We suspect that PoloTrade365 is not a legit broker. Despite focusing on the Arab market and clients, this brokerage actually claims to be based in the United Kingdom.
However, it turns out that this company is not licensed to provide trading services. All the answers and information about the broker can be found in our PoloTrader365 Review.
PoloTrade365 is not a regulated brokerage. Allegedly, this entity is based in the United Kingdom, which can be easily checked. We searched through the register of the UK’s Financial Conduct Authority (FCA), which regulated the financial market in that country, but did not find any such entity.
Our advice is that you find a reliable provider with a Tier 1 license, issued by reputable authorities such as the aforementioned FCA, the CFTC (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), etc. That way, you will get benefits such as negative balance protection, segregated funds, and even a compensation scheme (i.g. up to 20,000 EUR in Europe).
They are SCAMMERS, not legalized anywhere or by any authority, they r bunch of Arab liars .
they will keep calling to put more funds and steal your money
we have already reported them legally.
The PoloTrader365 scheme works like any other. The broker entices the client to invest as much money as possible. The latter accepts and ends up having withdrawal issues while the broker ceases all communication, stops answering emails, etc.
The complaint we posted warns about the company being unregulated, which is the same thing we said. When it comes to finding clients, we assume PoloTrader365 is running marketing campaigns; this website does not use social media.
We already mentioned that this broker is focused on Arabic/Muslim traders. If you are having issues with PoloTrade365, please contact us for help, we can recover your funds.
Some other PoloTrader365 reviews, written about a year ago, suggest that this brokerage used to offer MT4 and MT5. However, at the time of this writing, the website does not mention any of these platforms, only a web-based trading terminal.
Traders probably saw right through the lie and exposed the scammer for not including legitimate platforms. In the current case, the broker offers a web-based platform that is actually pretty lackluster and unpolished. Aside from some basic charts and graphs, there is nothing else, no advanced tools.
Yes, PoloTrade365 also included a MobileTrader. This app can be downloaded on Android, iOS and other major mobile operating systems. Mobile trading offers several advantages such as trading on the go.
Provided that the platform is effective, mobile trading can be extremely convenient. However, you will need a licensed provider and a legit platform.
According to PoloTrade365’s website, the broker offers the classic selection of trading assets and instruments:
Let’s make an overview of the available trading account types that PoloTrade365 offers:
The minimum deposit of 250 $ is nothing out of the ordinary but the rest of the prices are pretty high. There are countless licensed brokers that will allow you to create a Micro account for just 10 $ so we suggest you try that out.
Aside from these standard account types, there’s also a PoloTrade365 Islamic account, which respects Sharia Law and Islamic principles.
No. There is no PoloTrade365 demo account option on the broker’s website. That’s bad news, especially for novice traders that have no experience. Going into the market without any knowledge or experience is financial suicide.
That’s why reliable brokers include a risk-free demo account, so you could try things out without losing real money. PoloTrade365 is not interested in helping traders out with this.
PoloTrade365 advertises maximum leverage of 1:400. This is proof that PoloTrade365 is not a legit UK broker since the legal leverage cap in that country is 1:30 for retail clients, per the FCA. Extremely high leverage is risky, it often leads to enormous losses.
The PoloTrade365 deposit and withdrawal methods, and payment info, can be found in the FAQ section of the website:
Fees were not disclosed. As for the initial deposit, PoloTrade365 “requires you to deposit $500, you will only be able to trade with us when you make that deposit.” We do not recommend that you invest this money. If you already did, we can help you get it back!
Our verdict is that PoloTrade365 is not trustworthy. All the texts on the website are vague and do not reveal key facts and information. This broker has been active since April 2022 and has provided services mainly to Arabic traders.
Since PoloTrade365 is an unlicensed provider, it is extremely risky to trade with this entity. We can help you retrieve your lost funds. Just book a free consultation with our team and they will go through the chargeback process with you.
PoloTrade365 is a fake UK broker with no trading license. Do not invest money in this scheme. If you did, contact us for help.
Yes, you can trade both CFDs and cryptocurrencies on PoloTrade365’s platform.
The minimum deposit PoloTrade365 requires clients to pay is 500 $, according to the FAQ section on the website.
PoloTrade365 is a fake UK broker with no trading license. Do not invest money in this scheme. If you did, contact us for help.
Yes, you can trade both CFDs and cryptocurrencies on PoloTrade365’s platform.
The minimum deposit PoloTrade365 requires clients to pay is 500 $, according to the FAQ section on the website.
The post PoloTrade365 Review: Why This Broker Is Not Exactly Clean appeared first on Global Fraud Protection.
