Sure Trade Group review – 5 things you should know about suretradegroup.ai

Beware! Sure Trade Group 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.

Sure Trade Group is presenting itself as an award-winning global leader in online trading that will give us a smooth start to our trading careers. But nothing on this cheap-looking website gives us confidence that this is true. Even a basic fact-check shows that Sure Trade Group is nothing more than yet another online scam. In this review, we’ll take a closer look at why you should never trust your money to Sure Trade Group and recommend more trustworthy forex brokers.

Sure Trade Group Regulation and safety of funds

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam.

Sure Trade Group does not provide information about the legal entity that operates this website or about its regulatory license.

An incomplete contact address in London is given, but the text of the Terms and Conditions lists Estonia as the applicable jurisdiction.

A check of the records of the relevant regulators shows that neither in the UK nor in Estonia is there a licensed financial services provider using the Sure Trade Group name and domain.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

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 Financial Conduct Authority (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.

Sure Trade Group Trading software

Sure Trade Group promises a choice of 10 trading platforms, but actually offers only one very rudimentary web platform. But even if Sure Trade Group had a more convincing platform, that would not make this website credible. Fake brokers use rigged trading software to mislead their victims that their money is really being invested. But this trade is entirely sham.

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.

Sure Trade Group Trading instruments

Sure Trade Group advertises trading in over 200 instruments, including cryptocurrencies. This is further evidence that this is not a licensed broker based in the United Kingdom. The FCA prohibits local brokers from offering cryptocurrency trading to retail customers.

Another such piece of evidence is the claim that Sure Trade Group offers bonuses. Regulated brokers are prohibited from offering bonuses and promotions. Scammers often use promises of supposedly generous bonuses to tie their potential victims to extortionate terms.

Sure Trade Group Spreads and cost of trading

Sure Trade Group does not provide information on most trading parameters, including the price paid by the trader. In the trading platform we see a zero spread, which suggests that the broker charges some commission. But the amount of this commission is not indicated.

Sure Trade Group Maximum leverage

Sure Trade Group claims to offer leverage up to 1:50. The maximum leverage allowed in the jurisdictions in which the Sure Trade Group claims to be licensed is 1:30. 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.

Sure Trade Group Deposit and withdrawal methods

On the homepage of the website, we see logos of credit cards and other popular payment methods. But in the deposit menu itself, the choice is only between different cryptocurrencies.

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.

Sure Trade Group Minimum deposit

Sure Trade Group does not specify a minimum deposit. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors.  You have no good reason to take chances with shady brokers like Sure Trade Group.

Sure Trade Group Withdrawal requirements

In the Deposits and Withdrawal Policy  we see familiar scam traps designed to block withdrawal requests. A 10% levy will be charged by an account that has not met the vaguely worded minimum traded volume requirement of “200 in turnover”, which presumably should mean 200 lots, or 20 million currency units.

Withdrawal fees vary between 25 and 50 USD/GBP/EUR depending on the payment method. In addition, there is a processing fee. Legitimate brokers do not normally charge transaction fees, and when they do these fees are much lower.

Sure Trade Group imposes a minimum withdrawal amount of between 100 USD and 250 USD depending on the payment method. There is also a hefty monthly fee of 10% for accounts that have not been active for more than six months.