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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Trading

United Kingdom|5-10 years|
Regulated in United Kingdom|Market Making(MM)|MT4/5 full license|Regional Brokers|High potential risk|

https://www.trading.com/uk

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Trading.com-MT5

United States
MT5
1

Influence

B

Influence index NO.1

United States 6.03
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
Trading.com-MT5 MT5
Server Location United States

Influence

Influence

B

Influence index NO.1

United States 6.03

Surpassed 38.16% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 2031501500
support.uk@trading.com
https://www.trading.com/uk
Coppergate House, 10 Whites Row, Spitalfields, London, E1 7NF, United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2031501500

Broker Information

More

Company Name

Trading Point of Financial Instruments UK Limited.

Company Abbreviation

Trading

Platform registered country and region

United Kingdom

Company website
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Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2024-02-25
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

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Pyramid scheme complaint
Expose
Resolved

Deny withdrawal for various reasons

Refused to withdraw funds for various reasons. The first time, I had to pay tax. After paying the tax, they said that the withdrawal address provided was risky. It was frozen for one month and automatically unfrozen. After one month, I had to withdraw cash. , anyway, there are various reasons for you to pay, liar liar liar liar

2022-11-03 13:07
Scam

Trading.club.com (Sayan Limited) let me down with 23,750 USD

I will relate the facts of the cyber scam that i was subjected to. On April 12 of this year, I saw an ad on facebook for a program called Shark Tank Mexico where two young entrepreneurs appeared showing a technological application that, through an algorithm, carried out operations to buy and sell assets (in this case cryptocurrencies). So it seemed like a good idea to invest part of my savings. Entering the page and filling out the form with my data. After a while, "My name is Erika (# 744 362 0795) with a colombian accent. She said she represented the sales company Trading club and she told me that to access to her platform and be able to invest. He required a deposit of 250 usd. He sent a link to my email where the payment request for the company "sayan limited" and a tada payments logo appeared in the amount of $4749.29 (or the equivalent of 250 USD). I paid and from that moment I was "registered" in the platform Trading club. I was assigned an advisor: alejandro.sanchez@ Trading -club.com. This gentleman with a spanish accent was calling from spain (+34 930 46 46 75) and asked me to download an app called AnyDesk on my mobile device so that he could access to my technological application. He showed me how to make my supposed first asset purchase (ADAUST and COSMO) from the platform. As the days passed, this adviser first undertook with a cordial attitude to invest more capital (10,000 usd), to buy the cryptocurrencies that were booming such as bitcoin and etherum. On April 19, he sent me a list of 10 different leagues or receipts via WhatsApp so that I could deposit in mexican pesos the amount corresponding to 1,000 USD for each deposit. These were intended to be paid at HSBC as payment for services to a mexican company named SAFTPAY MEXICO (also called SafetyPay). In total, 10 deposits were made for the total amount of $181,078.00 national currency (or the equivalent of 10,000USD). I saw that these deposits were reflected in the technological application of Trading-club.com on my mobile device which made me think that the investment was made, the company even gave me a bonus of 3,500 USD for this investment. From here I asked this adviser Alejandro Sánchez to be able to withdraw my earnings and he always gave me a long time. On April 20, he told me that he had the portfolio of a great investor and that there was an opportunity for me to grow my capital. according to him, i was going to triple my investment but i had to deposit 6,000 more USD. With great insistence, and above all with deceit and lies he convinced me. In the same way as the previous deposits, on April 20, I made 6 deposits of 1,000 USD each in the HSBC bank for the company SaftPay México, the amount of $18,116.00 for each of the 6 deposits, giving a total of $108,696.00 mn. Ireceived the 6 tickets (attached) from HSBC bank with seal and signature. With these more than 16,000 USD, cryptocurrencies such as: Bitcoin, Litecoin, Etherum, etc. were purchased. I checked in my technological application about these deposits and the amount of 19,751 USD appeared in my name. I told him again that I had already deposited all my savings and that I needed to withdraw as soon as possible, but this spanish scoundrel, having control of my account, no longer allowed me to withdraw. Then on friday, april 21, another alleged risk area advisor of this company was communicated Trading -club.com or sayan limited to tell me that my investment had very strong losses due to the fall of Bitcoin and Etherum and that I had to deposit at least 7,500 USD otherwise I would lose all my investment. I argued that I had no more to deposit and he commented that the company was going to lend me that amount but I had to deposit it in the following monday. I did not agree but this gentleman hung up on me. I wanted to communicate with my supposed adviser but he never answered. On monday, April 24, this spaniard, like a real extortionist, forced me to have to pay that loan to Trading club otherwise they would keep all my investment. I had the need to request savings from my family to carry out and pay that supposed loan of 7,500 USD. This time, 8 more deposits were made for the total amount of $134,709.50 mn, they were made in the same way as the previous ones, for the company SaftPay Mexico or SafetyPay. Resulting in 7 deposits that correspond to 1,000 USD in Mexican pesos and another deposit of 500 usd. After making these deposits, I observed in the technological application that it was available to withdraw (12,000 USD) but i could not do it because i had not sent to the company Trading -club.con or Sayan Ltd an identification, proof of address, and the debit card where they were going to deposit me, the advisor ended up informing me. They were also going to mail me a deposit statement with my deposits that added up to 24 and I had to sign, scan and return it. I did so and even with that I was not allowed to withdraw my investment. In total, the sum that I deposited in this fraudulent company was 23,750 USD or the equivalent in Mexican pesos $429,232.79. from here the technological application installed on my mobile device of this fraudulent company called Trading -club.com indicated that it had an accumulated investment of 27,251 USD but the losses never abated despite the fact that Bitcoin was supposedly recovering. This caused this person to keep bothering me to ask me to deposit more money for the supposed losses, which I refused to do. and from here this scam company named Sayan Limited or also called Trading -club.com has its address at beachmont busines centre, suite 344 kingtown, st vincent and the grenadines with telephone number +44 7984 751777. Sayan Ltd, reg. no, 11263 marshall islands. Email: support@ Trading -club.com. I ask you to help me to get my savings back from this scam company.

