review – 5 things you should know about review – 5 things you should know about

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



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers. is an offshore broker which says to offer Forex, Stocks, CFDs, Indices and Commodities on Metatrader 4. The guys behind this enterprise also claim that your funds are safe with them, providing Robust firewalls, SSL protection, and SAS 70 certificate, mentioning, however, another offshore broker with a bad reputation. We certainly do not recommend this Forex broker, find out why in the full review. REGULATION AND SAFETY OF FUNDS is an offshore Forex broker registered in Vanuatu, an island in the Pacific Ocean, whose financial regulator VSFC recently imposed a minimum capital requirements of 50 000 USD for the registered FX brokers. A Vanuatu registered company named Turbo Trading Limited owns and operates, and actually hold a license, but it doesn’t automatically means that your funds are safe with First of all, the regulatory framework in Vanuatu is still in its infancy stage and the customer protection measures are entirely missing. The Forex brokers registered there are still enabled to suddenly disappear, running away with your money, no matter the license that they hold. Stay away from, your funds are not entirely protected if you invest there.



A red flag to note is the mentioning of the offshore Forex broker Simpletrades as it’s name is coming out of nowhere, while the guys behind are trying to affirm that they keep your funds safe. In fact, it produced an effect in totally opposite direction, stay away from, something fishy is going on there.


Also, claims to be EU regulated, but it is not true, as it isn’t authorized to provide Forex products and services in Europe, definitely a red flag!

Your funds are not safe if you make a deposit with, it is an offshore broker which also lies to its customers about its regulation. Our strong advice is to stick with the EU(CySEC) and UK(FCA) Forex brokers, as these intermediaries are the global leaders in the retail FX and CFDs industry, and will certainly treat your funds with an utmost care, not because they want to, but because they have to. Complying with the product intervention measures that the European Securities and Markets Authority has agreed, which further CySEC and FCA have implemented, the Forex brokers are required:

  • to limit the leverage to between 1:30 (Forex majors) and 2:1(cryptocurrencies);
  • to close out a customer position when the funds fall to 50% of the margin needed;
  • to provide Negative Balance Protection on a per account basis, meaning that losses cannot exceed the total funds;
  • to restrict or completely obliterate the incentives offered to trade Forex and CFDs;
  • to provide a standardised risk warning to the customers.

Failure to do so will result in disciplinary action such as salty fines or license being suspended/revoked.

There are also money protection schemes in operation, such as ICF in Cyprus and FSCS in UK, which guarantee the deposits of the clients. Under CySEC(Cyprus) supervision you can claim up to 20 000 EUR in compensation, while in UK under FCA you are guaranteed of even up to 85 000 GBP. Each EU member state is compelled to create and further operate such a fund, which is regarded as a last resort for the traders, in case a Forex broker faces difficulties to meet its financial obligations. TRADING SOFTWARE offers Metatrader4 accounts to its customers, Metatrader5 accounts are not available. All of the MT distributions are available, such as Desktop, Mobile and Web trading platform. The EUR/USD spread is 3 pips flat, while the leverage offered is up to 1:300. Demo trading accounts are available.

There is an information discrepancy that we certainly have to note. A leverage level of 1:300 is allowed, while on their Main page the maximum ratio advertised is 1:200, another red flag!

We recommend that you should decrease the leverage ratio as much as possible, as the higher levels are much riskier. The gambling nature of the increased leverage levels made ESMA to impose the leverage cap of 1:2 for Crypto trading and 1:30 for FX trading. Trade and invest wisely, deleverage and keep your funds safe, be a trader, not a gambler! DEPOSIT/WITHDRAW METHODS AND FEES

No minimum initial deposit requirements, the funding methods mentioned include Yandex, WebMoney, Qiwi, Credit/Debit, wire transfers and Bitcoin. No minimum withdrawal amount specified, also no fees or request processing time determined.

No bonuses or other trading incentives available at the moment.

An account become dormant after only 30 days and it will be subject to 60 USD flat fee monthly. It is an unfair close, no true Forex broker is going to make your account dormant after only a month of inactivity.

As is an offshore Forex broker you shouldn’t expect a negative balance protection from them, meaning that the losses might be greater than the sum deposited. It is typical for the offshore Forex brokers, that is why we do not recommend trading with these!


A group of scammers usually operates many different scam brokers, scam websites and call centers. Sometimes they will simply rely on the quantity, they will publish tens or hundreds of websites and will just wait for traders and investors with little or no experience to bite. Nowadays, it’s very cheap to create one, and it looks like a profitable strategy, as they carry on doing it.

It often happens that the scam Forex broker are run by disgraceful call centres, filled with experienced manipulators which are very aggressive once they reach you over the phone. If you make the mistake to answer you might end up in a lengthy conversation with the scammer. It will be a fight, they will ask questions about your trading experience, intentions, income, the sum you expect to invest and so on. They will also declaim their make-believe stories, a tremendous amount of fiction will be poured over the phone and if you are not careful enough you might end up in trouble, believing in what they say. Naturally, in accordance with the topics discussed the scammer will be asking for the name of your bank and before you know it they will be waiting for you to tell them the 16-digits on your debit or credit card. If you hesitate they will instantly become aggressive, pushing you, telling you that this is your last chance to make a profitable investment and so on. Beware, the scammers are master manipulators who are very dangerous if they catch you over the phone!


No one is immune to scam, anyone can fall into the trap. Scammers are constantly looking for new and different ways to scam consumers. What you need to do first, in case you got scammed, is to protect yourself from further risks. Contact your bank and explain to them your situation, they will give you important instructions to follow and will help you, if possible, recover your money.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing. Seek help actively!

Share online your experience, it is important to protect others, as well. Be responsible!

Rich Snippet Data
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Cyprus, SVG4.8/5$100 Click for a special offerWebsite

1 Comment

  1. I wish this kind of information would be available in other countries, since this company just reached me out of the phone this week, I’m from Mexico and no trustworthy information was found over there. Thank you for sharing this, it’s really helpful.

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