TrustPac Review – Unregulated Broker with Red Flags

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TrustPac Review: A Detailed Look at the Scam Broker

This TrustPac review will offer a view of the warning signs about this broker, revealing its unlicensed operations, anonymity, and the countless complaints filed by traders who have become victims of its scamming.

TrustPac Scam: An Overview

TrustPac, operated by http://trustpac.io, is an unregulated forex broker that claims to be a real trading platform. It has so many red flags. As its website is currently down, which certainly throws doubt regarding its legitimacy, TrustPac is also anonymous, such that no physical location was revealed, making it almost impossible for traders to trace or hold such brokers accountable.

As far as domain registration history is concerned, TrustPac was registered in 2021 and will be due to expire in 2026. However, it is a platform that can never be trusted for trading because of its lack of transparency and lack of regulatory approval. It provides a WebTrader platform with mobile trading facilities and trading instruments such as Forex, commodities, indices, cryptocurrencies, and shares. In addition to its wide variety of services, its 1:100 maximum leverage is another cause for concern since most regulated brokers provide much lower leverage to help shield traders from too much risk.

Regulatory Issues and FCA Warning

One of the largest issues with TrustPac is that it is not regulated. The broker is not authorized to offer financial services, so traders who invest their funds with TrustPac do not have any legal recourse. The Financial Conduct Authority (FCA) warned against TrustPac on April 22, 2021, citing its scam nature. The lack of regulatory control means that the money of traders is at risk, and no governing authority exists to hold TrustPac responsible for any wrongdoing.

Negative TrustPac Reviews and Customer Complaints

A TrustPac review reveals many complaints from users. On Reviews.io, various traders have made complaints of having been defrauded by the broker.

One Omaha, Nebraska, trader recounted how they had lost $53,700 in only two weeks attempting to exchange cryptocurrency on TrustPac.
Some users complain that their withdrawal requests have been consistently denied without reason.
Numerous traders have described TrustPac officials insisting on additional money based on market trends. When they objected and demanded their original deposits back, the broker cut them off.
Some of the traders said they sent several emails requesting assistance, but all their efforts were ignored.

Why You Should Avoid TrustPac?

Substantial research and several TrustPac reviews provide irrefutable proof that this broker is most definitely a fraud. Reasons to keep away from the TrustPac include:

Illegitimate operations: TrustPac has no legitimate regulation in its operational activities; it is not safe to trade with.
Nonfunctional website: TrustPac’s site is not functional.
Bad customer reviews: Several traders experienced much difficulty in making money lost and cashing out.
FCA warning: An official warning has been issued against this broker by the UK’s Financial Conduct Authority.

Take Action Now

Due to numerous complaints and fraudulent activities, investors are advised to stay away from TrustPac and opt for a fully regulated and transparent broker. If you have deposited money with TrustPac, try to withdraw it with the help of an online fund recovery service. Start your recovery process now at CryptoScams.com.au.

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