SealTd.io review – 5 things you should know about sealtd.io

SealTd.io review – 5 things you should know about sealtd.io

Rating: 1

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

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SealTd.io is a very exemplary unregulated broker. If you were to ask us to give you a good example of what an investment scam is we would not look further than today’s broker. It feels as if we have reviewed SealTd.io 100 times before and to be honest, we are not that far from the truth, because this company looks and feels like almost all other unregulated brokers that we have reviewed in the past. Please read the following review before you try anything. We are sure that you will regret anything you do with the broker. Read on to see why.

A few words on the registration process. First of all, we could not create an account; there was an issue with the domain not being available. Whatever the case is we don’t think that we will be at too big of a loss here. Second of all, without opening an account we must rely on the website for all of the trading conditions, and as you might know, we do not uphold such information with confidence because it might not be honest. And last but not least the registration process is actually very simple and is a very typical suspicious broker registration process.

With that said, according to the website the available trading instruments are forex currency pairs, and a number of CFDs that have not been disclosed. There is no spread value at all and those readers that were hoping for a leverage will be disappointed. Overall, the entire trading information on the website is completely missing and disappointing. This is another sign of an unregulated broker .

The website is available in English German and Italian.

SEALTD.IO REGULATION AND SAFETY OF FUNDS

Few brokers that don’t reveal their trading conditions somehow end up regulated. SealTd.io has not escaped the trapping of the suspicious broker.

The first thing that we uncover is that the broker is allegedly located in the Commonwealth of Dominica, a country that does not have any forex regulator at all. It is in other words a new jurisdiction that allows all sorts of scammer brokers to incorporate their business. SealTd.io is not licensed there.

Next, we find a vague address that locates the broker in Bulgaria. We find this information in the contact us section of the website. However, there is no information that the company is licensed in Bulgaria. The local Financial Supervision Commission ss the entity that can regulate forex brokers and there is no information that the current broker is licensed by it.

And that is pretty much it. In terms of a licence SealTd.io does not have one and is considered unlicensed. Moreover one can easily also label this company as anonymous and a scam. Overall this broker is very Shady and suspicious not to mention it to all investments.

Whichever way you see it there is absolutely no sense in investing in brokers that are unregulated. They are a risk to all investments and also a risk to any personal information the users provide them with. We always advise users to choose brokers that have been regular. That is why it is imperative to check for a licence before creating an account.  UKEUUS, or Aussie regulated companies are the ones to look out for. All of these licensed brokers adhere to various regulatory and legal frameworks that allowed them to put the clients’ safety and security as their main priority. Not to mention that the FCA and CySEC offer client compensation schemes that remembers users if the broker cannot pay them back for insolvency reasons. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

SEALTD.IO TRADING SOFTWARE

How can we talk of a trading platform without even being given any hints at the presence of a trading software?

Not only are we unable to open an account but we do not find any information on a trading terminal on the website.

Therefore, we have no other choice but to deem this broker without a trading software.

SEALTD.IO DEPOSIT/WITHDRAW METHODS AND FEES

Finally, payments conditions will all be taken from the website. Similar to the trading conditions the payment conditions cannot be fully trusted and whatever we view from this point on cannot be taken too seriously.

Allegedly the minimum deposit is $250. Payment methods are credit cards, debit cards, bank transfer, and a couple of alternative payment methods.

The minimum withdrawal amount is the $100 for bank transfers and $50 for all other methods. There is a 3.5 percent commission applied to all with withdrawals. If this percentage does not equal of $30 or more the fee will be fixed at $30.

Overall this company is a complete risk and not worth your money and time. Do not invest here.

How does the scam work?

The most helpful that scammer brokers have in their repertoire or perhaps online advertisements which they use to attract a user base.

Every internet user has witnessed at least a couple of these fake ads are promise Investments returns and luxurious lifestyles. These ads mostly lead to investment scams or so called fraudulent brokers.

Once on this website the user will be advised to provide a phone number or an email address through which the broker can easily solicit investments.

A first deposit is the hardest to get and those users that deposit for the first time are likely to deposit for a second or third time. Personal account managers make sure to keep the user as invested as possible until he or she gets suspicious.

Once this happens the broker can easily all withdrawal requests or shut down the entire account or the website even. It’s crucial to remember that the user will never gets his or her money back easily.

However there are certain ways to get to that money back.

What to do if scammed?

The most important thing to do once you get is to file for a chargeback. Unfortunately this happens only if the user has invested by means of a credit or debit card. MasterCard and VISA have a chargeback period of 540 days.

If the money was lost through a bank transfer then the user must contact the bank itself and try to find a solution with it. Most banks probably have a policy of retrieving stolen funds. What’s also imperative is to change the bank user name and password for your account.

Money that was lost through crypto currency investment is unfortunately lost forever. The only way to get this money back yes if the broker itself pays it’s back to you.

Last but not least do not approach recovery agents. These are scams on their own and will ask you for money in return for your lost funds. Of course such services do not really exist and these fraudsters will disappear with the money once you pay them.

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