Blue Trading Reviews

Blue Trading Reviews

Maxitrade scummers

It may take time but eventually you will talk to the right person, or persons, and your case will be addressed. What is most likely to happen is that the combination of your contact requests, forum complaints and charges with regulators will add up to one thing, the broker giving you your money back to avoid a much bigger hassle. The broker won’t help, now what?

We’re proud to be copied by hundreds of fake websites who use our good reputation to fish potential clients, just as much as we’re ashamed of their poor judgment. They’re hunting clients using big words like scam or fraud, yet they’ll point naïve traders at all the wrong places. With your help, we’ve managed to review hundreds of brokers, signal services, autotraders, robots, and other related products, and will keep doing so. Well-known scam tactics include adding bonuses to traders’ accounts and then refusing any withdrawal request until some enormous (and often unreachable) volume is traded. Another common trick is to trade on clients’ account without their permission and then asking for a new deposit when the balance reaches zero.

I can’t believe how terrible people have become in the world, how can a broker call me up and make me believe that I was investing into something genuine, in a couple of months I had been fleeced out of my life savings, till this day havent even been able to get fully back on my feet. Having taken my time to do some research would like to speak with other https://maxitrade.bid people who have been through similar experience, together without a doubt I am sure with likeminded minds we can all get our money back. I lost a lot of money with Blue Trading, they were very clever. None of the recent reviews on here are genuine. They are all recovery scammers trying to make you lose even more money that you already have lost.

ThatSucks.com team primary goal is to provide a safe environment for all traders, new or veteran, in which they can find honest, unbiased reviews and information about different CFD, FX, Crypto, and BO brokers. To keep you safe from Scam, we bring you hundreds of reviews but also help you get started by recommending which ones to read first, based on your experience level and investment appetite. If you are already a victim of a Scam, the team will do anything they can to help to resolve your issues.

Many traders want Forex to have the same treatment as the stock and commodity markets. Of course, scam and fraud are frequent phenomena.

Common Cryptocurrency Scams

Also – if you see them mention anything MLM (Multi Level Marketing) related, they are trained to lure you in, so run the other way. These people don’t play around and will say whatever is needed to get you to sign-up and invest.

In addition to the standard MetaTrader4 terminal, the company offers its own, xCritical platform, as well as mobile trading applications. Moreover, MaxiTrade is not limited to this and provides users with the opportunity to undergo training. OANDA also offers various trading platforms. Unfortunately, the company’s website doesn’t have any account options, (e.g. what amount should be deposited in order to be able to open and close transactions). Do note that these small flaws are unlikely to adversely affect the choice of traders.

It is spoken of as one of the fastest working platforms with orders being executed at lightning speed; customers immediately receive a report on each transaction in real time. On top of these, the company’s financial advisers are always ready to answer any inquiries from their users. MaxiTrade offers a wide set of financial instruments for trading, which are up to par with that of Saxo Bank and OANDA’s. The same can be said about the choice of trading platforms.

It’s one thing for a broker to give you access to the data and analysis tools to work out your own strategies (in fact, this is one of the signs of a great platform). It’s quite another for that broker to also offer trading advice. After all, with ‘over the counter’ binary options brokers, you are betting against the house; if the ‘house’ is making the trading decisions for you, it’s hardly likely that those decisions will be in your best interests. This form of “upselling” is often the most lucrative for the broker, and is usually the where traders lose the most. Encouraged by an “account manager”, traders are advised to deposit beyond their means and to over trade.

  • However, there are many ways to distinguish a fraudulent company from a reputable broker and they should be discussed separately.
  • In December the FCA published a consultation paper on the risks associated with binary options trading and, under a piece of financial regulation due to be introduced in January, regulated financial betting platforms will come under the FCA’s remit, but the watchdog says that its hands are tied when it comes to any unregulated operations.
  • The customer service simply doesn’t reply to messages sent by the trader.
  • MaxiTrade is a broker, presumably Russian, that provides trading cryptocurrencies through CFDs on MT4 platform.
  • Blacklisted CFD and binary brokers list can be a valuable source of information on brokers.

These options could be traded in virtually any account that’s approved for options trading, providing the agent chooses to record them. Available for Android units, the app lets you convert more than 160 currencies and commodities utilizing the latest foreign exchange rates.

Got scammed by this broker, What to do ?

Anyone can enter the market with as little as $300 USD to buy and sell a “mini account”, that allows MaXi Trade you to trade lots of 10,000 units. A downside to the use of metatrader EAs is the fact they make anybody an instant expert in forex. Sometimes Maxitrade scam scam brokers add unauthorized bonuses that are disabling withdrawal as certain (usually extremely high), turnover must be reached before withdrawing. Adding bonuses without prior approval is illegal, and traders should contact legal services immediately.

Ms Ablett said that she initially invested £200 with the company, but that individuals who described themselves to her as “brokers” convinced her to up her stakes, telling her she was trading on the performance of gold and stocks. In the year to May 2016, the most recent for which figures are available, the National Fraud Intelligence Bureau (NFIB), which is part of the City of London Police, reported having received 305 reports of binary options scams, or 27 each month.

This is not to say that small Forex agents are fraudulent, but do not assume that your deposit is secure because you opened an account with a broker. Apart from these strategies forex traders may use forex futures and forex choices to cover the loss and well concerning cover the profit.

Maxitrade scummers

At one time, former President Barack Obama made serious criticism of Wall Street. Financial companies, in his opinion, have forgotten that behind every dollar citizens trade with, there are families with loans, families that desire to make purchases, and so on. Hence, there is a need for the implementation of the most stringent restrictions in relation to the Forex market. A lot of regulators are following a similar path in its desire to actually care a country’s market participants. but this company just show that even with the small money left on my account ($2,000) they won’t give it back to you.

We don’t recommend, facilitate or encourage trading with products that are not regulated. FairForexBrokers.com does not recommend any forex, crypto and binary brokers or exchanges to US traders besides NADEX, which is licensed by CFTC.

Maxitrade scummers

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