Introduction –
A number of investors are curious to earn higher yields from trading and earn a wealthy lifestyle. In order to do so, one must be careful enough before investing the money with any broker. A number of forex brokers exist in the market and it is difficult to recognize a fraud broker. One of the most important steps before choosing your broker is to do a bit of research and read the broker reviews before trusting them. If you are going to invest with a TradesFX broker, have a look at the TradesFX review to learn about the broker in detail before moving forward.
TradesFX Review –
TradesFX is an offshore Forex broker across Europe, registered in St. Vincent and the Grenadines. The broker, TradesFX offers the services like trading currencies, indices, shares, CFDs, and commodities. Investment 4 Futures Limited is said to be owned and operate this broker. How the regulation status of TradesFX is missing and it can be made clear that the broker is not registered and does not hold any legal license to operate and offer its services.
TradesFX offers investors with renowned MT4 trading platform, which is the most widely accepted trading tool, offering the users the easy to use and provide a better trading experience. Four types of accounts are offered by TradesFX that are Micro, Standard, Premium, and VIP.
Beware of TradesFX Scam –
- First and foremost, the TradesFX broker is registered in St. Vincent & Grenadines (SVG) which is an offshore zone with very few legal requirements to register a business. It means a very low level of client protection and a high chance of losing your funds.
- The website of TradesFX mentioned the high spreads for the investors, where the users are aware that 3 pips spread on EUR/USD is a very high level in the current competitive environment.
- TradesFX offers several payment methods to their investors. However, it is noted that the clients of this broker can only withdraw their funds with bank transfers. Here, this method takes several business days and a minimum withdrawal amount of €200 has been set, which does not go with the need and requirements of every investor.
- €250 is the minimum amount required to be deposited at TradesFX. This limits the opportunity for new traders to try their hands on trading as there is a number of brokers offering less than this amount as their minimum deposit.
Apart from all the red flags mentioned above, there are several negative reviews of the investors who are disappointed with this broker and are victimized by the TradesFX scam. The investors claims that they did not get their money back and termed this broker a scam.
Is TradesFX Scam or Legit?
Keeping in mind the several complaints and negative ratings on various online platforms, it can be concluded that the TradesFX scam is true and it is not safe to invest your funds with this broker. Reportscam community suggests its readers to go through the regulation status and the credibility of the broker before investing their amount in order to ensure safety to your funds. If you are a victim of the scam, looking out for help, file a complaint with us and get help in the lost fund recovery.
