Detailed review of the broker Mystartrade: trading opportunities, reviews
Assessment of Mystartrade Reliability: Exposing Scammers
Even experienced traders find it difficult to succeed on financial platforms if the chosen broker turns out to be dishonest. Finding a reliable intermediary is the first step to successful trading on the exchange. Today, let’s take a look at Mystartrade. The company boasts 14 years of experience and over 2 million satisfied clients. However, user opinions tell a different story. They accuse it of fraud, falsification of transactions, and loss of deposits. Let’s uncover what the broker at mystartrade.com is hiding and what tricks the company’s employees use in their dealings with unsuspecting traders.
Mysterious Facts About Mystartrade
The official website mystartrade.com attracts newcomers with bold claims about investment security. There is no absolute safety on financial platforms, as trading is always associated with risks.
Trust in the company dissipates when you start to carefully verify the information on mystartrade.com. Scammers claim to have been in the brokerage service sphere since 2006. This is false, as domain analysis revealed it was registered in the summer of 2020. Despite its short period of operation, Mystartrade already has many negative reviews. The company conducts aggressive advertising and aims to deceive as many people as possible through any means.
As for legitimacy, the pseudo-broker Mystartrade mentions registration in the UK. Certificate number 12563885 was issued in April 2020. This merely confirms that this is a company not related to brokerage activities.
Scammers also conceal the fact that registration does not imply having a license. In the UK, financial operations are regulated by the FCA, an authoritative regulator with strict requirements against fraud.
Avoidance and Contact
The Mystartrade website lists two addresses in the UK: 1 Ropemaker St and 34 Moss Ln, Sale M33 6GD. However, searching for company representations here is futile. User reviews claim that the provided coordinates are fake.
Here’s how you can contact their support service:
- Phone: +44 800 060 8703,
- Email: info@mystartrade.com,
- Feedback form.
According to reviews, contacting Mystartrade’s support team doesn’t yield results. The phone is fake, confirmed personally, and the email and feedback form are used to gather personal data from potential victims.
Registration Process
Creating a personal profile on the Mystartrade platform is straightforward and won’t take much time. You need to provide the following information on the form:
- Email address,
- Phone number,
- Name and surname,
- Password (entered twice).
User reviews advise paying attention to the cooperation terms offered by the fake broker. The user agreement solely influences Mystartrade’s interests. Document verification requirements for the user only arise after registration and balance top-up. Once the scammers get the money, they disappear.
Trading Opportunities
Mystartrade broker offers access to trading over 2,000 assets:
- Currency pairs,
- Commodities,
- Stocks,
- Metals,
- Energy resources, and more.
A demo account is absent on the platform. Scammers waste no time on empty amusements; their goal is to drain money as quickly as possible. The minimum deposit is $130. According to user feedback, the scam starts even at this amount.
Let’s delve into the types of trading accounts:
- Elementary. Minimum deposit – $130. Order execution – market maker, no commissions, leverage up to 200, spreads from 1.5 points. Currency trading is possible,
- Standard. Minimum balance top-up – $1,000. Spreads (floating, from 1.4 points) – the main difference from the previous type, trading in both goods and stocks is allowed,
- VIP. Starting amount – from $10,000. Fixed spreads, precise values not specified. There are almost no differences from Standard.
You can deposit and withdraw funds through electronic payment systems such as Yandex.Money, WebMoney, and credit cards Mastercard, VISA. According to reviews, there are no issues with depositing funds, but it’s impossible to withdraw profits.
User Reviews
In a short time on the market, Mystartrade has managed to earn a bad reputation. Negative reviews abound:
Scammer Tricks Mystartrade
The scam scheme is simple: managers lure potential clients on social networks (Facebook, Twitter, among others). Once the user falls for it, money extortion begins. Trading occurs on the managed platform Yutip, which has a negative reputation. The company won’t allow profit withdrawal, even if earned. Investment success is in doubt. The contract contains cunning conditions.
Recommended articles:
- Best Forex Trading Methods,
- How to Verify a Forex Broker License?,
- Choosing a Reliable Forex Broker in 2020: Key Criteria
Conclusions
It’s better to avoid dealing with Mystartrade. These scammers operate without the necessary documents to provide brokerage services. It seems like an offshore kitchen awaits us. User reviews indicate cases of arbitrary account blocking and refusal to withdraw funds. Draw your conclusions and beware, safeguard your funds!