TradeMasterCFD Review: Is Trademastercfd.com Legit or Scam?
GET A FREE CONSULTATION
Although online trading has spread its wings widely, selecting a broker is an important job. TradeMasterCFD recently took the stage, but all the publicity about it is not good. This review exposes all details of TradeMasterCFD and the significant red flags while indicating that this broker might be a scam.
TradeMasterCFD Background Overview (trademastercfd.com)
TradeMasterCFD claims to be the gateway to a wide range of trading activities related to a different financial asset– stocks, forex, commodities, indices, and cryptocurrencies. The company also asserts that it offers premium trading tools, user-friendly platforms, and ideal trading conditions to users. According to their official website, trademastercfd.com, these are core values; Transparency, Superior Technology, and Low Spreads.
New Domain and General Information
The first and most critical factor to consider while analyzing an online broker has to do with the age of its domain. TradeMasterCFD’s domain, trademastercfd.com, was registered newly, which is a red flag. As per Scamadviser, the website has recently registered itself, and the trust score is very low; it reflects the risk to users. The owner hides his identity through a paid service, while the site does not have significant traffic, and all these points to a high dubiousness of the site.
AMF and FSMA Discovered TradeMasterCFD
All these regulatory warnings are really serious criteria for judging a broker’s credibility. Like all other websites, TradeMasterCFD has been incorporated by the Financial Services and Markets Authority (FSMA) and AMF into their list of illegal companies operating in Belgium and Quebec. This indicates that this broker shall provide unauthorized financial services without adhering to Belgian financial law, like lacking proper authorization or failure to publish a prospectus. All of such regulatory activities raise major red flags to prospective investors.
Red Flags And Negative User Reviews
User experience is by far the best measure of a broker’s mode of operation. Many reviews and reports keep surfacing as alarming about TradeMasterCFD. BrokerChooser advises users to steer clear of trademastercfd.com until the brokerage is brought under the regulation of a top-tier regulator as this market is potentially dangerous for investors. Scamadviser scores trademastercfd.com very low on trust and mentions many negative aspects like hidden owner details, low traffic, and association with spammers and scammers. All these user testimonials besides expert analyses cumulatively put a lot of doubt in the broker’s authenticity and credibility.
In this conclusion, serious online trading requires the right due diligence. Indictment markers from the TradeMasterCFD encompass a consensus of; regulatory warnings, negative public reviews, and lack of openness. Potential investors should strictly avoid dealing with this broker and seek platforms that are fully regulated and have made good reputation in the trading community. Prioritizing safety and credibility over offers saves investors from such potential scams and financial losses.
If you have lost your invested funds, take immediate action by reporting the TradeMasterCFD fraud, requesting chargebacks, and speaking with scam recovery experts. Start your fund’s recovery journey right now with CryptoScams.com.au.
Also, check some of the scam broker reviews here.
Visit our CryptoScams Facebook Page.