SafeTradez Review: A Transparent Examination

While reviewing this unlicensed brokerage, we noticed that much information is missing. For example, we have no idea who’s behind this fraudulent operation or under which regulatory jurisdiction it belongs. Let’s see our SafeTradez review and what we were able to find.

What About SafeTradez Regulation?

SafeTradez is an anonymous brand allegedly based in Belgrade, Serbia. Knowing that this country is not famous for firm regulatory supervision, we checked SSC looking for SafeTradez regulation. Of course, we found nothing. Since there’s no owner and no governing law, we cannot determine whether the company is actually in Serbia or any offshore country. All we know is that you will not receive any compensation in case you’re scammed.

In addition to the above, we strongly advise you not to invest in Avalon WM, CTA Capitals and CFBroker fraudulent brokers.

SafeTradez Warnings From Financial Regulators

Since the broker is present in many European countries, we’ve checked whether any regulators received complaints against SafeTradez. We found an official warning by the UK FCA stating that SafeTradez is a fraudulent trading firm you should not deal with.

Another warning came from the Italian CONSOB, stating the same.

Fund Withdrawal Issues With SafeTradez Broker

We’ve determined that SafeTradez operates without regulation, so we were not surprised to learn about issues with withdrawing funds. According to reviews, clients cannot get their money back, no matter how persistent they are. This brokerage is even making up extra fees and costs for withdrawals, but even if you pay them, you will still not see a penny back.

Be aware that being involved with SafeTradez may lead to scams.

Areas Of SafeTradez Scam

Our review has shown that the broker is mainly present in Canada, Australia, and Ireland. Yet, it has no authorization to provide financial services in any country, so be very careful. There’s no compensation fund that can be used for your reimbursement.

Also remember the names of the OMC Markets, FxxTrader and Infinox trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Traders About SafeTradez Scam

As you can assume, traders have nothing good to say about SafeTradez. Most of the reviews are directed towards withdrawal issues, but we’ve seen some clients complaining about account managers as well. It seems that these people don’t assist clients in making a profit but instead pressure them to invest more money. If you decline the alleged financial plan, your account will be suspended.

How Does Online Trading Scam Work?

Online trading scams usually start with an overpromising ad showing the market’s potential and the millions you can make overnight. Even if you’re aware that this is just marketing, brokers such as SafeTradez will tell you how it’s all logical and possible. Once you believe them and go into the process, you will find yourself unable to withdraw your money. And those same employees that were so available and supportive will never answer your calls or emails and will block your access to your trading account.

If you recognize yourself in our story, let us know. We may assist you in getting your money back.

Scammed by SafeTradez? – Tell Us Your Story

If you were scammed by SafeTradez, let us know. Our chargeback specialists may assist you in filing a dispute and receiving a chargeback.

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the fraudulent transaction. Instead of letting scammers run with your hard-earned money, get help immediately. Contact us via online chat to book a free consultation, and let’s take the first step towards a refund now!