their hard earn money. Made a trade I didn’t approve after telling me I had to approve all trades. It was a shit trade and they just let it dwindle until my account was empty.