Do you want to know the truth? Tradingexpo is a trading scam; this broker is not authorized to provide trading services.
To make matters worse, we found numerous complaints against the broker. Thus, please read our Tradingexpo Review and distance yourself from this foul online scam.
What do we know about Tradingexpo’s regulation? The first thing we must stress is that the scammer deleted all the info about the legal background from the bogus website.
Nevertheless, some of our sources suggest that TradingExpo Ltd, the company allegedly running this monkey business, claimed to be based in the UK. We checked the register of the UK’s Financial Conduct Authority (FCA) to verify that claim but found nothing but a warning against Tradingexpo.
This financial swindler is thus blacklisted in the country where it allegedly operates. Do not trust fake UK brokers such as Tradingexpo and Munro Financial Planners that are on the FCA’s blacklist.
Instead, find a broker that is actually regulated by the FCA or any other Tier 1 authority for that matter – the European Securities and Markets Authority (ESMA), the US Commodity Futures Trading Commission (CFTC), the Monetary Authority of Singapore (MAS), the Australian Securities & Investments Commission (ASIC).
As mentioned, Tradingexpo is on several blacklists. The regulators found evidence of fraud and issued official warnings against this fraud.
Tradingexpo’s victims are situated in several countries around the world. Here is a list of domains where this scammer tried to find victims:
So far, only the British and Canadian regulators have issued warnings against Tradingexpo. Both Sweden and the Netherlands are under ESMA’s jurisdiction and we already mentioned that Tradingexpo is not compliant with European regulations.
Whichever trading forum you open, you’ll find negative reviews of Tradingexpo. We found multiple complaints against the broker.
It seems that the common problems are withdrawal issues, communication errors, illegal fees, accounts getting frozen, etc. Please heed these grave warnings from traders.
Scam. Do not have anything to do with them. They are criminals taking considerable sums of money from vulnerable people. The good reviews are clearly fake. Do not engage with them in any way and be careful because they use other names as well.
When it comes to Tradingexpo’s trading platform, it’s a browser-based trading terminal – WebTrader. Since it’s online, it can be accessed via mobile as well. We even got to see the platform and it was nothing special.
Traders get some basic charts, indicators and graphs but that’s about it. There are no advanced features such as automated trading or multiple timeframes. Scammers such as Tradingexpo and InteractiveStocks do not support any valid third-party software such as MT4, MT5, SiriX or cTrader.
Tradingexpo included an email and a phone number. We assume those are the main tools of communication with clients. Aside from these options, it is possible that Tradingexpo runs marketing campaigns.
It could be part of a larger trading scheme. As far as we know, Tradingexpo does not use social media such as Facebook, Instagram or Twitter.
Tradingexpo uses the following instruments as a ruse to attract unsuspecting traders:
According to the website, the spreads for the Standard account start from 1.5 pips. That’s pretty much the industry’s standard but the commissions weren’t disclosed.
If there are hidden commissions, you’ll hardly profit from trading with Tradingexpo. Attractive spreads are most often a trap so watch out. Make sure your broker is regulated.
Let’s make an overview of Tradingexpo’s fraudulent account types:
These account tiers are quite pricy. Each subsequent tier offers tighter spreads and higher leverage, which ranges from 1:200 to 1:500. Keep in mind that high leverage is risky and may very well result in huge losses.
Tradingexpo also offers bonuses for each account type. However, bonuses are banned in Europe and Australia, mainly because scammers include a shady bonus policy that hinders withdrawals. Tradingexpo doesn’t even have any legal documentation at the time of this writing.
There’s no demo account available. That means there is no risk-free trading and practicing. We did get to see the trading platform but not to actually trade, i.e. not a real demo account. Yet another reason not to trust Tradingexpo with your money.
The minimum deposit is 250 $ but the fees are unknown. Since Tradingexpo’s withdrawal policy is missing, the whole deposit & withdrawal process is vague. The website did list the payment methods though:
Out of these three methods, credit/debit card payments are the most convenient for getting a refund, i.e. a chargeback, which can be requested at the issuing bank within 540 days of the transactions.
Please write a complaint on the forums to warn fellow traders of this trading scam. We can help you by reporting the scammer to the authorities.
As for your hard-earned money, Global Fraud Protection can try to get it back. Get in touch with our experts and they will gladly guide you through the chargeback process.
If you deposited funds via crypto, our team can trace your transaction using CipherTrace. Once that’s done, you can request a refund from the crypto exchange that holds the traced wallet.
If this broker steals your money, start the chargeback process. Use Online Chat to book a free consultation with our team and find out what you should do.
No. Tradingexpo has been blacklisted as a scam by the UK’s FCA and Canadian CSA & ASC. Do not invest in this anonymous trading scam.
Tradingexpo didn’t include a mobile trading app but the broker’s platform can be accessed via a browser.
No. Tradingexpo does not offer a risk-free demo account on its website.
No. Tradingexpo did not include any type of referral or affiliate program.
No. Tradingexpo has been blacklisted as a scam by the UK’s FCA and Canadian CSA & ASC. Do not invest in this anonymous trading scam.
Tradingexpo didn’t include a mobile trading app but the broker’s platform can be accessed via a browser.
No. Tradingexpo does not offer a risk-free demo account on its website.
No. Tradingexpo did not include any type of referral or affiliate program.
The post The Tradingexpo Review Exposes This Anonymous Trading Scam appeared first on Global Fraud Protection.
