Trade LTD Review – 5 things you should know about Tradeltd.com

Trade LTD Review – 5 things you should know about Tradeltd.com

Beware! Trade LTD is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Forex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

Trade LTD is a CFD forex brokerage presumably from St. Vincent and the Grenadines. It provides the MetaTrader4 and an extremely generous leverage. Traders are extended a leverage of up to 1:200. Furthermore, there is a wide range of trading products from which to choose and a spread of 2.4 pips on EUR/USD. The minimum deposit is $250 which is about the industry average.

Trade LTD regulation & safety of funds

Trade LTD does not state any sort of regulatory status on its website and there is some uncertainty regarding the brokerage. The website states that the company name is BUSHIDO TECHNOLOGIES OÜ, registered in Estonia, but with an operational address in Austria. Furthermore, the brokers website offers an MT4 for download provided by the company Titanium Tech Solution Limited which has been flagged by Italy’s regulatory body CONSOB. Such irregularities, coupled with the obvious lack of credible regulation inclines us to doubt whether potential clients of the brokerage are not open to substantial risk. We advise traders to fully exclude the risk of fraud in trading by only doing business with brokerages regulated by prestigious regulatory agencies, such as the FCA and CySec, require compliance with a number of strict rules that give significant assurance for the security of the clients funds.

The segregation of accounts is among the rules which are especially important in the trading world, because it drastically lowers the risk of possible commingling.

Another is the participation in a compensatory scheme by which the client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to swindle traders.

Trade LTD deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw  via VISA, MasterCard, Maestro, Skrill, Neteller and WebMoney. We must further say that we came across a troublesome provision in the broker’s terms and conditions. There is a minimum withdrawal amount of 50 account units withdrawals through wire transfer will only be eligible if the profit is higher than a 100 account units. We could not find any fees, but that is no guarantee there aren’t any. Furthermore, even such provisions (putting aside whether there are any fees) should not figure among the terms of a legitimate brokerage.

We must also remind readers of all the ways a trader may test the brokerage’s intentions. Firstly, traders are advised to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Even though the forex trading world is extremely large and encompasses millions of people around the globe, the most common scamming is pretty simple and straightforward and as such – it’s not particularly daring to avoid. Here is a quick overview of how it is done:

Through clicking an ad with promises for fast money, you will be redirected to a website such as  Crypto Signals Software or The bitcoin miner where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have up to six months to file a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback, but only within six months of the initial deposit, as was noted above.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Rich Snippet Data
Review Date
Reviewed Broker
Trade LTD
Broker Rating
11stargraygraygraygray

Top Forex Brokers

Broker Country Rating Min. Deposit Website
UK, Cyprus, Australia 4.98/5 $5 Click for a special offerWebsite
Cyprus, Australia 4.97/5 $100 Click for a special offerWebsite
US 4.95/5 $50 Click for a special offerWebsite
Australia 4.90/5 $100 Click for a special offerWebsite
UK, Australia 4.85/5 $50 Click for a special offerWebsite

41 Comments

  1. Scam company! Deposited $250 first because thats the minimum and at first this account manager named Alexandru or Alex asked for $5000 to be able to trade more and get more profit so to my desperate I’ve did as well, because I wanted to earn money. Ive profited $36,000 for just more than a week. I decided to request for withdrawal my deposits for $5250 and this Alex saying he will let hes boss to approved it! Freaking annoying its my money!

    At first in opening of account they will say sweet things all sweet lies that you can get your money withdraw it anytime but its a lie!

    And in just a snap yesterday 23/10 they took everything without saying anything!! My $36,000 was gone! One agent called and said the market collapsed thats why it happened.

    Jesus freaking christ they are the worst liar!!! Very arrogant broker and customer service! That account adviser alex is very obvious lying so many things. He dont even sound sorry. Hes like a scumbag! Tradeltd is a scam! They dont even give me good reason why my money was gone!Only left $270 in my balance which by the way they dont let me withdraw saying there are a lots of clients who also requesting for withdrawal.

    Dont ever trust this company! At first they are kind and when they see your money is increasing they will just stole it in a snap! All heartless people! Il let karma do the works or atleast godbless you all devil! Give me back my deposit tradeltd! I will not stop flooding you with these reviews because this is the truth! Worst ever broker!

    1. Trade LTD Support

      Dear m,

      We are very concerned with the information that you’ve provided here.

      We would like to investigate your case closer. But in order to identify you in our system we would need you to provide us with your TradeLTD account ID or email that you have used to register on our platform.

      Please, contact us via email: [email protected] or call us: +3726347369. We are very sorry for inconvenience caused.

      Best regards,
      Trade LTD Support

    2. Dear Margaret,

      We are very concerned with the information that you have provided here.

