Atomictrade.io Review – 5 things you should know about Atomic Trade

Atomictrade.io Review – 5 things you should know about Atomic Trade

Rating: 1

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

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Atomictrade.io is presented as a British broker, but we can guarantee it’s not legitimate. Atomictrade.io is just an anonymous website and practically a suspected scam that we’ll expose in the following review. The red flags are many, and we’ll discuss the most significant ones. So, let’s see why Atomictrade.io should be avoided at all costs!

Atomictrade.io Regulation And Safety Of Funds

Atomictrade.io is NOT REGULATED! We checked for a license first but could find none, which means that all trading services offered by Atomictrade.io are practically illegal. That’s a major red flag, but things are even gloomier as the so-called brokerage abuses the corporate information of a legitimate UK company. If you look at the screenshot above, you’ll see the false claims – “This website is property of ATOMIC TRADE, registration number 07743136. Location: 1 Ropemaker Street London, EC2Y 9AW”.

The problem is that the number belongs to a company with a different name and a different address, and on top of it all, the nature of its business is “Other letting and operating of own or leased real estate” – it’s not a CFD trading firm! As you can guess, only scammers or people with evil intentions will use fake corporate information, so it’s highly recommended to stay away from Atomictrade.io. It’s a suspected scam, and we can confirm that your funds will be in danger if you deposit with the broker.

Avoid Atomictrade.io, and if you are still into trading, see our lists with brokers instead – the high-ranked brokers are secure, and you can safely trust your money with them! For example, CySEC (Cyprus) and FCA (Britain) brokers have been proven safe because both authorities impose tight restrictions to ensure the safety of clients’ funds. The mandatory regulations include client account segregation, risk-reducing measures like leverage restrictions, negative balance protection, and increased capital requirements to license a broker (€730 000). But most notably, both CySEC and FCA brokers are covered by deposit insurance funds – clients of Cyprus brokers can claim up to €20,000 in compensation, while UK protections are up to £85 000 per person! On the other hand, trading with fishy unregulated brokers will leave unprotected and vulnerable to fraud, so it’s never recommended to trust your money with such entities.

Here, you can see who’s the real owner of number 07743136:

Atomictrade.io Trading Software

Atomictrade.io’s Webtrader is visually pleasing but cannot provide any advantages whatsoever. It’s basic and lacks the functionality of both MT4 and MT5, so to avoid wasting your time with Atomictrade.io’s inferior platform, we’d like to suggest our lists with MetaTrader 4 brokers and MetaTrader 5 brokers. The firms with high ratings are safe, as they are adequately regulated and provide the best platforms for retail trading. Both MTs are industry leaders known for their stability and the abundance of advanced features provided – automated trading and analytical tools, reliable indicators, easy-to-use charting tools and an in-built marketplace with thousands of trading apps. Atomictrade.io’s Webtrader can provide none of these functions, so it’s not worth your time, not to mention that the so-called broker is an unregulated suspected scam!

Atomictrade.io Trading Conditions

The trading conditions are bad! The asset classes available for trading are Forex, Cryptocurrencies, Stocks and Commodities – instruments that any regulated broker will offer, plus many more.

The trading costs are insanely high as the EUR/USD is 5.4 pips all of the time, a rate that’s at least 5.4 times worse than usual – 1 pip difference or below is considered a standard. Put in perspective, clients of Atomictrade.io should pay $54 per lot compared to $10 or less if they trade with regulated brokers! Atomictrade.io is unnecessarily expensive!

The trading risks are unknown as Atomictrade.io conceals the ratio deployed. That’s a red flag as leverage is utterly risky, and customers should always know what’s their level. Trading on hidden leverage makes fraud easier as Atomictrade.io may manipulate the ratio to cause losses among traders! That’s a scam!

But there is yet another critical problem. That is, clients are not allowed to trade demo, and as you can see from the screenshot below, trading is disabled as there are not enough funds! The lack of training accounts with virtual money is another major red flag, and at this point, we can firmly confirm that Atomictrade.io is a scam! You should avoid it!

Atomictrade.io Deposit/Withdraw Methods And Fees

The minimum initial deposit is $2500, which is an insane requirement compared to the affordable brokers, some of which are ready to open an account for as little as $5.

The funding methods are allegedly Credit/Debit cards and Bank Transfers, but we cannot verify this information as the deposit system was not working properly at the time.

As for withdrawals, Atomictrade.io shares few specific details, as it does not reveal restrictions or transaction fees. Nevertheless, the broker reserves the right to impose specific requirements, so we doubt that withdrawals can be unlimited or free of charge.

However, other fees further confirm that Atomictrade.io is an expensive brokerage – an inactivity charge of $50 per month for dormant accounts (no login, no trading, no deposits). In comparison, few regulated brokers charge more than $5 monthly, which practically makes the same service (administration of inactive accounts) 10 times less expensive! Atomictrade.io is a scam!

How Does The Scam Work

Forex scams are not as sophisticated as you might think. The scheme usually consists of a fraudulent website, and a scam call centre called a boiler room. Scammers pay little attention to excellence but want to contact as many people as possible, and for that reason, their websites are usually substandard and ignorant. And to find victims, scammers use social media, Discord groups, Telegram chats, fraudulent ads, and most notably, they interact with hackers to buy people’s details. What usually happens is that you may receive an unsolicited phone call or a chat on social media by scammers who promote get-rich-quick schemes, guaranteed earnings, bonuses etc.

But the worst part of the scheme unveils after the first deposit. Clients will be fooled with fictitious profits, followed by promises for even more gains and requests for more deposits. In the worst case, victims will deposit again, but if they want to withdraw, they will not be allowed to. In a typical trick, scammers say that clients should pay taxes in advance if they want their money back. If this happens, the fraud becomes more than evident, and victims usually realise they’ve been scammed.

What To Do If Scammed

Inform the authorities first – call the police, contact other regulators and agencies and report what happened. Also, deactivate your cards ASAP and call your bank to inform them about what happened. They’ll give you instructions.

Unfortunately, if you deposited cryptocurrencies, there is not much you can do as these transactions are irreversible. If you used your bank card, you’d at least have the chance to file for a chargeback. However, keep in mind that scam recovery agencies are flooding the market, so you need to be cautious while trying to get your money back.

And lastly, consider sharing your experience to help protect others; we’ll appreciate it!

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