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

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

- in Forex brokers, Reviews
1538
24

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
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

24 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

  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.

Leave a Reply

Your email address will not be published.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

You may also like

NewSolid Review – 5 things you should know about Newsolid.com

NewSolid is a forex brokerage registered in New