Trade100fm Forex broker review: key aspects of operation, reviews
Expert Review of Broker Trade100fm: How to Expose Scammers
When preparing expert reviews about mediators, there is sometimes a feeling of déjà vu when faced with similar promises of high income with minimal risks. Trade100fm, a forex broker promising easy trading, big profits, and professional support, turned out to be such a company. However, reviews and feedback have shown that all the promises on their official website are false. Let’s look at the truthful picture and explore information about the broker Trade100fm.
Information About Trade100fm’s Parent Company
We found that Trade100fm belongs to the company Level Up Capital Ltd. This company, located in the Marshall Islands, does not have an official website and is virtually unknown online. Official registration data indicates certificate number 97788.
Offshore jurisdictions like the Marshall Islands attract scammers due to weak legislation that allows easy registration without hassle. Such places are ideal for fraudsters because victims cannot effectively protect their rights. The Trade100fm.net website does not specify the broker’s operating period, but claims to have 50,000 active accounts and popularity in 18 countries. These claims need verification due to the broker’s unreliable reputation.
Review of Trading Conditions on Trade100fm
Trade100fm started its operations in April 2020. All reviews of cooperation up to that point are fake and written on demand. Despite its short period of operation, the broker has received numerous complaints from traders due to problems with fund withdrawals and poor support service.
Main communication channels are listed on the website, including the Marshall Islands address, phone number, and email address. However, many users complain about ignored requests and poor service. The broker lacks a license for its operations, leaving traders unprotected in conflicts.
Registration Process on Trade100fm
To register on the Trade100fm website, you need to fill out a simple form with basic details, including name, email address, country of residence, phone number, and promo code. Users note that access to trading conditions is only provided after full identification.
The client agreement contains many provisions allowing the broker to block account access, cancel trades, and ignore legal proceedings. The broker targets novices, offering them education services and minimal trading information.
Deposits and Withdrawals on Trade100fm
The broker offers several ways to deposit funds, including bank transfers and cards. However, transaction fees can be high, especially during withdrawals. Users complain of delays and payment refusals, alleging deceit and false promises.
Reviews of Trade100fm
User reviews of Trade100fm indicate a fraudulent scheme used by scammers. They offer safe trading with high profits but ultimately deprive clients of their capital. It is recommended to avoid any connections with this company due to its dishonest practices.
Conclusion
Despite its short existence, Trade100fm has already gained a bad reputation for fraud and deception. Without a license and hiding information about its operations, the broker poses a threat to investors. Registration on the Trade100fm.net site is risky and may lead to capital loss. Be vigilant and beware of such scammers.