With such a high minimum deposit requirement, wouldn’t you want to check your broker first? We’ve done it for you and compiled all the necessary info in our Atomic Trade Review.
Here, you’ll read about the broker’s license, fraudulent practices, areas of activity, trading platforms, conditions and payment methods. Spoiler – Atomic Trade is a trading scam.
Yes, you’ve read that right. We checked Atomic Trade’s regulation and it doesn’t exist, i.e. the phony broker has no trading license.
Since Atomic Trade claims to be based in London, the logical step is to check the database of the UK’s Financial Conduct Authority (FCA) and see if we’ll find an entity by the name of Atomic Trade.
Nothing? We rest our case. Atomic Trade is not a legit UK broker and doesn’t have a trading license. Please stay away from this anonymous cyber scammer.
Instead, find a broker that’s actually licensed by the FCA, or any other Tier 1 regulator for that matter (ASIC, FINMA, CFTC, etc.). Brokers operating under the European Securities and Markets Authority (ESMA) are a safe bet. Make sure your provider is registered with your local regulator.
Atomic Trade is not authorized to operate in Canada, which is a tightly regulated domain. The fraudulent broker is also not allowed to provide services in the UK or the EEA zone.
We did some research to find out where Atomic Trade was active. Turns out, the scammer managed to infiltrate some domains with heavy regulations:
So far, only the Canadian regulators have reacted to this threat. We must urge other regulators as well to issue warnings against Atomic Trade.
Atomic Trade included a phone number and an email. As far as social media goes, the website didn’t include links to platforms but we found out that Atomic Trade lured one victim on Facebook.
Other than a phone number and email, Atomic Trade could be buying Google ads to promote its fraudulent scheme.
Scammers usually hire agents to run online marketing campaigns for them. That’s how they look for potential victims on the Internet.
Trustpilot has warned us about deleting numerous fake reviews of Atomic Trade. On the broker’s page, it seems that most complaints were flagged as inappropriate.
Nevertheless, the PersonalReviews forum is full of complaints against the broker, all saying 100% scam. It seems that Atomic Trade and withdrawal issues go hand in hand.
I got scammed by Atomic Trade for 9k in Dec/22 for 9K the Brokers name is Raj Kapoor and his partner Harold, they were using Petro Canada stock to lure me in on Facebook these are Rotten people beware!
The choice of trading platforms is really important. Atomic Trade claims to offer three – MetaTrader 4 & 5, and WebTrader.
MT4 and MT5 are available for both Windows and MAC while only MT4 has an Android app version. WebTrader is a browser-based platform that can be accessed online.
We got to see Atomic Trade’s WebTrader. Nothing special, really. You have some rudimental indicators and graphs and that’s about it.
This web-based trading terminal is nowhere near the MT platforms in terms of advanced tools and features.
MT platforms were designed by MetaQuotes to revolutionize the trading industry. These amazing platforms offer cutting-edge options such as automated trading, multiple timeframes, a user-friendly interface, etc.
MT5 is available only for Windows and MAC while MT4 has a mobile version for Android in addition to the aforementioned desktop versions.
Keep in mind that even scammers such as Atomic Trade can sometimes get their hands on advanced trading platforms such as MT4 or MT5. But don’t fall for this trap, Atomic Trade is not regulated and could thus easily defraud you.
Here are the trading assets that Atomic Trade claims to offer:
Atomic Trade didn’t disclose the spread that it offers or how much it charges per trading lot. That’s pretty shady, not revealing the trading costs.
On the WebTrader, the spread for the EUR/USD pair is pretty tight but the platform itself could be rigged. We would need a demo account to test this out but Atomic Trade doesn’t offer it.
According to Atomic Trade’s website, there are six different trading accounts available:
The prices of these accounts are atrocious. No sane broker would demand that you pay 2,500 $ just to open a simple retail account.
Atomic Trade’s leverage is unknown but the broker promises bonuses and guaranteed returns. Both are dead giveaways that we’re dealing with a scammer.
Bonuses are banned in the UK and as for guaranteed returns, no broker would say such a thing. Trading is a risky business that is unpredictable in most cases and nobody can “guarantee” you anything.
No. Atomic Trade did allow us to see the web-based platform but not to actually trade. This way, Atomic Trade implies that you have to open a live account if you want to try out trading. Don’t fall for this trap, please don’t invest to trade with Atomic Trade.
We read Atomic Trade’s withdrawal policy and found out that only two funding options are available:
Fees do exist, supposedly, but Atomic Trade didn’t disclose them. The minimum deposit is obnoxiously high – 2,500 $! It’s simply too much to risk with such a dishonest broker.
If you’re experiencing withdrawal issues, you can write a complaint on one of the forums to warn other traders.
If Atomic Trade violated any terms and conditions, please notify our team. We will surely report this scammer to financial authorities. Global Fraud Protection can also help you get your money back.
Our experts specialize in bank chargeback and recall procedures as well as advanced crypto-tracing methods such as the CipherTrace software.
If this broker steals your money, start the chargeback process. Contact us via Online Chat to set up your free consultation with our team.
No. Atomic Trade has been blacklisted as a scam by two Canadian regulators. Please do not invest in Atomic Trade!
No. Atomic Trade allows you to see the trading platform but not actually trade on it.
Allegedly, Atomic Trade offers an Android version of MetaTrader 4.
MT platforms are great, WebTrader is not, but Atomic Trade’s unregulated status is a huge problem.
No. Atomic Trade has been blacklisted as a scam by two Canadian regulators. Please do not invest in Atomic Trade!
No. Atomic Trade allows you to see the trading platform but not actually trade on it.
Allegedly, Atomic Trade offers an Android version of MetaTrader 4.
MT platforms are great, WebTrader is not, but Atomic Trade’s unregulated status is a huge problem.
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