Meteor Trade Review

Is Meteor Trade a scam or legit broker? Read Meteor Trade Review

About Meteor Trade

 Website – meteortrade.pro and meteortrade.co

 Address – 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica

 Warned By – Comisión Nacional del Mercado de Valores (Spain) and Financial Conduct Authority (United Kingdom)

The main reson why Meteor Trade is a possible scam broker is that the broker has got many Complaints and negative Meteor Trade reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

Despite Meteor Trade attempts to look legit and trustworthy, we can’t disregard the alerts that Meteor Trade giving us. There are many brokers like it, and we can quickly recognize the kind of specialist we were dealing with by stepping into the site. We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure. Find more about the scam broker in our review list.

Beware of Meteor Trade, a brand under the notorious Incendiary Group Ltd., which owns other brands such as InfluxFinance and Trade Union. Unfortunately, the company has left many victims in its wake. In this review, we will focus on Meteor Trade and highlight some of the issues we’ve encountered. It’s important to be cautious of unlicensed scammers like this.

Meteor Trade Broker operates under two domains: meteortrade.co and meteortrade.pro. However, it has come to light that the company falsely represented itself as part of Meteor Investment Management Ltd., which is licensed by the FCA.

Meteor Trade – An Unlicensed Company from the Commonwealth of Dominica 

It’s important to note that Meteor Trade is not a licensed company and its broker originates from the Commonwealth of Dominica, a notorious offshore scam hub. The country has a negative reputation for its lack of regulation in the Forex markets, making it an attractive destination for scammers to operate without any opposition.

Meteor Trade – An Unlicensed Company from the Commonwealth of Dominica

It’s important to note that Meteor Trade is not a licensed company and its broker originates from the Commonwealth of Dominica, a notorious offshore scam hub. The country has a negative reputation for its lack of regulation in the Forex markets, making it an attractive destination for scammers to operate without any opposition.

Possible scam activities of Meteor Trade

Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Meteor Trade review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker promises returns that are too good to be true.
• The risk warnings may not be disclosed on their webpage or would be hidden.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Negative Meteor Trade Reviews and Complaints

Meteor Trade has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

Example of Negative Meteor Trade Review

After Searching internet you will find many negative Meteor Trade Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and Meteor Trade reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.