iTrade: customer reviews about the company’s performance in 2023
The increasing threat of financial fraudsters and iTrade company
Every day the number of financial fraudsters is growing, and among them are companies like iTrade, creating loopholes for deception and evading responsibility. They often mention an offshore registration where legal framework and investor protection are lacking. In our review, we will present key features that will help recognize such scammers.
Main information about iTrade company
iTrade targets newcomers, promising them attractive bonuses and help in achieving high results in financial markets. However, the company itself has almost no public information. There is no data on the founding date, success statistics, or project leaders. Internal documents outlining the rights and obligations of traders are unavailable. This leads to confusion in the registration and investment process, resulting in capital loss and negative reviews.
Concern also arises about support, which according to numerous reviews, is another issue for iTrade clients. The company provides fake contact details for contacting support, further exacerbating the situation.
Analysis of the itrade.ee domain history indicates registration in 2021, but in reality, the platform was not operational for a whole year. This may indicate dishonest intentions embedded at the creation stage.
Regulatory situation
Attempts to find documents on the iTrade platform confirming its legality turn out to be futile. The website lists the parent company — Clever Technologies LTD, registered in Saint Vincent and the Grenadines. However, the lack of regulation in this jurisdiction makes the broker’s status questionable. Furthermore, Clever Technologies LTD is involved in fraudulent schemes on other platforms, indicating its dubious reputation.
Regulators have already warned investors about the company’s illegal activities. Clever Technologies LTD has attracted the attention of the Central Bank of Russia and is listed on their blacklist. However, the itrade.ee platform remains outside the regulators’ scope, posing a threat to newcomers.
Offered trading opportunities
iTrade presents itself as a forex broker with access to diverse assets through CFDs. The main characteristics include:
- Entry threshold — 250 euros (6 tariff plans);
- Use of the Utip terminal;
- Possibility of passive income upon account replenishment;
- Educational programs, technical, and analytical support;
- Trading signals;
- Loyalty program and bonuses.
Users note that the company often focuses more on fund attraction than on trader support. Withdrawals are complicated, and as a result, investors often end up with nothing.
Reviews and practical experience
Reviews about iTrade and Clever Technologies LTD speak for themselves. Complaints about trading problems, fund withdrawals, and bonus manipulations reflect the reality of interacting with this company. We urge you to share your experience and warn other traders about the risks of dealing with iTrade.
Fraud methods
iTrade systematically offers generous bonuses to clients, hiding contractual terms from users. When trying to withdraw funds, investors face obstacles and denial of payment, citing the need to work off bonuses. Such requirements often turn out to be unfulfillable, and clients lose their funds.
Final word
If you aim to earn money honestly, iTrade is not the best option for investing. The company poses a risk to your finances and fails to fulfill its obligations to clients. Be vigilant and do not fall for the tricks of such dubious projects like iTrade.