SafeTrade365 Review 2023: Is It Safe to Trade With Them?
In our research of offshore brokers, we came across SafeTrade365. As the name itself suggests, trading with this broker should be safe. But is it really? Can any unregulated offshore broker be safe? Let’s find out in our SafeTrade365 review.
|Headquarters Country:||Marshall Islands|
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- SafeTrade365 Regulation and Security
- Can I make money with SafeTrade365?
- Scammed by SafeTrade365?
- But what is a chargeback?
SafeTrade365 Regulation and Security
SafeTrade365 is a brand owned by AAA Global Ltd, registered in the Marshall Islands. The broker has no regulation. Besides this brand, AAA Global Ltd owns another scam brand, TopInvest100. It looks like the company enjoys giving funny names to scam brands.
When it comes to the security of the funds, there is no security, as’s the case with all unregulated offshore brokers. Nobody can guarantee that your deposit or profit is safe with such a broker.
We strongly recommend you find the broker regulated by a top-tier regulatory body such as FCA or ASIC.
Can I make money with SafeTrade365?
Logically, you want to know if it’s possible to make money with a broker. Nobody starts trading in order to lose. As we previously mentioned, SafeTrade365 is not regulated by any authority body. This means that your funds are not safe.
The broker is providing three types of accounts but does not list what the minimum deposit is. Also, we couldn’t find a list of fees and commissions that the broker is charging. This all tells us that the broker is not transparent and doesn’t care about its clients.
Investing money with an unregulated offshore broker is equal to putting your money on roulette. You never know what is going to happen, but you can hope for the best.
The broker is using the MT4 trading platform, which is good. And that is probably the only good thing to say. You can choose between currency pairs, commodities, indicies, shares, futures, and swaps. However, the absence of cryptocurrencies is very notable. The most popular asset on the financial market at the moment is not on this broker’s list.
With this kind of broker, the question is not can you make money. For sure you can. If you have any experience, or you follow the market and open the right positions, yes, you can make money. But can you take that money out? Are you ever going to be able to get your profit to your bank account? That is another question. And the answer, in most cases, is no. Scam brokers do not let clients withdraw the money. They prefer to manipulate accounts and lose money. And then blame clients for that.
Be careful when opening an account with a SafeTrade365 broker. You should avoid it at all costs. There are many regulated brokers on the market for you!
Scammed by SafeTrade365?
If SafeTrade365 scammed you, there is a possibility to get your money back. You are not the only victim of this scam broker. You need to file a dispute and request a chargeback.
But what is a chargeback?
Chargeback is the way of refunding your card in case you were a victim of an online scam. In case the broker stole your money via wire transfer, there is a solution for that too. Contact us immediately, and let’s start the procedure! Do not let the scam broker run away with your hard-earned money!
Is SafeTrade365 a good broker?
SafeTrade365 is an unregulated offshore broker. It’s not a good broker, and your money is not safe.
Is SafeTrade365 a Scam?
SafeTrade365 is a broker based in the Marshall Islands and operating with no regulation. It’s a scam broker, and you should be careful.
Is SafeTrade365 regulated?
No. SafeTrade365 is based in the Marshall Islands and has no regulation by any authority body.
Are Funds Safe with SafeTrade365?
SafeTrade is an unregulated offshore broker. Your funds are not safe with this broker. You should choose a broker regulated by top-tier regulatory bodies such as ASIC or FCA.