Tradestrike: customer reviews about the company’s performance in 2023

Tradestrike: customer reviews about the company’s work in 2023

Tradestrike Overview

Tradestrike is one of those dishonest companies that have several web resources in reserve to switch to when one of them is blocked. One of the “leaders” on this list is Tradestrike. In the following review, we will examine the ins and outs of this “kitchen” and why it is better not to deal with it.

Main Facts about Tradestrike

The company Tradestrike has impressive statistics. The broker claims the following:

• plenty of assets for trading,
• 310,000 active accounts,
• average order execution time – 0.7 ms.

However, it is unknown how long the broker’s service lasts. Checking the domain history revealed that the website tradestrike.pro was officially registered in May 2023. This explains the lack of reviews about this financial agent.

There is very little contact information for technical support. A fake email address and an office address in London (which is not the actual location of the company, as confirmed by Google Maps data) are provided for communication. Even without feedback from real clients, it becomes evident that constructive communication with the employees of this company should not be expected.

Licensing and Regulation

The Client Agreement of Tradestrike states that the company is registered in England, but without any supporting documentation. Information about the company TRADESTRIKE LTD with registration number 13249059 in March has no relation to the brokerage service. The organization deals with investment trusts.

For the provision of financial services, the company must have not only registration but also licensing in the relevant jurisdiction. The FCA regulator from the UK has no information about Tradestrike.

The Central Bank of the Russian Federation has already included Tradestrike in the list of prohibited entities (updated as of June 14, 2023). At the moment, the domain tradestrike.pro is not on the blocked list. However, the regulator has already pointed out the use of domain names tradestrike.co and trade.tradestrike.co by scammers.

Scammers are rushing to use their backup web resource to full capacity to deceive as many people as possible before negative reviews and the blocking by the Central Bank of the Russian Federation. Tradestrike is also not included in the list of licensed financial institutions of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan, the National Bank of Belarus, and other regulators of CIS countries.

Trading Options

Clients of Tradestrike claim that very favorable conditions are provided, including:

• several types of accounts with an initial deposit starting from $250,
• no demo account for risk-free practice,
• spreads from zero,
• no commissions,
• leverage up to 1:100 (violating the requirements of European regulators on leverage at 1:30),
• proprietary trading platform,
• assets include currency pairs, cryptocurrencies, commodities, indices, and stocks,
• protection against negative balance,
• daily market reviews,
• some tariffs include an online trading room and Trading Academy, signals, and individual analysis.

Reviews confirming the honesty and financial stability of the company are absent. There is no information on how to deposit funds and withdraw profits, as well as whether the company pays out earned funds.

Why Are There No Reviews?

The lack of reviews is due to the fact that the company recently appeared, along with its predecessor-clone. However, the situation can change at any moment, as scammers actively promote their activities and do not initially plan to cooperate honestly with traders.

It is recommended to exercise maximum caution. If you have already fallen victim to these scammers, inform others about it. Perhaps your review will help someone else protect their capital.

Features of the Fraudulent Scheme

Tradestrike understands that their scam will not last long. Several domains are already on the Central Bank of the Russian Federation’s blacklist and under Roskomnadzor’s block. The same fate awaits others. Therefore, scammers do not waste time, attracting users immediately without providing the opportunity to practice on a demo account. Once the victim is hooked, the trap closes quickly. Fraudsters advise installing remote access software and use it for the illegal zeroing of the victim’s deposit. The user discovers the loss of funds but cannot prove Tradestrike’s guilt.

Analysis Summary

Tradestrike has no positive aspects, only negative ones. The company conducts unregulated activities, is on the Bank of Russia’s prohibited list, and provides false information about its experience. The risk of starting cooperation with this suspicious intermediary is not worth it.