Affluent Trade claims to be your way to financial independence. However, to achieve such a goal, you need to invest with a proper company and make sure you’ll be able to withdraw your funds.
Read our Affluent Trade review to confirm if this brokerage is right for you.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||N/A|
|Headquarters Country:||UK (allegedly)|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, cryptocurrencies, stocks|
|Free Demo Account:||No|
|Accepts US clients:||No|
Affluent Trade Regulations and Security
The first red flag regarding Affluent Trade broker would be the owner and the trading license. Nowhere on the entire website could we find an official owner behind this brand. They also listed an address in London, but there’s no FCA regulation number.
Of course, we checked it ourselves just to discover that company regulation doesn’t exist, and you’re dealing with a scamming brokerage. Now we have to assume their actual headquarters is offshore, which is why they hide an owner.
However, your funds are not safe with anonymous brokers, and you should avoid them by all means.
Fund Withdrawal Issues
Besides already mentioned red flags, after reading Affluent Trade reviews, we’ve noticed that clients are massively complaining about withdrawals. According to them, once you submit a withdrawal request, the broker’s employees will make sure that you will lose your funds or your account will be suspended.
If you submitted a withdrawal request and got no response or the request was denied, contact us immediately. Save your funds before it’s too late!
Traders About Affluent Trade Scam
According to everything we’ve seen, an Affluent Trade broker is a big scam. Besides withdrawal issues, clients complain about account managers forcing clients to invest more, selling them made-up stories about quick fortunes. Once you have no money to invest, they will simply block your account or not respond anymore.
Here’s just one of the examples:
I am also going through this at the moment and have had my accounts frozen by my bank. The guy who was my so-called manager was very convincing and even showed me a small profit Id already made on my $250 USD, Luckily I had to get in touch with bank security before I deposited any more money into their account. These people are so very convincing and friendly etc.sobeware out thereThe Unsuspecting Scam Victim
How Does Online Trading Scam Work?
As you can see so far for yourself, Affluent Trade has a nice promising ad related to Bitcoin investing. With as little as $250, you can make enough to live in these challenging times. And it would all be excellent if Affluent Trade was legit. Because yes, investing itself is, but this particular brokerage is a scam.
After the initial deposit, they will provide you with an account manager who will persuade you to invest more and more. If you want a payout, he might lead you on for months before blocking your account and rejecting your withdrawal request.
Beware of Affluent Trade scam and always look for Tier1 regulated brokers.
Scammed by Affluent Trade?
If you are scammed by Affluent Trade or similar bogus brokerage, let us know. We’ve received numerous complaints from their victims, and we’ve helped them file a dispute and ask for a chargeback.
But what is a chargeback?
It’s a way for your bank to reverse a transaction if you can prove you were scammed online. Contact our experts for assistance with this matter. Book your free consultation, and let’s get your money back.
What is Affluent Trade?
Affluent Trade is an online trading brokerage without financial regulation.
Is Affluent Trade a scam?
Yes, broker is allegedly based in the UK but doesn’t have an FCA regulation for providing financial services.
Is Affluent Trade regulated?
No, company doesn’t have any kind of regulation for providing financial services.