It looks like 2020 was fertile for all the scam companies to arise. Since the world was dealing with the Covid-19 pandemic, fraudsters saw their chance to open a company and stay unregulated. However, our Acceptrade review will show you that someone does follow it all and wants to protect you.
|Broker status:||Offshore Broker|
|Regulated by:||No regulations|
|Blacklisted as a Scam by:||FCA|
|Owned by:||AccepTrade Ltd|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Acceptrade Regulations and Security
Acceptrade is a brand owned by AccepTrade Ltd from the Commonwealth of Dominica. Of course, the first thing you’ll notice is an offshore country this broker chose to settle in.
However, even Dominica has an authority body, FSU, which says companies need to opt for regulation. Checking this register gave no results, meaning that Acceptrade is yet another fraudster out there looking to profit from people’s life hazards, such as a global pandemic.
Acceptrade Warnings From Financial Regulators
Based on too many complaints about Acceptrade, the UK FCA issued an official warning against the broker. According to them, the company is fraudulent and has no authority to provide financial services in the UK or elsewhere.
Fund Withdrawal Issues
What can you possibly expect from an offshore scam? Withdrawals are an essential part of the trading process since making a profit is nice, but withdrawing it from your bank is much nicer. Therefore, seeing that Acceptrade makes clients withdrawal issues made us certain this is not a broker for you.
After you invest a minimum of $250, the broker will stay with you as long as you are willing to invest more. Suppose you have submitted a withdrawal request; your account will be blocked, and you will not see your funds again.
Checking reputable websites, such as Trustpilot, gave us a good insight into Acceptrade reviews. First of all, a broker has a rank of 1.5/5 stars, which is worse than poor.
According to clients, investing themselves was more profitable than investing with this so-called brokerage.
Here’s an example:
“Much pressure is applied. For an account, you have to deposit $ 250-. They claim it is safe with PayPal and that you can have a refund, but PayPal does not, because nothing ‘illegal’ happened: it is not unauthorised in any way. So, you lose that big amount. Acceptrade consists of ‘big fat liars. Acceptrade does not mail, but call, and that should be a warning sign for the ones after me…”
How Does Online Trading Scam Work?
Have you ever seen an ad on Facebook and thought to yourself that you could change your life investing? After all, you’ve heard many wealthy people doing the same thing. You started with some platform that sounded lovely. They said all the right things and made such a good story, you found yourself completely.
Well, let us break it for you. Agents of illegal offshore companies have a good knowledge of what to say and when, to make you think you’re in the right place.
However, if you put a bit of effort into checking reviews and regulations, you will save yourself a lot of time and money.
Scammed by Acceptrade?
If you have been scammed by Acceptrade or a similar brokerage, you need a refund solution. And that’s a chargeback.
But what is a chargeback?
It’s a way for your bank to reverse a questionable transaction after you have provided sufficient evidence. For collecting those and guidance during the process, contact our team of experts.
We’re offering you a free consultation and a fast chargeback solution now!
What is Acceptrade?
Acceptrade is an online trading brokerage without any financial license.
Is Acceptrade a scam?
Acceptrade is a fraudulent broker blacklisted by the UK FCA.
Is Acceptrade regulated?
Acceptrade does not have any sort of financial license or regulation for providing financial services.