Worldwide Trade: Customer Reviews on the Company’s Performance in 2023
Positive view on Worldwide Trade opportunities
Worldwide Trade promises attractive trading prospects. According to the broker, it has been providing services for over twenty years and has paid out over $15.8 million to its clients during this time. The coverage geography extends to more than one hundred ten countries, but some doubt this, considering that reviews about the company can only be found on Russian-language internet forums, and this happened recently. Through a detailed analysis, you will learn about the company’s activities and its strengths or weaknesses.
Interesting facts about Worldwide Trade
Worldwide Trade describes itself as a long-standing broker, but information from the whois service indicates that worldwidetrade.io started its activities only in late May 2023. Company representatives have exaggerated their experience to appear more authoritative. Real clients not only complain about the broker’s fraudulent actions and financial issues but also about unprofessional service. The only means of contact is email, but it turns out to be useless, as the address is fake, and clients cannot reach support. During the investment attraction process, users will be called from temporary numbers.
Another distinctive feature is complete anonymity. There is no information about the company’s management on the website, and therefore it is unclear who will be responsible for financial losses. According to former clients’ reviews, scammers disappear immediately after deducting money and stop communicating with the defrauded investor.
Legitimacy of Worldwide Trade activities
The company’s opinion about its own legality has been cast into doubt. Although the organization has not published its legal documents (registration certificate, license), information on the startup’s homepage reveals that the brand is controlled by Tradelink Worldwide Limited, registered in the UK (registration certificate №03790357). Checking this data on the Companies House resource showed that the organization has existed since 1999, but in 1999, Worldwide Trade did not yet exist. It appears that scammers stole data from another company to gain more trust. It should be noted that the actual organization Tradelink Worldwide Limited has no relation to brokerage services.
Also, Tradelink Worldwide Limited appears in the list of licensed companies of the UK Financial Services Authority (FCA). However, the official website of this organization is tradelinkww.com; the researchers of the Worldwide Trade project have not even heard of the existence of the company Worldwide Trade.
Cooperation terms in Worldwide Trade
Worldwide Trade representatives offer a deal, claiming to have a functional trading platform suitable for both professionals and beginners. However, in practice, this turns out not to be true. According to clients, scammers work with a controlled platform and lose users’ deposits. Risk-free training is not provided: cooperation can only be started after an initial deposit.
The main offers of the company include:
- up to 80% profit,
- 24/7 support,
- low commission costs,
- personal financial advisor services,
- maximum daily loss – not more than 5%,
- total loss – up to 10%,
- trading challenge – from 30 to 60 days,
- registration fee is not specified.
Based on feedback, scammers set unrealistic conditions, leading to traders losing time and money.
The broker also offers several tariff plans with initial thresholds from 250 to 20,000 euros. Traders are promised floating spreads, leverage up to 400x, market execution, commissions from 6 to 12 euros, and mobile trading in certain tariffs.
Reviews and recommendations
Reviews about Worldwide Trade are pessimistic. Users note that scammers deceive and do not return initial deposits. It is recommended to be cautious in dealing with this company.
Share your experience and talk about interacting with Worldwide Trade. Your sincere comments will help others avoid participation in a financial scam and protect their funds.
Fraud methods
Worldwide Trade targets its efforts at newcomers who are just starting their journey in financial markets and lack the necessary experience to choose a broker. Scammers persuade to invest a minimum amount of 250 euros, then demand additional investments.
Instead of professional assistance, clients receive false trading advice. This leads to the zeroing of their deposits and deprives them of the opportunity to seek help from regulators and lawyers. Clients usually have no money left to recover damages through the chargeback service.
Independent analysis results
Based on a thorough review, it can be stated that the company Worldwide Trade is a typical representative of secondary “financial kitchens” that offer their services circumventing the law and providing no guarantees. By risking cooperation with them, you are only exposing your funds to loss.