Review and feedback on the broker US Trade Cash.
US Trade Cash is a broker that provides services in the Forex and CFD markets. The company’s main goal is to offer clients favorable conditions for online trading, making the trading process convenient and profitable. The broker ensures secure access to the trading platform, provides educational materials, analytics, and strategies for successful trading. Lately, US Trade Cash has been receiving negative reviews and complaints from clients, which prompted this review. We will analyze the official website us-trade.cash, feedback about the broker on trading forums, and draw conclusions about the company’s reliability.
History and Regulation
The creation date of the US Trade Cash broker’s website and its location are not disclosed on the site. This information is crucial for trust in the company, but it cannot be found on us-trade.cash. The only way to contact the broker is through email, which is not a reliable method of communication. The site does not provide contact information, raising doubts. Checking the website’s existence showed that it has been operating for just over a year. A broker with a short operating history does not always inspire confidence in traders, so it is recommended to verify the presence of a license before collaborating.
The us-trade.cash website presents a license issued to the site, not the US Trade Cash broker, which raises doubts. There is no issuance date or expiration date of the license. The site states that the company is “reliable and authorized to work with clients,” but there is no mention of intermediary activities in financial markets. The broker’s client agreement provides for disputes to be transferred to courts in Anguilla, which may create inconvenience and additional expenses for clients.
What is the Scam?
The US Trade Cash broker allows clients to start trading with a minimum of 100 euros, while an account maintenance fee is charged. The minimum position on the account is 25 euros, taking into account spreads and payment system commissions. When attempting to withdraw funds, the broker may demand additional amounts for various commissions or account activations, which could be a sign of fraud.
US Trade Cash may refuse to withdraw profits, accusing the client of fraud. The broker reserves the right to cancel transactions it deems suspicious, which is not clearly defined in the client agreement. Communication with the broker ceases as soon as the client stops depositing funds.
Reviews from Current Clients: What’s the Scam?
Client reviews of US Trade Cash on various forums indicate possible fraud and changes in company addresses. Some clients allow access to their computers, online banking, and even apply for loans through the broker. A common scheme involves demanding additional funds for profit withdrawal, as also noted in the reviews.
Review Summary
US Trade Cash is a broker with a lack of key information about the company, license, and contacts. The broker’s trading conditions and methods are similar to other similar projects. The broker may use fraudulent schemes to retain clients’ funds. It is recommended to exercise caution and conduct additional research before starting cooperation with US Trade Cash.
Author: Sasha Chaika