      We tried to find your account in our system in order to investigate your case, but we were unable to do so. If you could please provide us with additional information such as TradeLTD account ID or an email address used for registration on our platform, we would take a closer look at your situation.

      Please contact us via email at [email protected] or at our phone number +3726347369.

      Best Regards,
      Customer Support Department of TradeLTD

    3. Did you managed to get your money back?

  2. Scam do not invest with this company. They keep ringing everyday several times a day looking for credit card details. No matter how many times you tell them not to call they call persistently the are rude and very aggressive please do not invest

    1. Dear Siobhan,

      We are very concerned with the information that you have provided here.

      Please contact us via email at [email protected] or at our phone number +3726347369 so we can make sure you’re not receiving any more unwanted calls.

      Best Regards,
      Customer Support Department of TradeLTD

  3. do not use this company a matthew sparrow senior account manager will talk you into putting money in then will lose it all for you and disappear then you find out that your money has gone to a store in africa

    1. Dear Keith,

      We are very concerned with the information that you have provided here.

      We tried to find your account in our system in order to investigate your case, but we were unable to do so. If you could please provide us with additional information such as TradeLTD account ID or an email address used for registration on our platform, we would take a closer look at your situation.

      Please contact us via email at [email protected] or at our phone number +3726347369.

      Best Regards,
      Customer Support Department of TradeLTD

      1. dont talk rubbish you are all in it together the only thing you are concerned about is the fact you have been sussed out all these people cannot be wrong it is a big scam

  4. Suhana Haripersad

    Scam scam scam scam these people made me deposit R3700 but later they want R15000 they say that they can’t trade with the R3700 because it’s not for trade its to keep the account opened

    1. They keep calling me Ellie Nilson from trade Ltd she seems nice and genuine. Asked for 250 deposit so I can start making a profit?

      1. Dear Phelomena,

        250 USD is minimum deposit on our platform. Depositing 250 USD is a great way to get the general feel of trading and potentially make your first profit!

        If you have any other questions, please contact us via email at [email protected] or at our phone number +3726347369.

        Best Regards,
        Customer Support Department of TradeLTD

    2. Dear Suhana,

      We are very concerned with the information that you have provided here.

      We tried to find your account in our system in order to investigate your case, but we were unable to do so. If you could please provide us with additional information such as TradeLTD account ID or an email address used for registration on our platform, we would take a closer look at your situation.

      Please contact us via email at [email protected] or at our phone number +3726347369.

      Best Regards,
      Customer Support Department of TradeLTD

  5. I just invested my money before seeing this & I am terribly scared cause I think U’ve just given away all my money & made a debt I cannot even pay just to try joining the trade!

    1. Dear Quinn,

      Trading foreign currencies can be a challenging and potentially profitable opportunity for investors.
      Trade LTD seeks to provide you with cutting-edge technology, the highest levels of professionalism and consideration, and an exceptionally diverse trading platform. Our in-house financial gurus and technical experts have pooled their collective talents to ensure the ultimate experience on our trading platform.
      Our professional Account Managers will help you with everything possible and provide the high level of customer service. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

      Also please keep in mind that you can withdraw you balance from trading account in any time in accordance with General Terms and Conditions of the Trade LTD company.

      If you have any question, please contact us at [email protected] or call us +3726347369.

      Best regards,
      Trade LTD Customer Support

  6. I just invested on TradeLtd and now am scared with all this am reading now, can somebody tell me this is not happening!!!

    1. Dear Vera,

      At Trade LTD, we provide the best financial instruments and you simply decide what to trade. Our in-depth education center is brimming with timely trading articles, expert trading insights, webinars, guides, and much more.. We encourage all of our clients to utilize all of these resources to assist in making the right trading decisions regularly. Unlike traditional investment firms, we do not require you to invest vast sums of money to get started. However none of our representatives can promise you any profits or provide you with 100% sure information as trading on the financial market is always subjected to certain risks. It is your responsibility to consider whether foreign exchange trading is suitable for your financial position and investment objectives.
      We can assure that any time you can withdraw your funds from our trading account accordance with General Terms and Conditions of the Trade LTD company and Anti Money Laundering laws and regulations, applicable worldwide.

      If you have any question, please contact us at [email protected] or call us +3726347369.

      Best regards,
      Trade LTD Customer Support

  7. Through this information I have read about TradeLTD, I have lost trust. I was willing to invest with them in the near future.
    My question, can you start investing with $100 if you can not meet the required minimum amount. If they tell you that it is for keeping the account active, what should I do?

