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Table of Contents
Trade Tech Solutions (tradetech-solutions.com)
Conclusion
All of these problems show that Trade Tech Solutions is nowhere close to a reliable broker and you should not believe anything it says.
Broker Rating
0
Trade Tech Solutions (tradetech-solutions.com) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! Trade Tech Solutions scam works by getting you to believe you can become rich by trading with them.
Trade Tech Solutions Review
Your top priority when looking for an online broker should be their reliability. Even if you are starting out, you will quickly come to know about the scams that happen in the trading world and you do not want to choose a brokerage that will swindle you.
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Not only is that experience devastating, it can also hurt your confidence. But, how can you determine which broker is reliable? This is the big dilemma most traders face because on the surface, it is difficult to find out if there are any issues. You have to look underneath to do so, as you can see in this Trade Tech Solutions review.
Considering that there is fierce competition in the market, with the number of online brokers growing exponentially with each passing day, you should not be surprised that every company will promote and market its own services and offerings.
This is the norm in every industry, but you have to be the skeptic here because some of the brokers doing so could just be scams that are trying to fool you. Why make it easy for them? The key to remember is that no matter how the companies appear on the surface, the fraudulent ones are always going to have some shortcomings that you cannot take lightly.
If these flaws exist, you need to be aware of them because they will tell you that the brokerage in question is not reliable and you should seek another one. It might seem difficult initially, but it really is not because the indications are right there.
All you have to do is look, as in the case of Trade Tech Solutions that is using deceptive statements for duping traders into thinking that it is a legitimate and reliable broker, when it could not be further from the truth.
Most of the claims that Trade Tech Solutions has made on its website are downright false, which show that the broker you are dealing with is just a sham. You can find more details below.
Lies about licensing
Everyone knows that the best way to avoid getting scammed by an online broker is to choose one that is properly licensed. A license is granted to brokers after they fulfill some requirements and it implies that they are in compliance with the laws and regulations and are capable of providing quality services as well as security.
This is precisely what you want in a broker and only legitimate ones would be able to go through the stringent process, while scam ones would fail.
The trouble is that a lot of scam brokers simply claim to be licensed in order to fool people, as many people may not bother following up. This is something you need to avoid because nothing can be taken for granted.
You will see this in the case of Trade Tech Solutions because it also claims to be a licensed broker, when it really isn’t. First off, it mentions that it is registered in Saint Vincent and the Grenadines, which should be enough to warn you. SVG is an offshore jurisdiction with a reputation of being a scam haven as there is no regulation for forex markets.
Therefore, a registration in Saint Vincent and the Grenadines adds no credibility to Trade Tech Solutions whatsoever. Apart from that, you will find that Trade Tech Solutions is trying to confuse you because it has listed a bunch of license numbers to show that it is regulated in several regions. But, it fails to mention the name of the regulatory bodies that have issued the license numbers, which means they are just another sham and should best be ignored.
False trading software claims
You need to have access to a trading software to actually engage in online trading and it is the job of a broker to provide you one. You are promised a software by Trade Tech Solutions and you will notice that it promises the industry-leading MT5, which is undoubtedly impressive. This software has become the top one in the market because of its advanced technology and array of trading tools.
The trouble is that when you try to download the MT5 software from the Trade Tech Solutions website, it takes you to the website of the software’s developer. There you are given the option of downloading the trial and unbranded version of the software that is available to everyone and has absolutely nothing to do with Trade Tech Solutions at all. This means that the broker is just misleading its clients and it does not offer the MT5 at all.
As a matter of fact, since there is no other software on its website, it means that Trade Tech Solutions is not offering any software, which means it does not provide trading services. What kind of broker would do that? The fraudulent kind.
Excessive leverage
The leverage ratios offered by Trade Tech Solutions may appear to be attractive to many traders and this is precisely what it is counting on. However, you should be aware that such levels of leverage are very risky and should not be considered a good sign. Lots of regulatory bodies have capped leverage levels that can be offered to traders because they know that these can be risky.
Yet, you will find that leverage ratios of 1:500 are promised at Trade Tech Solutions and this clearly shows that the broker is only interested in drawing people to its platform and is not interested in playing fair at all.
Payment options
The accepted deposit and withdrawal methods that have been advertised on the Trade Tech Solutions website are bank wire transfers, Perfect Money and cryptocurrencies. There is one thing common in all of these payment options; none of them qualify for a chargeback.
This means that payments made through these methods are irreversible and you will not be able to get your money back after you have deposited. It is the reason why most scammers only offer such payment options, while legitimate brokers will always give you other options.
The Answer
All of these problems show that Trade Tech Solutions is nowhere close to a reliable broker and you should not believe anything it says.
