TradingNew: customer reviews about the company’s performance in 2023
Assessment of TradingNew Service: Aspects and Practice
TradingNew, according to former clients, deliberately seeks to deceive and extract finances. Nevertheless, it is necessary to analyze the company’s actions more thoroughly before drawing final conclusions. In this review, we will examine the results of the legal basis check and trading conditions.
Initial Data
Presenting itself as an international brokerage firm, TradingNew is ready to collaborate with both professionals and novices. It is important to note that there is no information on statistics, development plans, or even the founding date on this trading platform. Domain verification revealed that the TradingNew.ltd project is new and has only existed for a few months since October 20, 2022.
Client reviews mention the TradingChartView.cc website as a place for registration and authorization. It is evident that this approach is aimed at expanding the audience of potential clients. Moreover, in the event of one site being blocked due to suspicion of fraud, there is a backup option.
There is no option for immediate technical or financial support. The company does not provide phone support or live chat. The only means of communication are filling out a feedback form or using email, although upon verification, the email address was found to be fake.
Legal Sphere
TradingNew restricts service provision to residents of Iraq, Iran, Japan, China, and the UAE. It remains unclear how the company operates in the Russophone regions, and there is no information on registration or the presence of a license in internal documents. Checks through specialized services showed no mentions of TradingNew.
Thus, a trader registers on the platform without sufficient information and entrusts their finances to anonymous individuals. TradingNew is not listed in the registers of regulators in CIS countries or in any blacklists, representing a risk of capital investment.
Trading Opportunities
TradingNew offers the browser-based terminal WebTrader, which has received numerous negative reviews. There is no demo account for practice trading, and balance replenishment is required immediately after registration. The platform offers several trading plans, including:
- initial deposit of $250,
- trading in stocks, currencies, commodities, and indices,
- 300-7000 STP,
- trading signals,
- trading with advisors in “Platinum” and “VIP” packages,
- leverage up to 1:200,
- educational materials.
User reviews highlight that the platform is solely focused on capital attraction. Specific operational conditions and commissions are not clarified, and traders claim that conditions change during the process.
Feedback
User reviews strongly recommend avoiding collaboration with TradingNew due to their dishonest approach. Scammers block user accounts as soon as they stop being profitable.
If you have experience dealing with TradingNew, please share your feedback and observations under our expert review.
Fraud Scheme: How Newbies Are Deceived
TradingNew insists that every investor installs AnyDesk for remote computer access. It is assumed that this way, the mentor can easily observe and teach the user about trading in financial markets.
However, in reality, this tool is used by scammers to siphon funds from users. This results in not only zeroing balances on the platform but also stealing money from the user’s bank card. Scammers are indifferent to the problems and interests of others.
Conclusion
TradingNew exhibits signs of a fraudulent organization, and investments in it are risky. Steering this shaky company are unknown fraudsters who are likely to continue their operations until legislative bodies intervene.
Exercise caution when considering collaboration with such dubious organizations. The risk of losing your funds is very high, and recovery may require specialized services.