• Mon. Apr 15th, 2024

TRADE4WINNER Review (trade4winner.com) FRAUD EXPOSED – TRADE4WINNER Scam Broker

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Byfraudulentbrokers.com

Jul 24, 2023
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TRADE4WINNER Review (trade4winner.com)
Conclusion
After you have done your evaluation of TRADE4WINNER, you can conclude that this brokerage is up to no good and you should look for a different option.
Broker Rating
0.1

TRADE4WINNER (trade4winner.com) is without a doubt a %100 fraudulent brokerage firm. It is NOT a real broker! Stay away! TRADE4WINNER scam works by getting you to believe you can become rich by trading with them.

TRADE4WINNER Review

Online trading had enjoyed popularity from the get go, as it brought the financial markets right at your fingertips, but the last couple of years saw it become an even bigger trend. This was in light of the coronavirus pandemic, not to mention the appeal of cryptocurrencies. The demand for online brokers has also increased exponentially and there are a horde of them ready to offer trading services, but not all of these companies are what they seem. Scams have always been active over the internet and masquerading as brokerages is one trick that has always been effective. This TRADE4WINNER review can give you a good idea of one such broker.

TRADE4WINNER Review
 

Most people are familiar with the phenomenon of scam brokerages i.e. they exist, but they do not know exactly how they operate. Therefore, they do not even realize they have ended up on a fraudulent platform until it is too late. This is exactly what you want to avoid and the only way to accomplish this goal is to pay attention to the details. Most people often let themselves be blinded by the offerings and promises of a brokerage to understand that this is exactly what these fraudsters are counting on.


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TRADE4WINNER
 

If you are not attentive enough, you are going to find yourself be the next victim of a scam brokerage. The thing about these fraudulent companies is that try as they might, they will not be able to withstand a thorough checking. You will see this when you take a look at TRADE4WINNER that seems to tick all the right boxes at first glance. Presented as an award-winning and multi-regulated brokerage, it is offering access to forex pairs, precious metals, soft and energy commodities, indices, shares and crypto pairs.

Then you consider the generous leverage, the welcome bonus and the top-notch trading platform and you will believe TRADE4WINNER is just the brokerage you need. But, there are some disturbing facts about the company that you will discover when you give it a thorough look. Check out the disturbing facts below:

Lies about regulation

The first disturbing fact that you will come to know about TRADE4WINNER is that it is certainly not multi-regulated as it claims. These days, even novice traders understand the importance of dealing with licensed and regulated companies because it keeps them safe from scams and offers them protection and quality that they cannot get otherwise. This is precisely why these companies are given preference over their unregulated counterparts.

Thus, the fact that TRADE4WINNER claims to be regulated will reassure traders, but you have to bear in mind that you cannot take anything for granted. This means rather than believing what you are being told, you have to verify it. The address that TRADE4WINNER gives on its website puts it in the United Kingdom, which means it should have a license from the Financial Conduct Authority (FCA). Checking the FCA’s online register for the broker turns up empty, which means it is not regulated in the country.

This is just the beginning because when you check with the International Financial Services Commission (IFSC) in Belize, the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investment Commission (ASIC), all of which TRADE4WINNER mentions, you will have similar results. It obviously shows that the brokerage is lying about its regulation, which means you cannot trust anything it has to say. It has zero credibility and since there are no other details on the website, it also makes TRADE4WINNER an anonymous brokerage.

Malicious bonus policy

The next disturbing fact that you will come across when you go through TRADE4WINNER’s offerings is its bonus policy. The availability of a welcome bonus is a big draw and many will want to take advantage, especially when you discover just how generous TRADE4WINNER claims to be with its bonuses. Who does not want to benefit from free money? But, nothing is ever available for free, is it? There are always strings attached, which means you need to take a look at the broker’s bonus policy.

This is where you will find the malicious intentions that TRADE4WINNER is trying to hide. According to its bonus policy, accounts that are credited with a bonus will not be eligible for withdrawal until they have achieved a minimum turnover requirement. When you break down the turnover requirement, it turns out to be impossible to achieve because for a $100 bonus, you have to have a turnover of about $1 million. This is not practical at all and is just an excuse that TRADE4WINNER is using to prevent people from making withdrawals.

It is because of these malicious bonus policies that the practice was banned in many jurisdictions in the first place, including the UK, Australia and Europe, all regions where TRADE4WINNER claims to be regulated.

High leverage

Generous leverage ratios have also been advertised at TRADE4WINNER and you will certainly find them going as high as 1:1000. This sounds quite appealing because it means you enjoy lots of flexibility. But, you should not forget that high leverage means higher risk as well. Leverage is a two-edged sword that can multiply your losses as well.

Therefore, regulatory bodies prefer to keep it capped for traders to minimize losses, including those in Australia, Europe and the UK where leverage is restricted to 1:30. The fact that TRADE4WINNER is offering more leverage than the limit, despite making regulation claims is further proof of its deception.

Lacking trading platform

Even though a top-notch trading platform has been promised at TRADE4WINNER, the oversimplified and rudimentary one you find does not come close to what you expect. The web trading platform already has limited functionalities, but the one offered at TRADE4WINNER is even more lacking when it comes to tools and features that you will find where platforms like the MT4 and the MT5 are concerned.

Bottom Line

These disturbing facts that you learn about TRADE4WINNER show that it is not a brokerage that can be considered reliable for anyone and is most likely a scam.

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