TSLtrade: customer reviews of the company’s performance in 2023.
The Dangers of Collaborating with TSLtrade
Upon receiving a warning from the regulator about the fraudulent activities of a certain company, it is necessary to carefully consider this information. Ignoring such recommendations poses a risk of losing capital and depriving oneself of necessary legal support. Many newcomers fall victim to financial scammers due to their naivety and lack of caution. In this analysis, we will examine TSLtrade, a company that, despite its popularity, has caused dissatisfaction among many investors. Let’s look at the signs that indicate TSLtrade is a typical financial scammer and how to act in case of affected investors.
Key Information about TSLtrade
According to the provided information, TSLtrade has been operating since 2009 and provides brokerage services worldwide. Additionally, the company claims to have received several prestigious awards from 2017 to 2020. However, there is no documentary evidence of these awards. Reviews of the broker’s performance only started appearing last year, raising doubts about the long-standing existence and reputation of TSLtrade.
An analysis of the domain name history indicates that the company’s website has been active since late July 2022, suggesting dishonesty in information about extensive experience and awards. The company aims to gain trust from clients for the purpose of fraudulent enrichment.
Despite TSLtrade’s promise of providing professional round-the-clock support, the available communication channels are limited solely to email.
Regulation of TSLtrade’s Activities
TSLtrade may appear to be a reliable broker due to the presence of internal documents outlining the terms of cooperation. However, upon closer examination of these rules, it becomes clear that the company absolves itself of financial responsibility and does not guarantee compensation for client losses. If necessary, TSLtrade can unilaterally terminate the contract with a client or attribute losses to force majeure circumstances.
The company is purportedly registered in Saint Vincent and the Grenadines, an offshore zone where the activities of financial institutions are not subject to regulation. Additionally, TSLtrade does not provide a copy of a certificate confirming registration on the islands. Furthermore, the company’s listed office in London is situated in a multi-story building, making on-site verification challenging. The lack of a license from the FCA regulator indicates the unlawful activities of TSLtrade.
TSLtrade’s Terms and Methods of Operation
TSLtrade aims to enrich itself rapidly through traders, hence they do not provide the opportunity to practice on a demo account and require immediate balance replenishment after registration. There are several tariff plans with different conditions, including access to various financial instruments, balance protection, specialized software, and training.
TSLtrade’s Fraudulent Schemes and Conclusions
Companies like TSLtrade should not be trusted, as confirmed by the Central Bank. Based on investor and regulator reviews, collaboration with this company carries a high risk of capital loss. Past victims of financial scammers recommend staying away from TSLtrade!