The Best Forex Traders

Of course, people looking for a simple trading experience without all that background noise can always opt for the cheaper accounts which still provide quality services for any online trader. Whilst most of our data has been verified directly from these brokers, it can occasionally vary. We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker. Rates, terms, products and services on third-party websites are subject to change without notice. The broker offers around 180 trading assets, lower than most brokers on the market. You can trade with currency pairs, stocks, commodities, indicies, and cryptocurrencies.

As brokers’ terms can change over time, please verify all information is up to date directly from the Trade99 broker website which you can visit by using the link below. You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex trade99 broker reviews. You can also use my free trading tool to compare forex brokers including Trade99. Trade99 has created quite an emphasis on readily-available customer support – whether it is a technical or fundamental inquiry. Trade99’s brokerage services provide a 24/7 live chat support that is readily available for all the clients’ needs.

Meaning that you can use the web trader to execute your trades, but under which terms, nobody knows. Forex scams is an Australian online community that is completely dedicated to helping victims of fraud brokers. At Capital Street FX, our new and existing clients can earn a 150% Instant Deposit Bonus, by simply opening up an account with CSFX, and depositing a minimum of $100.

Trade99 Not Paying? Share Your Experience And Get Help

They deceive you for weeks to finally stop communicate and keep all your money. Trade99 holds a license from the Dominican Regulatory Commission. What this means is that the company had passed all the pertinent requirements for legitimacy and sound operations.

  • Therefore, trade99 has an education section which contains knowledgeable articles and webinars, important for efficient trading.
  • Things got a little heated, he told me in no uncertain terms that he wasn’t having anything more to do with me.
  • A modern trading platform by Trade99 is not only user-friendly, but it also contains the advanced analytical tools necessary to trade in a productive manner.
  • Furthermore, the problem is that the broker doesn’t clearly state the amounts or terms for any of these fees.
  • Fund Recovery Australia never recommends to trade with an unregulated broker.

Trade99 claims to be under the jurisdiction of “The Financial Commission.” This commission is not a financial regulator like the FCA or CySEC. It appears to be nothing more than a small website that gives its approval to offshore brokers, with no apparent review or regulation policies. The Financial Commission has placed Trade99 in its A-Category; it is not clear what this designation implies. Even if the Financial Commission does have the full intent of regulating Trade99, they don’t have the authority of a national regulatory body.

Spreads and Commission — The only thing that is not good with Trade99 is its high spreads. Trade99 charges service fees, withdrawal fees, and deposit fees. The firm offers a trade bonus, which is mainly dependent on the amount of the withdrawal made.

Trade99 Review In Detail

They’re seriously not qualified to be making any decisions using your money. Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back. I put £300 into Trade99 back in MAy 2020 with the promise of using their bitcoin evolution algorithm platform. I have been bombarded by telephone calls to trade, trade, trade, which I resisted.

They provide traders with a good selection of educational resources and a dedicated customer support team. The broker offers multiple trading account options, as well as secure plus500 account funding and withdrawal methods. Clients also get access to a selection of educational resources to help improve their overall trading skills and knowledge.

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To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why Trade99 is a dangerous broker to deal with. Clients can deposit funds through the use of MasterCard and Visa. Meanwhile, withdrawals are quick and conventional, depending on the type of channel you are using to withdraw.

The mobile app will allow traders to trade at any time and from anywhere. The trading platform comes with excellent analytical tools. We aim to provide unbiased online trading broker reviews to give traders a clear understanding of the different brokers available to them. Traders can use our free service but should do their own due diligence and make their own decisions when choosing an online trading broker suited to their individual needs. Trade99’s Supreme Account is an option for the novice trader and investor. It has a required minimum deposit of the bitcoin equivalent of $300, and it offers access to trade over 190 tradable assets along with daily market reviews.

Hot Forex Topics

Since the broker has no regulation, no, your money is not safe with it. We’ve searched the FCA register and could not find Trade99 as a regulated entity. What we did find, however, is the warning against the company. The FCA says that the company ran an unregulated scheme in the UK and warned its citizens against it.

Please fill thecomplaint formof Fund Recovery Australia and start the recovery process. As already made known in the earlier parts of this feature, Trade99 has a license from the Dominican Regulatory Commission. Trade99 knows the game and knows the corresponding penalties for brokerage companies that do not secure their clients’ funds. As such, the company uses SSL Encryption to ensure the safety of funds. Regarding withdrawals, Trade99 ensures a speedy withdrawal process.

However, a company known as Nohelious International Marketing Operations operates Trade99. NIMO is incorporated in the Dominican Republic, a country Major World Indices widely used as a haven for offshore operations and scammers. None of the official regulatory agencies confirmed Trade99 to be registered with them.

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He’s keep on scamming people all over the world except United States of America (maybe he’s afraid). One of their acc manager told me that English is not my first language and that I not logical person. Firms like DRAX SECURITIES can assist you in finding a solution, but it’s always a good idea for anyone looking to invest their money to do their homework first.

The minimum balance required to operate this account type is the bitcoin equivalent of $10,000. It gives traders access to private sessions, executive updates, VIP trading support, 24-hour live support, daily recommendations, and so much more. The broker permits traders fibonacci sequence from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. Part of their unregulated services, the given contact information that Trade99 provides an address in Hong Kong.

Scam Reviews

So any trader should be cautious when trading with high leverage. Trade99 offers trading bonuses and that is a rather controversial practice. The problem with all such promotions is that they are always linked to some additional withdraw conditions, like a minimum trade volume requirement. In the case of Trade99 if you accept a trading bonus of let say 100 USD, in order to be allowed to withdraw any of your funds, you will have to trade at least 2,5 million USD. On top of that Trade99 reserves the right to change their bonus policy whenever they want so you may end up in a situation that you can never reach their ever increasing minimum trade volume requirement.

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