Information about the company AtrikTrade
According to legends, AtrikTrade was established in 2012 and continues to prosper, providing traders with the best solutions in the binary options market. Potential profitability for clients reaches up to 76%, and no special skills or knowledge are required. Reviews about this broker vary: some praise it, while others criticize it. Our research is focused on understanding the trading opportunities on this trading platform.
General information about the company and its legal status
AtrikTrade does not have a physical office or representation; in fact, it exists only in a virtual environment. According to documents, it is registered in a popular offshore jurisdiction – Saint Vincent and the Grenadines. However, our checks in the trading registry of this country did not reveal any records of AtrikTrade’s registration, indicating that the organization is trying to deceive its users by presenting itself as a legitimate enterprise.
The domain atrik-trade.com was registered only in December of the previous year and has been in existence for about five months. Therefore, claims of operating since 2012 are likely false. It should also be noted that there are no reviews written before December 2021, indicating that this company started its operations just a few months ago.
Upon reviewing the AtrikTrade website, we found that it closely resembles platforms of other brokers. In other words, almost all elements of the site are identical, except for the company name. Below are examples of main pages of similar organizations, clearly showing a common template.
AtrikTrade is another project created by a group of scammers. They didn’t even bother to stand out in design and content; their schemes are indistinguishable from one another.
Regulation of the broker’s activities
AtrikTrade operates without control as legislative regulations for binary options brokers are still absent in many countries. For example, in Russia, the Central Bank does not issue licenses to such trading agents but does not prohibit their activities. However, all responsibility falls on the trader.
To confirm their reliability and strengthen their reputation, honest intermediaries obtain licenses from non-governmental bodies, such as CRFIN (Center for Regulation of Relations in Financial Markets). However, for AtrikTrade, this is not a priority, and the company continues to operate without mandatory oversight and verification.
Trading options on the AtrikTrade platform
All trading operations on AtrikTrade are carried out directly on the platform. Account funding is possible through bank cards (Visa, MasterCard, MIR, Sberbank) or e-wallets like Qiwi. The minimum initial deposit amount is $80, and the maximum is $2000. There are no fees for deposits, except for bank ones. Withdrawals have certain limitations, such as:
- 3% commission + $2 regardless of the amount;
- withdrawal possible from $200;
- processing of requests may take 1 to 3 days.
In the personal cabinet, you can choose a trading account or a demo one. The demo account already has a certain amount for trading, allowing you to start making trades immediately. All deals close with incredible profits; with just random clicks, you can earn hundreds of dollars in minutes. Obviously, such trading has nothing to do with the real market.
Reviews of the AtrikTrade trading platform
All available reviews online are written by Russian-speaking users, indicating that this scheme operates only within the CIS countries. From the dates of writing, it is clear that initially, the company was engaged in purchasing positive reviews, but over time, the number of negative ones sharply increased.
AtrikTrade scam scheme
Participants in this financial fraud operate according to a standard scheme. First, they seek clients looking to earn money easily and quickly. They advertise in job search groups, freelancing, and the like. Interested individuals are offered automated trading, where all transactions are performed by a program based on a specific algorithm. To gain trust and demonstrate the profitability of the program, a specific amount is (continued in the next post)
My experience with AtrikTrade has been enormously disappointing to say the least. Firstly, the user interface of their platform is far too complex and not at all user-friendly for those trying to navigate it for the first time. Secondly, their customer service has been abysmal – my questions and concerns were handled poorly with very slow response times. Additionally, I noticed several technical glitches while trading that hindered my ability to make timely trades. But most alarmingly, the lack of transparency when it came to their fees was a real concern – I was not made aware of hidden costs that significantly affected my returns. Overall, I would highly recommend against using AtrikTrade for your trading needs in 2022.