Trade212 Review
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Trade212 Review: A Suspicious Trading Platform
Trade212 is another online trading platform that claims to offer financial services to investors. All equities, indices, commodities, and even FX are allegedly offered by the company. This, however, turns out to have a deeper truth as its credibility is seriously doubtful. There are several red flags highlighted in this Trade212 review, such as a non-functional website, a low score on Trust, and warnings given by financial bodies.
Website and Trust Issues
A significant red flag for Trade212 is a non-accessible website, https://www.trade212.io/. As mentioned earlier, a reputable trading platform should have an excellent website. However, the current state of the website of Trade212 is useless, indicating its genuineness. Further, it has a low Trust score, which is only 1/100. Extremely poor trustworthiness can result due to severe complaints against the trading platform or numerous unsettled customer complaints or fraudulent activities.
Regulatory Concerns
Despite it being allegedly operated based in the UK, there is no record of Trade212 in the FCA database. Therefore, no proper authorization makes this platform risky for customers as a whole. Every authorized trading platform needs to be registered with the FCA to abide by the rules that govern the industry and give protection to consumers.
New Zealand FMA Warning
The New Zealand Financial Markets Authority (NZ FMA) has raised a warning about Trade212, which was connected to a fake celebrity investment scam. The warning also revealed a list of fake trading sites, which had included Trade212 in their scams. Scammers, in most cases, use fake celebrity endorsers to manipulate unsuspecting investors into transferring funds with them, promising high returns. These tricks apply mostly to unregulated brokers manipulating traders and disappearing with their money afterward.
Trade212 Review: Signs of a Scam
Some indications make many believe Trade 212 is unreliable.
- Non-Functional Website: A trading platform without an active website is a major red flag. This recommends that the website has closed down or is attempting to keep away from examination.
- Unregulated Operations: For lacking FCA registration, Trade212 operates illegally in the UK, raising more potential risk for traders.
- Extremely Low Trustscore: A 1/100 Trustscore is a reflection of negative feedback towards the platform, probably based on financial malpractices.
- NZ FMA Warning: Involvement in a fake celebrity investment scam confirms fraudulent activities associated with the platform.
Conclusion
The Trade212 review will determine that this is not a safe trading platform. With an inoperative website, no regulatory approval, and a warning from the NZ FMA, it appears that this is some kind of very suspicious business. Investors should avoid any dealings with these platforms and always check the legitimacy of a broker before investing. If you have already had issues with Trade212, then you can report the incident to the financial authorities for further action.
Take Action Now
If you lost your money by Trade212, act fast. Find out what you can do, file chargebacks, file a complaint, and speak with scam recovery experts. You will take the necessary actions because waiting could make it more difficult for you to be able to get your money back. Perhaps having an expert guide you step-by-step could increase your chances of getting your money back. Go to CryptoScams.com.au for professional advice and assistance to get you started on your path to recovery. Take action immediately to prevent losing out or being denied further losses.
Also, check some scam broker reviews here.