Tower-Bridge.com Review – 5 things you should know about Tower-Bridge

Tower-Bridge.com Review – 5 things you should know about Tower-Bridge

Rating: 1

Beware! Tower-Bridge.com is an offshore broker! Your investment may be at risk.

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

 

Tower-Bridge.com uses its clean website as a luring device to attract novice investors. This has been proven to be a very effective technique, so do not overllok it. As for the rest of the broker, we have some things to say about it. Read on.

The registration process was easy to complete not to mention fast. This has always acted as a first warning fro what’s to come. The user area was alos quite familiar, usualyl a second warning that the broker we are about to deal with has taken a short-cut, therefore focusing on other aspects of its services.

Next in line came the familiar web trader that underwhelmed us at best. The tradeable instruments revealed there were forex currency pairs, cryptocurrencies, commodities, stocks, and indices. The average EUR/USD spread was 8.3 pips, a cost of trade in no way favoarbale to users. The leverage cap is 1:100.

The website is available in English.

TOWER-BRIDGE.COM REGULATION AND SAFETY OF FUNDS

The only details of importance for this section of the review that we found point ot one thing only. Tower-Bridge.com is allegedly abiding by the laws of Saint Vincent and the Grenadines.

Saint Vincent and the Grenadines fall sinto the category of offshore brokerage zones that have much looser laws and rules concenring brokers and financial institutions as a whole. There is a reason why offshore bank accounts are so clandestine. It just so happnes that Saint Vincent and the Grenadines is also the most popualr scammer brokerage nation in the world, with thousands of active investments scams claiming operations there. There is no local FX regulator. All in all this country is the perfect location for any unlicensed broker.

Aside from the aforementioned info, the website does not have too much to offer as a whole in terms of regulatory details. Tower-Bridge.com seems to be content with what it has, and so are we.

This way it will be much easier for us to conclude that Tower-Bridge.com is not licensed and is a typical broker scam. All investments will be lost!

If one were to find a reason for investing in unlicensed brokers it would create a seismic shift in the market industry. But until then, your money will be wasted with unlicensed entities. Their only purpose is to steal money and use it for their own benefits. Not unlike regulated brokers, whose goal is to provide a stable, safe, and fair trading environment. We say go for any UKEUUS, or Aussie-regulated brokers, although there are many other great licensors out there. Financial watchdogs are responsible for sustaining the market industry as a whole, and they are what keeps everything in place. Without them scammers would be rampant. Put your trust in them, for we have!

TOWER-BRIDGE.COM TRADING SOFTWARE

There is nothing equally frustrating to encountering the same web trader and writing about it day after day. At some point, you don’t know what to write.

But the truth is that this web trader is a very popular one among scammer brokers and has been used by very illicit brokers for years now. It may look appealing, and it undoubtedly does so, but this is all in favor of very poor and limited trading options.

TOWER-BRIDGE.COM DEPOSIT/WITHDRAW METHODS AND FEES

The user area is always the safest bet when it comes down to payment conditions. Especially with scammer brokers, their client areas are where all the real payment information is stored. And so, let us see what we can take from the user area. Unfortunately, it’s nothing. The only thing we learn is that deposits happen only through contacting the account manager or support team. What this means is that we cannot learn anything form there.

We must, therefore, rely on the website, a last resort. The websites of scammer brokers are noet to be trusted especially with crucial information such as payment conditions. So, from the website, we learn that the minimum deposit is $250, a kost common value.

From the withdrawal policy, the broker mentions that clients can uses credit cards, bank transfers, debit cards, and a bitcoin wallet as withdrawal methods, whihc means that these methods are also used for depositing. The typicall wait time for a user to recieve his or her withdrawal amount is between 7 to 10 days. Last but not least, there is a 1% fee for all withdrawals. The percentage must equal a minimum of $30, otherwise the fee will be automatically capped at $30.

Tower-Bridge.com is your typcial scammer broker. It’s textbook illicit brokerage at work here. Do not make the mistake of investing here.

HOW DOES THE SCAM WORK

The way the scam works is the same way it has been since the begining. Very few changes have been made since its inception.

First, the user is attracted to one of many online ads that promise wealth and prizes, or he can be triggered via an email received from the broker.

If these sound too good to be true, then the user, out of curiosity, will scout the website of the broker and either be fooled by the offers there or will immediately understand the fraudulent nature of things.

The broker will require some sort of contact method from the user, so that the scammers can keep a tab on the user. The client will then be pushed into investing as many times as possible, but the general rule is that once an initial deposit is made the user will be more willing to invest more.

At some point – it’s inevitable – the user will feel like he wants to see some of that promised money, and will ask for a withdrawal. At this point, the broker has lied his way through a couple of investments. Once the withdrawal request hits, the broker will do everything in its way to stall it or cancel it. One way or another, the user will have a very hard time receiving his money back.

WHAT TO DO WHEN SCAMMED

VISA and MasterCard have extended their chargeback periods to 540 days, meaning that user has more than enough time to file for one. This is the safest bet for your money back.

If the money invested was made through a bank, then we urge victimized users to change their bank account pass and user name ASAP. And then they should contact the bank support team and explain their situation.

Crypto investments are the riskiest of all because they are untraceable. Only the broker can repay you if it wishes to do so.

Do not put your money with recovery agents no matter how tempting it may sound. It’s the temptation that got you in this mess in the first place! Recovery agents will promise to reimburse users for an exchange fee that will be also stolen!

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