The company Trade LTD on its website positions itself as an advanced forex broker of a new generation. However, this statement does not always correspond to reality, as emphasized by the negative reviews of some former clients. In this review, we offer a detailed overview of the conditions offered by the platform tradeltd.com and the reasons why the company ended up on the list of unscrupulous ones.
Broker Analysis Trade LTD: Reliable Partner or Deception?
At first glance, the website tradeltd.com looks attractive: clear design, educational materials, and the opportunity to read reviews from traders. However, there is a question about the company’s connections with the project Glenmore Investments, which had a not very favorable reputation. After the closure of this firm, clients were offered to switch to another platform in an attempt to improve their reputation through rebranding.
- Since its launch in 2018, tradeltd.com has managed to earn itself a not very good reputation, according to numerous negative reviews on forums.
- Although the website design is of high quality, the information about the company is omitted or machine-translated, which is questionable.
- The absence of a license and regulator, as well as registration in an offshore company in Panama, raise reliability concerns.
- The reviews on the tradeltd.com website are presented as internet photos and standard texts.
- The lack of a demo account and bonus programs is also a reason for reflection.
- Contradictory information about risks and easy earnings raises doubts about the seriousness of the company.
It is claimed that customer support is available 24/7, but actual data may be somewhat different, especially on weekends.
Review of Trading Conditions at Trade LTD
When choosing a broker, users pay attention to the conditions offered by the company. tradeltd.com offers 5 types of accounts:
- Standard Account with a minimum deposit of $200 and leverage of 1:100.
- Silver Account with a minimum deposit starting from $1,000 and a spread from 1.9 pips.
- Gold Account with a deposit of $5,000 and leverage of 1:200.
- Platinum Account with an initial deposit of $25,000 and a spread from 1.3 pips.
- VIP Account for professionals with a minimum deposit of $50,000 and a minimum trade volume of 1 lot.
Additionally, tradeltd.com promises customers:
- trades starting from $1,
- mobile application, multiple trading platforms,
- low commissions,
- consultations from specialists, webinars, and educational materials,
- various deposit replenishment methods,
- constant spreads.
Despite the attractive conditions, customer reviews indicate otherwise, pointing to possible fraudulent schemes employed by the company.
Fraudulent Practices at Trade LTD
Based on reviews and website analysis, it can be concluded that Trade LTD uses dishonest methods:
- Active targeted advertising promising incredible profits, sometimes contradicting reality.
- Ignoring customer requests for fund withdrawal and support inquiries.
- Assigning an analyst who, instead of helping in trading, aims to deceive the client.
- Difficulty in withdrawing funds and proposals of debts to refuse withdrawal.
Trader Reviews on Trade LTD
Reviews of tradeltd.com on independent resources are often negative due to problems and customer dissatisfaction.
For example, trader Alexander72 emphasized the lack of a personal manager and the absence of the company’s license, causing him to distrust.
User Elena shared her experience with fund withdrawal, which was not successful.
Svetlana also expressed her disappointment in working with tradeltd.com.
Conclusions about Trade LTD
Our review has shown that cooperation with the company Trade LTD is not without risks. The presence of a license and reputation play an important role in choosing a broker. Negative reviews and customer dissatisfaction point to possible issues. We recommend weighing all risks and studying additional information before deciding to collaborate with tradeltd.com.
Author: Alina Maymistova
I’m deeply dissatisfied with the service provided by Trade LTD as their operating mechanisms are not transparent and the feedback from real traders has been increasingly negative.
I am highly dissatisfied with the services of Trade LTD Broker as they have consistently failed to deliver on their promised returns, demonstrating a clear lack of professionalism and competency.