    1. Dear Bongani,

      When choosing a FOREX broker, you should always consider security, support and other things before decide. You should also consider what your own criteria are, which markets do YOU trade, and what do YOU need from a broker.
      Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. That’s why we do not require clients to invest vast sums of money to get started.

      Yes with Trade LTD you can start with investment of 100 USD.

      We want to highlight that Trade LTD is not taking any money for keeping the account active, that’s why if you real faced with such issue, please contact us via email at [email protected] or at our phone number +3726347369.
      Or please provide us with additional information such as Trade LTD account ID or an email address used for registration on our platform, we would take a closer look at your situation.

      Best regards,
      Trade LTD Customer Support

  8. I won’t risk my hard earned working money to these scammers hell naaaaah,just had a rude sales agent calling me up,very arrogant person…but I put him quickly in his place and where to get off 🙂 felt good cause I ain’t that desperate…

  9. Bongani play lotto bra it’s safer and it’s cheaper!

    1. please help me since I hv been waiting 4 a financial adviser to guide me…I hv deposited 1500..I’m getting scared..I hv my trading account but I dnt know how to get dat trading app n be able to see ur balance

  10. I jst invested 1500 n they said financially provide will call me and guide me…I hv received my bank account but how do I go on dat app of trading? and how do I see my balance? ….n these comments r scaring me

    1. From Glen this people they called me yesterday and promised me everything about this LTD trade I did open an account but I did not finish my bank details so from now on I will cancel everything

    2. Dear Norma,

      You can start trading simply by visiting http://www.tradeltd.com and navigating to “Platforms” -> “Web Trader”. Alternatively, you can download MetaTrader 4, available in both desktop and mobile versions.

      Please don’t hesitate contacting our support department regarding any trade/platform related questions. We are working Monday-Friday from 8:00 to 22:00 (GMT+2).
      Phone: +3726347369, email: [email protected]

      Best regards,
      TradeLTD Support.

  11. Oh oh oh looks like I got scammed, saw the add and thought what the heck I’m willing to risk a small amount, gut feeling told me the whole time it’s a scam don’t be so stupid, everything I was sus about has been stated in all the reviews above, I’m just at the stage where I done a small deposit now they want my details next they will hit me up for more money I bet with the line (you need to invest more to make more) then when I try to withdraw some of my so called profits I bet my bottom dollar it won’t happen, oh what a double fool I’ve been, I knew all along and I still went for it, excuse me while I just go and bash my stupid head against the wall, frigging idiot!

    1. Dear user,

      We’re very concerned with your situation.
      We tried to identify your account in our system in order to investigate your case, but we were unable to do so. If you could please provide us with additional information such as TradeLTD account ID or an email address, we would like take a closer look at your case. Please contact us with this information via phone: +3726347369 or an email: [email protected] .

      Best regards,
      TradeLTD Support.

  12. Why is it when they send you an e mail it ends with .email ???

  13. Rude customer service and full of lies. Don’t bother with them as they don’t offer a proper trading experience and will simply keep asking you for more money. As soon as you say you don’t have any money you will never hear from them again. I only gave them $100 U.S. to open an account with the idea in mind that if i lost it it wouldn’t be a big deal. Anyway they tried telling me that i lost the $100 to a trade with Gold because i didn’t give them another $400 to hold the trade. Clearly this is a lie because you don’t need more money to hold trades. You either win, hold or lose in the market and a good broker should be able to explain it quite clearly. The broker they assigned to me did not explain anything clearly and kept saying i need $400 to open the account when i had already opened it with $100. I am not too fussed about losing the $100 as i put it forward with the idea that i may lose it just to test it out. But i do not recommend Trade LTD to anyone and i feel sorry for anyone who has lost more than $100 to them. They are all lies. You are better off buying a lotto ticket with your $100 or $250 or however much you were thinking of investing with them. At least the lotto retailer will give you better customer service and the chance of you getting a return on your money is going to be higher than what Trade LTD will ever give you.

    1. Dear E,

      We are very sorry that you were left unsatisfied with our service.

      We are concerned with your situation, so we tried to find your account in our system in order to investigate your case, but we were unable to do so. If you could please provide us with additional information such as TradeLTD account ID or an email address, we would take a closer look at your situation. Please contact us with this information via phone: +3726347369 or an email: [email protected] .

      Best regards,
      TradeLTD Support.

  14. Big big fucking scam plz stay away from these guys. There only objective is to take whatever you deposited and won’t even bother to give you an explaination.

