logo |

News

    Home   >     Original    >     Main body

    Illegal Broker TRADE.COM Manipulated Forex Trading Behind the Scene

    Abstract:The complaints from investors are pouring into the exposure platform of WikiFX. They highly suspect TRADE.COM of manipulating forex trading behind the scene.

      In response to investors demand, WikiFX visited the broker TRADE.COM last May and found that its claimed address in Cyprus was fake. Moreover, the complaints from investors are pouring into the exposure platform of WikiFX. They highly suspect TRADE.COM of manipulating forex trading behind the scene. Many investors thus have blacklisted it. What exactly was going on?

    1.png

      After the field investigation on TRADE.COM, WikiFX rated it as poor and warns investors against facile deposit.

      One of the complainants told WikiFX that he was mildly interested in TRADE.COM at first. To begin with, he set up a virtual account on its platform for observation and more information. “I never expected the platform to be so disordered that it can screw up a virtual account.”

    2-1.png

      Data from TRADE.COM

    2-2.png

      Authoritative data

      The above two pictures show the price trends of sweet crude oil on TRADE.COM and an authoritative platform respectively, which were both shared by the complainant. By comparison, he observed that even for the same crude oil futures, the data in the two platforms actually differs by at least 0.3 points.

      The complainant said that: “The difference is large. Apparently, TRADE.COM is fixing the prices and thereby deceiving investors.” Fortunately, his account is just a virtual one, otherwise the losses may be considerable.

      TRADE.COM is currently under CySEC's normal supervision. Nevertheless, WikiFX alerts investors to the risks of this broker considering the increasing complaints recently. WikiFX also reminds investors to check the authenticity of a broker‘s license, regulatory information and market data before choosing the broker. Click WikiFX APP to check broker’s qualification now.

    3.jpg

      TRADE.COM received a rating of 5.77 on WikiFX App

      So far, WikiFX App has included profiles of more than 19,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions, and protecting investors fund safety in forex trading. More exposures are coming soon.

    Latest News

    Malaysian Ringgit

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Malaysian Ringgit
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

    ×

    Select Country/Area

    ×

    Select Country/Area