Note: SECURETRADEs official site is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is SECURETRADE？
SECURETRADE is a financial brokerage firm that claims to offer online trading services for forex and Bitcoin. However, the company is not currently licensed or regulated by any recognized financial authority, which raises concerns about the legitimacy and safety of its services. The website of SECURETRADE is also currently unavailable, which further complicates the matter.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
SECURETRADE has some potential advantages such as three account types and the availability of phone support. However, there are also several concerning issues such as the lack of regulation, extremely high minimum deposit requirement, and a lack of transparency regarding trading conditions and deposit/withdrawal. Additionally, there have been reports of difficulties with withdrawals. As such, it is important to exercise caution when considering SECURETRADE as a potential broker.
SECURETRADE Alternative Brokers
There are many alternative brokers to SECURETRADE depending on the specific needs and preferences of the trader. Some popular options include:
Darwinex - offers a unique social trading experience with proprietary risk management tools;
Valutrades - a solid broker with competitive trading conditions;
Key Way Investments -provides a range of trading instruments and excellent customer service.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is SECURETRADE Safe or Scam？
It is difficult to determine the safety or legitimacy of SECURETRADE as they do not hold any valid regulatory licenses and their website is currently unavailable. It is highly recommended to exercise caution and avoid investing any funds with this entity until further information is made available. It is important to only trade with regulated and reputable brokers to ensure the safety of
your investments.Market Instruments
As SECURETRADE's website is currently unavailable, it is unclear what specific instruments they offer for trading. However, according to their previous advertisements, they have stated that they mainly offer forex and Bitcoin trading. Forex trading involves buying and selling currencies to profit from their fluctuations in value, while Bitcoin trading involves buying and selling the cryptocurrency Bitcoin to profit from its price movements. It is important to note that trading in both markets can be highly volatile and carries a high level of risk.
Accounts
There are three account types offered by SECURETRADE, namely Silver, Gold and Premium. Starting a Silver account requires the minimum initial deposit amount of $1,000, while the other two investment plans have much higher minimum initial capital requirements of $2,500 and $3,500 respectively.
Deposits & Withdrawals
It is concerning that SECURETRADE does not provide any information about the available deposit and withdrawal methods. This lack of transparency can be a red flag for potential investors, as they may not be able to find out about the fees, processing times, and security measures of the payment methods supported by the broker. Without this information, it can be difficult for traders to make an informed decision about whether to invest with SECURETRADE.
SECURETRADE minimum deposit vs other brokers
Customer Service
SECURETRADEs customer support can be reached by telephone: +1 (747) 292-1163, and email: support@securetrade.vip. Company address: 10 Paternoster Sq., London EC4M 7LS, United Kingdom.
Note: These pros and cons are subjective and may vary depending on the individual's experience with SECURETRADE's customer service.
User Exposure on WikiFX
It is important to exercise caution when investing with any broker, and this includes SECURETRADE. It is concerning to see a report of unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Conclusion
Based on the information available, investing with SECURETRADE may pose some risks. The lack of a valid regulatory license and reports of difficulties in withdrawing funds are concerning. While the broker claims to offer several trading instruments and account types, there is limited information available regarding deposit and withdrawal methods. Additionally, customer support may be difficult to reach as there is only a phone number and email provided. Overall, investors should exercise caution and thoroughly research SECURETRADE before deciding to invest with them.
Frequently Asked Questions (FAQs)
2023-03-09 16:25
