Review of the 4trade scam broker: reviews from affected traders
Many scam projects operate with typical fraud schemes and standard websites aimed at manipulating traders’ trust. However, among them are those who have developed unique deception methods that make it difficult to recognize fraud even for experienced professionals. One of such dubious operators is 4trade. We offer a detailed review of this fake broker.
Information about the CFD broker 4trade
The company’s website, 4trade.cc, according to their claims, started its successful operation back in 2017. However, upon checking the domain name registration, it becomes clear that the registration was only done in December 2019. This raises suspicions of dishonest practices and the unserious nature of “4trade’s” activities.
Despite having contact details such as a phone number and email address, there is a high probability that this is fake information intended to collect clients’ personal data. Prolonged cooperation with such an operator may involve serious risks.
License and regulation
4trade claims that the company is registered under number 619 209 611 in Australia and is under ASIC’s supervision. However, there is no mention of this firm in the regulator’s registry, indicating a fake license and unreliable information.
Registration process on the 4trade website
Creating an account on the 4trade.cc website is a simple procedure that requires filling in mandatory information about the trader, including name, surname, email address, country of residence, account currency, password, promo code, and phone number. However, before hastily registering and starting trading, it is essential to carefully review the company’s legal documents, available only in English.
Types of accounts
On the 4trade website, three types of accounts are offered: “Beginner,” “Day Trader,” and “Investor.” Each account has its features and minimum deposit amounts, but regardless of the account type chosen, the likelihood of capital loss and encountering fraud is significant.
Deposit and withdrawal methods
4trade prefers not to specify details regarding deposit and withdrawal methods, leaving clients’ questions unanswered. The website only lists logos of Visa and Mastercard, with no information on commissions and transaction timelines.
Client reviews
On the 4trade website, only positive reviews from supposedly satisfied clients can be found, which is an obvious manipulation with fake reviews. There are no guarantees or confirmations of real profitability working with this company. Therefore, caution and prudence are advised when deciding to collaborate with 4trade.
Fraud scheme
4trade uses an affiliate program to attract new clients, offering generous commissions for referred referrals. The inability to withdraw funds and unclear agreement terms jeopardize the security of investments and the client’s capital’s safety.
Taking into account the outlined facts and the nature of 4trade’s operations, we recommend staying away from this fake broker to avoid potential financial losses and deception.
