Fundedsignaltrades review – 5 things you should know about fundedsignaltrades.com

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

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Fundedsignaltrades assures us that behind this regulated investment firm is a team of professionals who will help us make money in a smart and efficient way. But fact checking shows that behind this anonymous website could only be professional fraudsters. Fundedsignaltrades is trying to capitalize on the hype surrounding cryptocurrencies and scam inexperienced people looking for passive income. In this review, we will present the evidence that it would be a big mistake to trust your money to Fundedsignaltrades.

Fundedsignaltrades Regulation and safety of funds

The home page of the website assures us somewhat suspiciously that this company “conducts absolutely legal activities in the legal field”. But the website does not even disclose the name of this company. Nowhere is there any legal documentation, such as a Customer Agreement, as required by a licensed financial services provider. If you don’t know exactly who you’re dealing with and what the terms of the deal are it would be an obvious mistake to put your money on the line.

When you visit the website of a legitimate broker you can expect to find clear and detailed information about the company that owns and operates it, where it is based and what regulatory regimes it is subject to.

Fundedsignaltrades provides a UK contact address which is undoubtedly fake – such an anonymous website could not legally operate in a regulated jurisdiction.

The UK’s Financial Conduct Authority (FCA) confirms this by blacklisting Fundedsignaltrades.

If you want to trade on financial markets without being scammed, you can turn to some of the legitimate brokers that actually operate from established financial hubs like the UK. These brokers have to meet stringent requirements for financial stability and transparency of operations imposed by the FCA.

They must provide clients with negative balance protection and to participate in a guarantee fund that covers up to GBP 85,000 of a client’s investment should the broker go into insolvency. These brokers are also required to keep their clients’ money segregated from their own operating funds in separate bank accounts.

Fundedsignaltrades Trading software

On the homepage of the website we see advertising images of trading platforms, but after registering an account we do not get access to any trading software. Fundedsignaltrades does not have the technical capacity to offer the services it claims.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Fundedsignaltrades Trading instruments

Fundedsignaltrades advertises that it offers cryptocurrency trading. But the FCA prohibits brokers from offering crypto derivatives trading to retail traders. So this is further proof that Fundedsignaltrades is not the regulated investment intermediary it claims to be.

Fundedsignaltrades Spreads and cost of trading

Legitimate forex brokers offer a variety of trading account types tailored to the needs of clients with different capital and investment intentions. These brokers also provide clear and detailed information on trading parameters – leverage, spread, commissions, order execution method, etc. All of this is completely missing from the Fundedsignaltrades website.

Fundedsignaltrades Maximum leverage

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk. If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Fundedsignaltrades Deposit and withdrawal methods

As one would expect from a scam centered around cryptocurrencies, Fundedsignaltrades only allows the deposit of funds through this payment method.

Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Fundedsignaltrades Minimum deposit

Fundedsignaltrades requires a relatively low initial investment of 50 USD. But this should not tempt you. For as little as 5 USD you could open a genuine trading account with a well-established and duly licensed forex broker.

Fundedsignaltrades Withdrawal requirements

Since Fundedsignaltrades does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.