  15. Absolute scam artists

  16. Trade Limited sucks

    Trade Ltd is a scam. They tricked me into putting in money & same as the rest in here, they would not give it back. They insisted that they have sent the money back into my account but it’s been a month & there’s nothing. The customer service is useless. The finance department is useless. The so called finance advisors are all scam suckers. Once they got your money, they will ignore all your calls, messages & emails while they splurge on your hard earned money. I have reported them to the police in 2 different countries for fraud. But they are so devilish they know how to cover their tracks. I tested them a few times by registering another account & within in seconds, someone is already on the phone with you trying to suck out all your hard earned money. They are so convincing that they will make you feel stupid once they got away with everything you have. I have been looking into online traud investigative agencies to keep on reporting them. I have been calling them a few times & bit by bit, I’m getting some information to trace where they are. One of the offices is in Estonia & this is already confirmed. I am posting this so hopefully no one else gets victimized.

    1. Dear Client,

      We are sorry that you were left unsatisfied with our service.

      If your withdrawal request has been indeed approved, it should not take more than 5 business days for your bank to receive the funds.

      We are very concerned with your situation, but information in your post is not enough for us to identify you in our system. If you could please provide us with additional information such as TradeLTD account ID or an email address, we would take a closer look at your situation. Please contact us with this information via phone: +3726347369 or an email: [email protected] .

      Best regards,
      TradeLTD Support.

  17. Eeeee this is how it is eeee Ha iam done I hve just invested with this company hooo now see all these negative comments ha can I get my money back please even before I start any thing . Ha I hve to close this account eeee all these negative comments please any body to guide me but in all I hve to close this account.

  18. Looked OK in the ad…a small investment I could afford to lose. Got unsettled with the pushy response and the thought of them having my credit card details. They don’t do paypal they said. I have been scammed too many times to risk it…go with your gut…I have ignored it to my detriment in the past. I still cringe to think of all the money I have put into things in good faith and given someone else a great lifestyle.

    The answers from TradeLtd here don’t give confidence…why can’t they ever find the account details of the people they have taken money from?

    If you have been caught in the scheme, don’t beat yourself up…just do whatever you can to protect yourself…scammers do this every day. We don’t think this way.

    1. Dear PN,

      We are very concerned with the information that you have provided here.

      We tried to find your account in our system in order to investigate your case, but we were unable to do so due to lack of information in your review. Could you please provide us with additional information such as TradeLTD account ID or an email address used for registration on our platform, we would take a closer look at your situation.

      Please contact us via email at [email protected] or at our phone number +3726347369.

      Best Regards,
      Customer Support Department of TradeLTD

  19. Trade LTD is a lie, I invested $2700 dollars to this company because of their all promises and what they do is they mismanagement my money until all the credit goes to low balance. They even ask more money to put on my account so they can take it all.. Their promises are lie. They are not doing any investigation in all their complaint. All of you should go to jail. I want a full refund on my money.. This is my ID account 1953296 so you will not ask my info. All of you are fucking big scum from top to bottom of employee. This are bullshit,,, I encourage all people who are victims of this company to file a complaint to higher authority.

    1. Dear Peter,

      We are sorry to read that you are not satisfied by our services. We already identified you in our system and taking care of your case with high priority.
      Our representative will contact you soon in order to provide with further assistance.

      If you have any questions or complaints, please contact us via email at [email protected] or at our phone number +3726347369.

      Best Regards,
      Customer Support Department of TradeLTD

  20. This company, Trade LTD has been pestering me to deposit since I gave my information online. I haven’t done that yet. I decided to research them first before going anymore further and from the reviews above, I think I already got my answer. Not even a single positive review for them and their replies on the reviews isn’t good at all. Good thing I didn’t deposit anything. I feel very sorry for those who’ve lost their money, even if it’s a penny. I encourage people to learn how to trade because there are opportunities and you could make real money on the financial markets.

  21. if possible trade ltd must be sued i am hurt and stressed out.These people are thieves yes THIEVES .I hope peeple will know about them and dtop investing in the company .Yesterday the account manager called me and told me to invest more money into my trade account inorder to get more profits i explained my situation that i cant because tomorrow i have to get a bank statement of my bank account because i am an international student studying in austria so the statement is needed for my permit application. She then told me that if i invest when i withdraw the money on thursday it will be more and because i was desperate i deposited $500 after depositing she helped me open a trade and said with the trade i will get a max of $500 profit i agreed and the trade was opened . today i send her an email in the morning telling her that i want to withdraw my money then she said lets close the trade we opened yesterday and open another and i specifically asked whether i would incur loses by closing that trade and she said we will know after we close it we then closed the trade and i lost $200 we opened another trade and when i logged onto the platform to check how my trade was going i realised there was no open trade and all my money was gone. I have been sending her emails since then but she is not responding .please please trade ltd i want my money back please and im dead serious.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

CFXPoint review – 5 things you should know about Cfxpoint.com

CFXPoint is a Forex brokerage owned and operated by