Research on the DeFi Trade Platform
DeFi Trade always appears in a favorable light. Their platform focuses on capital preservation, compliance with legality, and favorable conditions for traders with different levels of experience and income. Paradoxically, there are no reviews about this company neither in the Russian segment of the Internet nor on foreign forums, considering they claim to have been operating since 2009. Let’s take a look at what DeFi Trade represents and what reputation it truly deserves.
Key Information about DeFi Trade
There are many unclear aspects about the DeFi Trade company. The broker’s history spans 12 years, but they do not present specific plans for the future or development strategies on the international stage. The presence of both a Russian-language interface and an English-language one indicates that the broker is likely targeting a Russian-speaking audience.
Through the whois service, it was established that the project was launched only on October 13 of this year, which explains the lack of reviews about the company and the shortage of detailed reviews. Since DeFi Trade did not end up on Roskomnadzor’s blacklist, most likely the platform did not have time to earn traders’ trust.
However, an assessment can be made of their customer support, as there is not even a “Contacts” section on their website. The only way to contact them is via the email address found in the footer. It should not be assumed that they provide swift problem resolution.
Legal Situation
There are no internal documents establishing the rights and obligations of the parties that can be referred to during platform registration.
Per the instruction, DeFi Trade is registered in the UK at 44 Evesham Avenue, Grimsby, England, DN34 5RT, under registration certificate No. 13485864. The company actually began its operations not in 2009 but in 2021 and specializes specifically in information technology.
No information about brokerage services was found in open sources. Given the openness of the Companies House registry in the UK, document falsification is possible. It is important to note that the FCA has not issued permission to the DeFi Trade financial partner.
The legend about a license from VFSC in Vanuatu is not credible, as such a company is not present in this regulator’s database. Furthermore, the company ignores the requirements of Russia’s Forex Law No. 460-FZ and is not a licensed participant of the Central Bank of the Russian Federation.
By registering with DeFi Trade, traders are left without protection from the main regulator of the country.
Trading Conditions on the DeFi Trade Platform
There is no detailed description of trading accounts on DeFi Trade. The platform only mentions some advantages:
- Minimum entry threshold (without specifying the initial deposit),
- Spreads starting from zero,
- Preservation of user funds in separate accounts,
- Levage up to 500, which contradicts European regulators’ requirements,
- Instant order execution,
- Possibilities for PAMM investing,
- Passive income for participants in the affiliate program (15% of the invitation sum).
No reviews confirming the reliability of the broker’s payments were found.
Client Reviews about DeFi Trade
Considering its recent launch, there are no reviews yet about DeFi Trade. Scammers are taking advantage of this situation, attracting the attention of inexperienced investors.
DeFi Trade Scam Methods
DeFi Trade targets inexperienced traders who are not knowledgeable in selecting brokers. Their team of professionals studies client psychology to determine how much they can deceive them before commencing work.
By manipulating the software, they distort quotes and charts to create the illusion of real trading. The user will regularly deposit funds. However, when the trader wants to withdraw funds, the platform blocks the account and ceases interaction.
Review Conclusion
This comprehensive review only confirms our suspicion that DeFi Trade is a new scam that should not be trusted. The company is unregulated and does not fulfill its obligations. If you have experience with this platform, share your reviews. This will help others avoid mistakes and protect their budget.
