US500 Trade is a forex broker positioning itself as a reliable British partner offering a wide range of assets, analytics, technical support, and a secure trading environment. This information can be found on the website us500.trade. However, according to client reviews, doubts arise regarding the honesty of this intermediary’s actions. Let’s review the company’s activities to understand whether it is worth trusting your funds to this broker.
Overview of General Information about US500 Trade Project
Studying the “About Us” section on the website, one can conclude that the US500 Trade project was launched in 2010 with a focus on providing trading conditions for participants in the currency market. At the beginning of its operation in 2010, this forex broker received positive feedback from clients. However, as current times show, the situation has changed.
- One of the company’s stated missions is to provide clients with quality knowledge about financial markets. According to the website, over 750,000 traders trust this company.
- US500 Trade claims to support 45 payment systems and offer unique trading platforms.
Special attention is drawn to information about the project’s leaders and team. The name Vladislav Rozhkov is mentioned, who took on the role of CEO of US500 Trade in March 2018. However, it is difficult to understand the chain of management changes and the company’s offices in the UK, considering the lack of specific data on the website.
License and Certificates
Visiting the “License and Certificates” section on the us500.trade website raises certain doubts. The site is a primitive single-page with insufficient information. No certificates are published, and information about regulation is placed in the site footer. US500 Trade company:
- Does not sell digital assets.
- Is not an issuer and does not provide services for using CFD contracts and over-the-counter derivatives.
- Claims to engage in investment activities in accordance with the Companies House certificate.
It is important to note that when providing financial services in the UK, a company must have permission from the FSA regulator. The absence of such permission may indicate offshore activities or illegal practices. Although US500 TRADE LTD is registered in the British company registry, it is not associated with financial activities, raising serious doubts.
The company states that its main office is located in London at the address: London, 50 St. Mary Axe. However, according to clients, there is no information at the specified address about the presence of US500 TRADE LTD or any other major company.
How to Register on the us500.trade Website
To start working with a forex broker, a trader needs to go through the registration process and choose an account type. Three account options are offered with a minimum deposit ranging from 50 to 1,000 dollars.
In addition, the company designates all clients who have deposited at least 75,000 dollars as VIP clients. They are provided with a one hundred percent welcome bonus, senior broker support, market reviews, trading signals, and other privileges.
The registration process requires filling out a long form with personal data, accepting the terms of the user agreement, and passing a captcha. In the personal account, you can deposit funds, but access to educational materials, the trading platform, and demo account is limited, as users claim.
In addition to the web version, the company offers to download a mobile application, but the platform interface leaves much to be desired. In case of problems, contacting customer support involves many formalities and a long wait for a response.
What Clients Say About the US500 Trade Forex Broker in Reviews?
Many negative client reviews indicate deceit and dishonest activities on the part of US500 Trade. Clients complain about the inability to withdraw funds, offers to deposit additional amounts, and technical glitches leading to deposit loss.
US500 Trade Forex Broker: Review of Scam Scheme
According to former clients, the fraud scheme includes persuading to deposit funds, successful trading, and subsequent difficulties with fund withdrawal. Broker managers may offer various stories to deny fund withdrawals, causing serious concerns among traders.
Criticism is also directed at the ineffective interface and weak support from the company, leading to errors and deposit loss.
Summary of the US500.trade Forex Broker Review
We strongly recommend avoiding cooperation with US500.trade, as its questionable reputation and lack of a license make this broker an unreliable partner. Negative client reviews also indicate the unreliability of the company.
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I am extremely dissatisfied with the service provided by the US500 Trade broker as their scam operations have resulted in numerous fraudulent losses for their clients.