ТradeAi-Group review – 5 things you should know about tradeai-group.com

Beware! ТradeAi-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.

ТradeAi-Group claims to be a broker that offers cutting-edge technology. But in preparing this review, we found no evidence that this is a legitimate financial services provider at all. In fact, ТradeAi-Group is undoubtedly yet another online scam posing as a forex broker. Let’s take a detailed look at why you shouldn’t trust your money to this website and what better options you have when choosing an investment intermediary.

ТradeAi-Group Regulation and safety of funds

ТradeAi-Group does not disclose which company is behind the website. Even the text of the legal documents does not mention the name of the legal entity. Nowhere is a contact address given and no details of a regulatory licence are provided. The Terms and Conditions and other documents are simply Microsoft Word files that have to be downloaded from the website, which in itself is very suspicious.

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.

Our suspicions that ТradeAi-Group  is a scam have been confirmed by the Belgian Financial Services and Markets Authority (FSMA). Regulator has blacklisted this website.

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.

You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Investments Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

ТradeAi-Group Trading software

Although an obvious scam, ТradeAi-Group has web-based trading software. Fake brokers use rigged trading platforms to fool their victims into believing that their money is really being invested in financial instruments.

While the platform has the basic features for placing orders, customising charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

ТradeAi-Group Trading instruments

ТradeAi-Group ‘s trading software includes currency pairs and CFDs on commodities, stocks, indices and cryptocurrencies. But the trading offered by this anonymous and unregulated website is undoubtedly fictitious. If you want to trade the financial markets it is in your best interest to do so through a duly licensed broker.

ТradeAi-Group Spreads and cost of trading

In the trading platform we see a relatively standard spread of 1.1 pip. But the Client Agreement describes fees and commissions that are not charged by legitimate brokers -3.25% management fee per 6 months, 3.50% quarterly trading commission and 30% benchmark fee based on account type settings. This proves definitively that we are dealing with blatant fraud, not a genuine broker.

ТradeAi-Group Maximum leverage

ТradeAi-Group advertises leverage up to 1:500. This is not a level that you see with regulated brokers. Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally. All leading regulators limit leverage for retail traders. In the EU, UK and Australia the maximum permitted level is 1:30 and in the US it is 1:50. This maximum level only applies to trading major currency pairs, with even more limited leverage for more volatile assets.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

ТradeAi-Group Deposit and withdrawal methods

At the time of writing this review the deposit menu was not active. We were therefore unable to ascertain what payment methods were available.

Experience has shown that fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

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.

ТradeAi-Group Minimum deposit

ТradeAi-Group requires a minimum deposit of 5000 EUR. For as little as 50 or even 5 EUR/USD you could open a starter trading account with a legitimate and established broker.

ТradeAi-Group Withdrawal requirements

ТradeAi-Group charges unexplained 25% fee for “early withdrawal”. If the account has used a bonus, the withdrawal of funds is subject to meeting high minimum volume requirements. These requirements are quite high – 25 times the bonus amount plus the deposit. These are also typical scam traps designed to block any withdrawal requests.