SAFETRADE365: reviews and detailed information analysis
Organizations in the Financial Market
Currently, there is an excess of offers in the trading sphere. Despite the market saturation, new brokers continue to emerge like mushrooms after rain. Most of them are suspicious companies created with the intention to deceive clients and disappear without a trace. However, there are also honest companies offering reliable tools for successful trading on the stock exchange. Today we will discuss which category SAFETRADE365 falls into.
Positioning of SAFETRADE365
The official website safetrade365.com is full of information at first glance. It contains sections with descriptions of trading accounts, trading platform, and reviews from traders. However, beneath the surface lies an attempt to attract clients, with most of the content being promises, advertising calls, and marketing tricks. Finding specific information is difficult. For example, the “About Us” section leaves much to be desired.
We see over 50 awards not accompanied by the name of the author or the time of their receipt, millions of deals, 5-star service for a site that has existed for just over a year and was recently updated.
Interesting fact: a popular broker doesn’t even have an official address, only a contact phone in Moscow.
Moreover, the promised multilingual support turned out to be deceitful. The site functions only in Russian and English, while translations into Spanish, German, and other languages are missing.
The legal documentation lacks information about the country of registration or legal address (a key aspect). The founding date of the company is not mentioned, but there is a section with reviews from presumably successful traders.
The “client” photos are stock images widely used on various sites and have no relation to SAFETRADE365.
The laws are presented very unclearly in the documents. The lack of information about the company’s origin gives the impression of SAFETRADE365 carefully guarding its secrets. Next, we will examine how this can affect clients.
Regulatory Documentation
Any company should be registered in accordance with the laws of its registration country. In the case of SAFETRADE365, the information is either hidden, or the company simply lacks legal status. Striving for it independently is a rhetorical question.
Brokers have additional requirements. To provide services in Russia, one must obtain a license from the Central Bank of the Russian Federation. A check showed SAFETRADE365’s absence in the registry of licensed companies.
Therefore, SAFETRADE365 lacks any documentation permitting the provision of brokerage services, as well as any document confirming the existence of this company.
Trading Offers and SAFETRADE365 Account Overview
A trader can choose various assets for trading – currencies, stocks, indices, and others.
Trading takes place on the MT4 terminal, available in mobile and desktop versions. It is a well-known platform with a user-friendly interface. However, in SAFETRADE365, there seems to be manipulation of quotes to their advantage, as reflected in the “Terms and Conditions”.
This means that losing the deposit is only a matter of time, especially considering the leverage options from 1:100 to 1:500 offered in SAFETRADE365.
There is also the possibility to open a demo account and practice trading, receiving 50,000 virtual dollars for trading.
To expand the client base and attract the maximum number of traders, SAFETRADE365 has developed an affiliate program that rewards the attraction of new clients through various channels.
Trader Reviews about SAFETRADE365
While the company’s advertising campaign gains ground in Russia, there are currently no available reviews from Russian traders online. However, foreign users have already expressed their opinions on the cooperation.
Translation: Investing in safetrade is very risky due to the lack of a license. Personal experience showed that dealing with them almost led to significant losses. The company lucre recoup, specializing in fund recovery, helped retrieve the money. You can contact them at lucrerecoup.com. Consultations with their specialists provide valuable information.
Translation: I agree with the conclusions above. I note that the domain was registered recently (see the creation date) and is hidden by a registering company in Panama.
English-speaking users have already encountered risks. Once reviews from Russian traders become available, we will publish them in this section.
Deception Methods in SAFETRADE365
For a company without registration and not subject to any control, there are many opportunities for fraud. According to reviews, SAFETRADE365 uses several methods:
- modify prices to the client’s disadvantage,
- use high leverage to quickly deplete the deposit,
- block accounts without explanation.
Obviously, this broker will soon be added to the blacklist. But until then, fraudsters will succeed in deceiving trusting traders.
Final Evaluation
Any financial operations with SAFETRADE365 pose significant risks. This is a company without registration, licenses, and accreditations, existing only virtually. Ambiguous reviews on the site, hidden information about the origin, and the lack of a clear history only confirm that we are once again facing a one-day company created by scammers.