• Mon. Apr 15th, 2024

CsTrades Review (cstrades.com) FRAUD EXPOSED – CsTrades Scam Broker

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Byfraudulentbrokers.com

Oct 9, 2023
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CsTrades (cstrades.com)
Conclusion
All of these holes you discover in the offerings of CsTrades show that you are likely dealing with a scam broker.
Broker Rating
0.1

CsTrades (cstrades.com) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! CsTrades scam works by getting you to believe you can become rich by trading with them.

CsTrades Review

Hundreds of thousands of online brokers have flooded the markets, which means that traders have plenty of options to choose from. But, this does not mean that you can expect the same level and quality of services from all.


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No two platforms will offer you the same services and this requires you to make your choice carefully because you do not want to make the wrong decision that could ruin your trading experience. After all, you will soon find out that some of these brokers are scams, which means you have to be extremely careful. Going through this CsTrades review is one way of protecting yourself.

Even though most people are aware of online trading scams, the number of victims continues to climb. This is because either choose their brokerage in a hurry, or do not have any idea how to identify these scams. When these scams first started happening, they were not very well-designed, so eventually people learnt to spot them.

But, they have gotten quite good at what they do over the years and have lots of resources at their disposal that they can use for disguising themselves well. Nevertheless, you do not want to become just another victim, so you should be aware of how these fraudulent brokerages operate.

The good news is that it is not too complicated and it does not require you to have any special knowledge. Scammers may be able to hide, but this does not mean that you cannot find out the truth. All it takes is a closer look at their offerings and you will be able to learn the truth. These fake brokers are very much like a house of cards that falls apart fairly quickly when you begin taking a closer look. You can see this yourself with CsTrades that boasts about being the one of the world’s leading forex brokers based in the UK.

CsTrades website

You will see that CsTrades has advertised an array of trading instruments and paired them with lucrative trading conditions and the top trading platform. This makes it seem like a good package, but the reality is not even close to it. In fact, you will eventually learn that CsTrades is nothing more than a scam. How? Read on to find out.

No license

Any online broker that operates without a license should immediately be put in the shady category. Any company worth its salt would always seek a license in the region it is based in because it understands that this is how it can built credibility and trust with its clients. It reassures traders that they are dealing with a broker that offers quality services and can also be held accountable if there is any dispute. Moreover, it is a promise of security, both of your funds and your personal information.

Thus, when you realize that CsTrades has not mentioned a license on its website, you should immediately be alerted. It should be noted that it claims to be operating in the United Kingdom, which is one of the world’s most heavily regulated regions. This implies that CsTrades should have a license because brokers are not permitted to operate in the UK without one. If any company is doing so, it means it is breaking the law and operating illegally, something no legitimate company would ever do.

A look at the online register of the Financial Conduct Authority (FCA), which is the regulatory body of the UK, shows that CsTrades is not listed. This confirms that it does not have a license, which means it cannot be trusted and there is a good chance that the corporate address it has shared on its website is false.

False trading platform claims

One of the biggest attractions that will draw you to the CsTrades website is the trading platform it is claiming to offer to its clients. Even if you are just starting out, you are probably already aware that the MT5 is the top platform in the market. It uses powerful technology for delivering superior trade execution and has state-of-the-art trading tools that can help in making smart and profitable decisions. If CsTrades is truly offering this platform, it would certainly work in its favor.

But, you will learn quickly enough that this is yet another false claim. There is no MT5 platform available for download on the CsTrades website. The actual trading platform it is offering is a web-based one that is extremely oversimplified and nowhere close to what the MT5 is capable of offering. This shows that CsTrades is trying to mislead people into signing up on its platform and this is not a move that a genuine broker would ever make.

Unfavorable trading conditions

You want to have access to good trading conditions because this can help you achieve your goals of high profitability, but this depends on the brokerage you choose. Like others, excellent trading conditions have also been advertised at CsTrades and you need to check them out. Taking a closer look shows that this is yet another story that the brokerage is telling because the conditions cannot be considered good in any way.

The spreads that CsTrades is offering start at 3 pips, which are considered too high. Most competitive platforms will give you spreads as low as 0.5 pips, or even lower. This is certainly not happening here. Likewise, the leverage ratios that you are offered at CsTrades are also a black mark against the broker because they confirm that it is not based in the UK, or not licensed to operate there.

The leverage ratios begin at 1:100 and go as high as 1:500 at CsTrades, but brokers in the UK are not allowed to offer leverage levels higher than 1:30 due to risk. Apart from that, you will find that CsTrades is also asking for a minimum deposit of $500 instead of the standard $250, which is also not a good sign.

Conclusion

All of these holes you discover in the offerings of CsTrades show that you are likely dealing with a scam broker.

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