ATrade International is a highly popular brokerage. However, it seems to run unlicensed. Therefore, we decided to present our readers with a detailed ATrade International review that will elaborate on all the issues.
Stay safe, and don’t let anyone steal your money. This article will guide you through all the fraudulent tactics, so you don’t fall for any.
ATrade International doesn’t give many details on its website. At least not about what matters the most – owner, headquarters, and licensing information. On its social media pages, the company provided an address in France. Logically, ATrade International regulation should be with the French authority, AMF.
Once we searched through the said register, we found nothing. Just in case, we scraped databases of the FCA, ASIC, CONSOB, and other major regulators, but our search yielded no results.
As an EU member, France follows ESMA directives regarding broker transparency and leverage limitations. Hence, the leverage cannot exceed 1:30 for retail traders. And yet, ATrade International advertises up to 1:500, directly violating European laws.
If you have any details about this or any similar broker firm, don’t hesitate to report it to our dedicated staff.
ATrade International is an unregulated online trading broker. The company has a concerning number of negative online reviews.
Our in-depth research of this broker’s business shows that the company is mainly advertising services in the following countries:
However, as much as the site is visited, more disturbing reviews emerge, and we’ll show them to you in the following sections of this review.
You can find the name ATrade International all over the internet. And the reviews are pretty divided, with the negative ones prevailing lately. At the time of writing, the company had 252 reviews on Trustpilot, with an average rating of 3.1/5 stars.
The main issue seems to be the additional fees and taxes this company demands. Namely, once a customer asks for a withdrawal, they’re prompted to pay a tax of over 30% upfront before they get a penny back. Then, the broker simply stops responding.
Here’s one of the reviews for you to see:
“Never ever invest with ATrade, it’s a scam. They show you bigger profit and ask for more money. But I asked for withdrawal then they asked me to pay 32%tax to them. But they didn’t even tell me in the beginning about taxes. I didn’t give them any additional money as they are scam brokers.” – Trustpilot Customer, April 5th, 2023
Another disappointment in dealing with this firm is the ATrade International trading platform. The brokerage only offers WebTrader. The only benefit of a browser-based solution is the fact that we don’t need to install anything.
However, no such platform can come near third-party ones, such as MT4, MT5, or cTrader. Each of these supports advanced features such as EAs and social trading while also offering fund security. While WebTrader can easily be manipulated, which we saw in the reviews that ATrade International does, third-party software cannot.
The company claims to offer a dedicated mobile app for Android and iOS. However, there are no links, and accessing them is impossible before paying money. Therefore, we will withhold ourselves from commenting further.
If you are still on to trade with this investment firm, you can do so by investing in the following assets:
When you look at the list, it seems like plenty. If you remember that the company has no license and your money is not protected, you should understand that the best course of action is to avoid ATrade International broker.
The brokerage advertises a spread of 0.8 pips for the EUR/USD pair. However, without platform access, we cannot confirm it. Additionally, they claim to offer raw spread accounts where you have to pay certain commissions, but without specifying how much. Finally, swaps apply to all accounts except for the Islamic one.
Let’s take a look at all six ATrade International account types and see if they’re worth your time and money.
So basically, an unregulated anonymous broker asks you to pay a minimum deposit of $10,000 to earn any benefits. At the same time, they’re also not ashamed to advertise an account worth a whopping $2 million. We’re unsure if this is a joke or if they really believe they’re worth these sums.
You can use an Islamic swap-free account and trade without overnight fees but with added commissions. However, there’s no ATrade International Demo account.
Instead of allowing you to test the system, this company requires a minimum deposit immediately. And considering the risks, you have no reason to go for it. Legitimate brokers often have Micro accounts starting at as low as $10, including risk-free Demo.
As you had a chance to look through the reviews, this brokerage asks customers to pay fees and taxes before approving a payout request. And they go big, asking for more than 30%.
Note that your taxes are paid through the IRS, and broker fees are deducted from your profit. You have no reason to make any additional transfers from your bank account, card, or crypto wallet.
As per ATrade International withdrawals, the FAQ section reveals a minimum amount of $200. If you have in your account less than this, you need to deposit it first before being able to get your money back.
ATrade International is a widespread trading fraud. If you fall for their telltale, don’t beat yourself over it. It can happen to the best of us.
However, you should take some steps for recovery, and you should do it immediately. Book your free consultation, and let’s see how you can recover what’s rightfully yours! Our chargeback experts are ready to assist and evaluate your case.
ATrade International is an unregulated trading brokerage. If you have already invested your hard-earned money, we might be able to assist you.
No, ATrade International doesn’t offer its customers a risk-free Demo account.
The minimum deposit this broker requires is $250.
ATrade International is an unregulated trading brokerage. If you have already invested your hard-earned money, we might be able to assist you.
No, ATrade International doesn’t offer its customers a risk-free Demo account.
The minimum deposit this broker requires is $250.
The post ATrade International Review – ATrade International Is Not a Broker You Trust appeared first on Global Fraud Protection.
