Is Tradehall a Safe Broker or a Scam?
On the outside, Tradehall might look appealing as a well-built, intuitive trading platform, but don’t let its deceptive appearance fool you. This broker has many significant concerns, including suspension of licenses, regulatory warnings, false claims, and a lack of transparency, according to a more detailed review of Tradehall. But you aren’t the only investor who has seen Tradehall Co reviews whereby others have indicated this platform is potentially a scam.
An Overview of Tradehall
Tradehall is a worldwide broker operating via MetaTrader 5, a web-based trader, and mobile trading. Tradehall is an online trading broker that was established in 2020, and claims to headquarters in Australia. Tradehall provides various account types like Standard, ECN-PRO, and ECN-VIP, serving traders with experience levels.
Moreover, the broker claims to provide educational articles/tutorials to help traders make smart decisions. Everything looks above board on paper – until you research its reputation online, transparency, and licensing.
Tradehall’s license (001282038) has been suspended while the company claims to be regulated by ASIC (Australian Securities and Investment Commission). In addition, the Securities Commission of Malaysia has alerted the public that Tradehall is an unlicensed company that may be operating a cloned scam.
Website – https://www.tradehall.co
Address – NA
Regulatory Warning – Securities Commission (Malaysia) – SC
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Key Red Flags in the Tradehall Review
Regulatory Deception
While Tradehall states that it is regulated by ASIC, this license is expired. Additionally, American investors are not protected because the firm is not registered with the country’s National Futures Association (NFA).
Malaysia SC Warning
In 2022, Tradehall was warned by the Securities Commission Malaysia as a high-risk entity and a clone for providing capital market services without a license.
Check full warning here: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list
Lack of Transparency
- No public contact details
- WHOIS information is hidden with a paid service
- No clear data on commissions, spreads, or non-trading fees
Poor Platform Accessibility
- The official website (https://www.tradehall.co) is currently non-functional
- Limited customer support (only email and phone)
- Several complaints about app crashes and non-withdrawable funds
User Feedback & Tradehall Co Scam Reviews
On review websites like BrokersView and online discussion boards like Reddit, there are many complaints regarding:
- Delayed withdrawals
- Unhelpful support staff
- Accounts being blocked after profits
- Fake positive reviews are created to lure new victims
Conclusion
This Tradehall review highlights that this is not a reliable broker. There is a warning against the broker issued by the Malaysian SC and a suspension of the ASIC license presents a number of reasons to suspect fraud. Therefore, it is advised to stay away from this broker and to report any questionable activity right away.
FAQ About Tradehall
Q1. Is Tradehall a licensed broker?
No, its ASIC license is revoked, and it is not registered with the NFA or any major regulatory body.
Q2. Can I trust the Tradehall app?
Due to numerous complaints and a lack of regulatory oversight, it is not advisable to trust their app.
Q3. Are there Tradehall co scam reviews online?
Yes. Many users online have flagged the broker as a scam, especially on Reddit and scam review platforms.
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