Review and feedback on the scammer Born To Trade.
CFD Broker Review “Born To Trade”: Exposure or Truly Successful Path?
In recent days, various accusations have been actively emerging about the actions of CFD broker Born To Trade, associated with suspicions of fraud. In order to get a full understanding of this company, let’s conduct a detailed analysis of its website at bornto.trade, examine the trading conditions, check the quality of services provided, and, of course, find out what clients really think about the activities of this broker. Based on all the collected information and reviews of “Born To Trade,” we will be able to draw a conclusion about whether it is worth trusting this company with your funds or better to avoid cooperation with them.
Studying Information about Broker Born To Trade
On the bornto.trade website, there are no details about the date of establishment and brief history of the company Born To Trade. Also, there is no information about the broker’s registration location. The main method of communication with clients is only through email. Registered users have a feedback form available.
A check of the bornto.trade website on an independent resource showed that it was created in 2016.
The only document posted on the site is the license issued by the Financial Markets Regulatory and Control Commission.
However, the information provided in the license raises concerns. The license is issued not to the company Born To Trade or its owner, but to the website itself. Furthermore, the wording “authorized to work with clients” does not imply the right to provide brokerage services. The purpose of the certificate being “Perpetual” raises serious doubts since companies are required to annually confirm their activities in accordance with regulator requirements. The absence of license expiration dates raises questions about the honesty and transparency of the broker’s activities.
When considering possible disputes, clients accepting the terms of “Born To Trade” automatically agree to have disputes heard in the courts located on the island of Anguilla. Such conditions can significantly complicate the dispute resolution process, considering additional costs and inconveniences for clients.
Trading Options and Available Features
CFD broker Born To Trade offers trading options in currency pairs, stocks, indices, and commodities. The platform needs to be accessed through the client’s personal account on any device. Trading operations on the platform have a time limit ranging from 3 minutes to 21 days. The minimum deposit size is 100 USD. Accounts are only opened in US dollars. The broker provides leverage ranging from 1:50 to 1:300.
Both independent trading by bornto.trade users and executing trades over the phone during business hours are possible. Company personnel will provide technical support to the trader and execute operations by phone, opening, closing, or modifying trade parameters upon the trader’s request. To conduct trading operations over the phone, the following is required:
- provide full name and account login,
- answer a security question about personal data,
- confirm the deal terms and indicate deal parameters,
- be informed about current rates,
- agree to the operation.
Bonuses and Financial Matters
Born To Trade offers two types of bonuses:
- deposit bonus. Credited to the account as a percentage of the deposit amount. Profit received from these bonuses is also considered bonus funds and requires meeting minimum trading turnover conditions for withdrawal.
- advance bonus. Discussed with the client before deposit. Pre-agreed upon are the amount, repayment period, and advance amount.
According to some former clients’ feedback, in cases of account inactivity for a month, Born To Trade charges a monthly subscription fee of 25 dollars.
During the review of conditions, we did not find precise information on the size of fees for depositing and withdrawing funds from the account, which raises certain suspicions. The broker claims that these data are too fluctuating due to market conditions to be posted on the website.
Conclusions and Summary about Born To Trade
Based on the research findings, it can be concluded that Born To Trade is unlikely to be a reliable partner. Uncertainty in documentation, lack of transparency, and negative reviews signal deficiencies in the company’s operations. The absence of a proper service portfolio and a poor reputation do not recommend Born To Trade as a reliable broker for collaboration.
Author: Sasha Chaika