2023-06-26 04:41

Trading · Company Summary

General Information& Regulation

Trading.com is a CFD trading broker that was launched in July 2019, and currently, it only provides services to residents of the United Kingdom. Trading.com is operated by Trading Point of Financial Instruments UK Limited, and this company is authorized and regulated by the Financial Conduct Authority (FCA) in the U.K. (FCA705428).

Market Instruments

Trading.com offer Forex (50+ Forex pairs including EURUSD, USDJPY and GBPUSD), CFDs on Stocks (1,000+ global companies including tech giants Apple, Amazon, Facebook and Google), Equity Indices, Commodities (CFDs on Agricultural Commodities including popular markets like Coffee and Sugar), Metals, Energies (Energies like Oil and Gas by trading active markets including WTI, Brent and Natural Gas).

Minimum Deposit

Trading.com offers two accounts type – the Ultra-Low Standard, which uses 100,000 units of the base currency as a standard lot, and the Ultra-Low Micro, which uses just 1,000 units of the base currency as the standard lot. The minimum deposit for starting an accounts is $5, sounds reasonable for new traders to get started.

Trading.com Leverage

For retail investors, maximum leverage is up to 30:1, which is the greatest allowed by the ESMA regulations. Of course if traders can prove that theyre a professional trader they can get greater leverage.

Spreads & Fees

Spreads as low as 0.6 pips for the EUR/USD pair, and we can confirm this is the spread on that pair on the demo platform, which is supposed to have the same price feed as the live account. Spreads are variable, but seem fair across all the assets being offered by Trading.com. There are no commissions to consider, and the only other fees is an inactivity fee for accounts that have been dormant for 90 days and a fee for those who would like to use VPS. The inactivity fee is $5 or the balance in the account if it is less than $5. If the account balance is $0 there is no inactivity fee charged. The VPS fee is $28 a month, unless the client has a balance above $5,000 and trades a minimum of 5 round turn lots per month, in which case the VPS is free.

Trading Platform

Trading.com offers a classical trading solution – the MetaTrader5 platform. MT5 is a highly reliable and user friendly platform, featuring over 50 integrated, market indicators, as well as trading robots, which will allow you to run algorithmic trading sessions. On top of that the platform is equipped with an excellent set of advanced charting tools.

VPS

A virtual private server (VPS) allows traders to run their trading platform remotely on a server 24/7 without needing the computer switched on. These are frequently used by traders who need to run automated trading systems around the clock. Clients who maintain a minimum amount of (Equity-Balance) $5,000 or equivalent in other currency are eligible to request a free VPS from the Members Area at any given time on the condition they trade at least 5 round turn lots per month. Clients who do not meet the above criteria can still request a VPS from the Members Area for a monthly fee of $28, which will be automatically deducted from their account on the first day of each calendar month.

Deposit & Withdrawal

Deposits can be made via bank transfer, credit/debit card, and a number of electronic wallet options. There are no fees for deposits at Trading.com, and clients can deposit in any currency and it will be converted to the base currency of the account at the prevailing interbank rates. With the exception of bank transfers, which can take up to 5 business days, all deposits are credited immediately. Withdrawals can be made via bank transfer, credit/debit card, and a number of electronic wallet options. There are no fees for withdrawals at Trading.com, and Trading.com will cover any fees imposed by the bank/credit card/electronic wallet, as long as the withdrawal exceeds $200. Withdrawals are processed by the back office within 24 hours and are credited to electronic wallets within 24 hours. Withdrawals by bank transfer or credit card can take from 2-5 days to be credited to tradersaccount.

Trading Hours

Trading.com trading hours are between Sunday 22:05 GMT and Friday 21:50 GMT. When their dealing desk is closed, the trading platform does not execute trades and its features are only available for viewing.

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