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Score

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/10

TruTrade

United States|1-2 years|
Suspicious Scope of Business|High potential risk|

https://trutrade.io/

Website

Rating Index

Contact

+1 (480) 771-1177
https://trutrade.io/
7014 E Camelback Road, Ste 1452 Scottadale, AZ 85251
https://www.facebook.com/TruTradeLLC

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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TruTrade · Company Summary

TruTrade Review Summary
Company Name TruTrade LLC
Founded 2023
Registered Country/Region United States
Regulation No Regulation
Minimum Deposit N/A
Trading Platform Web Trader, TruTrade AI APP
Customer Support Contact Form, Social Media: Facebook, YouTube, X, Instagram, TikTok, Tel: +1 (480) 771-1177
Company Address 6895 E Camelback Rd, Scottsdale, AZ 85251, USA

What is TruTrade?

TruTrade LLC, founded in 2023 and based in the United States, operates without regulatory oversight. TruTrade offers a unique trading experience through its AI-powered trading software.

TruTrade's homepage

Pros & Cons

Pros Cons
  • Unique AI Feature
  • No Regulation
  • APP Supported
  • A New Company

Pros:

  • Unique AI Feature: TruTrade offers a distinctive advantage with its AI-powered trading software, providing traders with advanced insights and analysis to improve their decision-making process and potentially enhance trading outcomes.

  • APP Supported: TruTrade's compatibility with mobile applications allows for convenient and accessible trading on the go, which suits traders who prefer the flexibility of mobile platforms.

Cons:

  • No Regulation: TruTrade operates without regulatory oversight, which raises concerns about investor protection and adherence to industry standards.

  • A New Company: Being a newly established company founded in 2023, TruTrade lacks the established track record and reputation compared to more established brokers in the market.

Is TruTrade Safe or Scam?

  • Regulatory Sight: TruTrade is currently operating without regulatory oversight, which means it does not fall under the jurisdiction or supervision of any financial regulatory bodies. It also does not hold any licenses that would enable it to conduct its operations in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Customer Support

TruTrade offers customer support services primarily through its contact form available on its website. Additionally, the company maintains a presence on various social media platforms such as Facebook, YouTube, Instagram, and TikTok, where users can engage, ask questions, and receive updates. Users can also try the phone number provided: +1 (480) 771-1177. TruTrade's customer support operates from Monday to Friday between 9:00 a.m. to 3:00 p.m. (MST). Users can expect same-day responses for tickets submitted before 3:00 p.m. MST, while those submitted after will be addressed on the following working day.

contact details

Conclusion

TruTrade is an AI-powered trading software that is new in the industry, with no regulatory oversight, raising several risks and concerns. The AI-featured operation sounds appealing and unique. However, users need to be more cautious since it lacks regulation. We do not recommend users to trade on this platform/software.

Frequently Asked Questions (FAQs)

Q: Is TruTrade regulated or not?

A: No, it is not.

Q: Is there a way for me to contact the customer support of TruTrade immediately?

A: Yes, you can call them via +1 (480) 771-1177.

Q: Does TruTrade support on-the-go trading?

A: Yes, it does. You can download the TruTrade AI App on AppStore or Google Play.

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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

TruTrade

Company Abbreviation

TruTrade

Regulatory Status

No Regulation

Platform registered country and region

United States

Company website
Company address
  • 7014 E Camelback Road, Ste 1452 Scottadale, AZ 85251

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address

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Company Summary

User Reviews

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2

Comments

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BayLu
more than one year
I’ve been kinda browsing through TruTrade’s stuff, and, you know, it’s actually... helping? Their posts, right, they're pretty clear and, uh, seem to make sense. Kinda good for, like, learning how this trading thing works. Honestly, I’m feeling like it’s, well, a decent place to pick up some trading knowledge. Seems legit.
2024-02-23 15:45
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Dicentry
more than one year
Quite disappointed with my experience with TruTrade. The customer service was not helpful at all, which is quite frustrating. I've invested a significant amount of funds, but withdrawal requests have been consistently denied with various reasons provided. It's been a headache dealing with them, and I expected better service considering the substantial investment I made.
2024-01-10 10:33
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