Is Tradingweb a scam or legit broker? Read Tradingweb Review
TradingWeb is another possible unlicensed scammer broker. The broker states that TradingWeb owns and runs it and that it is based in China. The broker needs to be licensed by important regulatory organizations like FCA, FINMA, ASIC, SFC, etc., to offer financial services. However, you won’t find any information on their licensing in the databases of these regulators. Therefore, it is evident that this broker is not secure for trading and is not governed by anyone.
Tradingweb’s website, https://tradingweb.io/, has a very poor trust rating. There isn’t much information online regarding this broker apart from its email address, firstname.lastname@example.org.
Information regarding trading terms, deposits, leverage, withdrawals, etc. is not disclosed. This shows that the broker doesn’t show anyone anything, which should be a red flag for investors.
The broker got many Complaints and negative Tradingweb reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.
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.
Possible scam activities of Tradingweb
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 Tradingweb 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 Tradingweb Reviews and Complaints
The broker often gets negative comments and complaints from clients who are upset that they can’t get their money back after making a deposit. Investors claim that the website is a scam that will deactivate your account after a deposit. Even customer support will ignore you and not assist. 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 Tradingweb Review
After Searching internet you will find many negative Tradingweb 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 Tradingweb reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.
Scammed by Tradingweb? How to get your lost money back from Tradingweb?
The best solution recommended for getting your lost money back from Tradingweb is Report Scam Community
It is one of the few legit recovery assistance organizations which are actually concerned with a victim’s recovery from losses. They are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free Consultation and anyone can register by filling a very short complaint form.
Tradingweb Review: Conclusion
To begin with, Tradingweb.io is a mysterious site that needs validity. It isn’t authorized to offer trading services as it does not hold any valid license and is targeting clients of different nations. So, we advise you to stay away from a such brokers as your money may be at high risk with them.
Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions. These small details will prevent you to become a victim of broker scams.
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Note: Report Scam Community has conducted many researches before flagging Tradingweb as a possible scam in this Tradingweb Review.Are you planning to trade with Tradingweb and invest your money? Report Scam suggests you to read this Tradingweb Review first.
Report Scam! as we have experience!