Unique broker review of Tradeview
Dubious reputation brokers use various tricks to deprive traders of their deposits or hinder their withdrawal of earned funds. “Tradeview” is one such company that has received many negative reviews. Traders claim that this CFD broker deceives its clients and complicates fund withdrawals. We offer you a detailed review of “Tradeview” to examine how reliable this company is.
Key information about Tradeview company
Broker “Tradeview” positions itself as a reliable broker with an impeccable reputation. However, the actual situation is not so optimistic. The company has been around since 2004, but only gained wide recognition in 2018 with the launch of the online platform tradeviewforex.com. Since its inception, the broker has been attracting trusting traders and carefully holding onto their money.
Tradeview is registered in the Cayman Islands and lists its address as 94 Solaris Avenue. Suite 1348 Camana Bay, Cayman Islands. The company claims to have offices in major cities such as New York, Watford, Bogota, and Lima. The broker also points to having a license issued by the Cayman Islands Monetary Authority (license number 585163). However, one should bear in mind that the Cayman Islands are an offshore jurisdiction, making it challenging to determine the actual owners of the company.
“Tradeview,” like similar “bucket shops,” offers a wide range of assets for trading: securities, commodities, cryptocurrencies, and currency pairs. Typically, honest brokers specialize in specific markets, while fraudsters, akin to “Tradeview,” aim to ensnare as many traders as possible who will ultimately lose their funds.
Another sign of the broker’s unreliability is the absence of a “Documents” section on their website. There is only a “Terms and Conditions” section. This indicates that the company does not want to inform clients about the possible risks of trading. In the event that “Tradeview” withholds your funds, it will be challenging for you to assert your rights, as there will be nowhere to turn for reference to the company. Many clients mention this in their reviews.
Analysis of the website tradeviewforex.com
The appearance of the broker “Tradeview” website is extremely attractive to traders. Here, you can choose from nine languages: English, Spanish, Arabic, Chinese, Japanese, Russian, Italian, Korean, Hindi. However, only the English and Spanish translations are done well. For other languages, the broker did not pay due attention, settling for the use of Google Translate.
On the homepage of tradeviewforex.com, several quote reviews are posted to create a serious impression of the company. However, in reality, these reviews are mere facade, with which the broker tries to lure traders.
The “Tradeview” website strongly encourages visitors to open an account by placing buttons prominently for this purpose. Additionally, the company’s “advantages” are presented, promising minimal trading costs, precise order execution, and no trading restrictions. User reviews mention the opposite. Also, on the “advantages” page, you can find the “Create an Account” button.
Among the articles offered, you can find reviews of other brokers, such as Banx Broker and Traders Trust, which can serve as additional information for traders.
Detailed review of Tradeview accounts
The website presents two types of accounts: Innovative Liquidity Connector and X Leverage Account. Each has its own features, such as transaction costs and minimum deposit size. For example, the Innovative Liquidity Connector incurs a transaction commission of 2.50 USD, while such a fee does not apply to the X Leverage Account.
The broker claims to have high-speed order execution, low costs, and no trading restrictions. However, many clients claim otherwise in their reviews.
Client reviews about “Tradeview”
There are no positive reviews about the company “Tradeview.” Many clients complain about deception, the inability to withdraw funds, and issues with technical support. The broker is not regulated in Russia, creating additional risks for clients.
Essence of the Tradeview deception scheme
The broker “Tradeview” is a fraudulent company that makes money withdrawal difficult and leads traders into losses. Users of the tradeviewforex.com site find it challenging to access their funds due to constant technical issues. Litigating against the company is also problematic due to the lack of licenses and transparency.
Conclusions on the Tradeview broker review
The key drawbacks of “Tradeview” are the inability to withdraw funds, constant technical issues, lack of regulation, and unsatisfactory technical support. It is not recommended to entrust your money to this company, as the risk of capital loss is significant. Be vigilant.
Author: Ivan Andrienko
I am extremely dissatisfied with Tradeview’s services as they consistently exhibit unfair brokerage practices.
My experience with Tradeview was extremely unsatisfactory and disappointing. I found the platform to be highly complex and not user-friendly. The team’s customer service also left a lot to be desired. Responses to my queries were delayed and often failed to address my concerns comprehensively. Moreover, the broker’s spreads were too high, making it difficult for me to earn a reasonable profit. I also encountered unexpected and hidden fees that were not explained at all. To top it off, the withdrawal process was a nightmare, taking far longer than promised. I felt a deep sense of betrayal and unfairness. I strongly suggest at least extreme caution when dealing with Tradeview, if not complete avoidance.
I am extremely dissatisfied with Tradeview’s services as their unfair practices and lack of transparency have significantly affected my trading experience.