Tradesto Review – Scammers Still Operate A Struck Off Company
It was difficult not to let out a chuckle while browsing tradesto.com website. It’s full of broken English, and there’s a few nonsensical sentences here and there.
The backdrop isn’t funny in the slightest, though. This is a fake trading platform that managed to swindle numerous investors.
To learn more about the dangers of unregulated brokerages, read our Tradesto review.
|Regulated by:||Unregulated Broker|
|Is This Company Safe?||No, don’t trust unlicensed firms with your money!|
|Have Warnings from:||FCA, CONSOB, AFM, SC, IOSCO|
|Registered in:||St. Vincent and the Grenadines (alleged)
South Africa (alleged)
|Trading Assets:||Forex, Precious Metals, Energies|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Unlicensed firms like Tradesto are known to deny withdrawals. Contact our legal experts via the live chat for help with asset chargeback.|
Deregistered And Struck-Off
It is known that Tradesto was previously incorporated in Vanuatu, but was a subject of a VFSC strike-off, which happened in 2021. In the same year, their other branch with Malaysian ownership, Tradesto UK Limited, was dissolved.
These actions happened as a result of several warnings published against this firm by FCA, IOSCO, SC, CONSOB, and AFM. Sadly, the domain dating back to 2012 is still active and accepts deposits, so better choose a reputable broker to trade, rather than risk a loss with Tradesto.
Tradesto Is Old, But It’s Far From Gold
Tradesto trading platform was first launched in late 2012. Even then, the company made some unrealistic claims such as guaranteed 62.3% return on investment for their clients. Tradesto is mainly oriented towards these areas:
- Myanmar (Burma)
- United Kingdom
We can openly say Tradesto is a failed company. No amount of advertisement could help them back on their feet, so they decided to do the same as ZES Forex, and employ boiler room agents to market their services.
These stubborn and persuasive solicitors keep pestering potential new clients to invest. If someone gets interested in the deal, they ask for increasingly large sums of money.
Consider seeking our professional aid with asset recovery if you have any money invested with Tradesto.
Tradesto has been around for a long time. However, their online presence is quite scarce. Not many of their users have rated their services, which shows on their Trustpilot page.
With an average rating of 2.6 out of 5 and acknowledgement about the received regulatory warning, this presentation doesn’t inspire trust and interest for investing.
No Known Trading Values
Since the Tradesto website now operates as a single-page presentation, the homepage doesn’t provide enough relevant information.
Any of the mandatory trading parameters that the broker should introduce you to are omitted from the website. Even the published ones, like spreads, show unrealistic numbers that remain unconfirmable.
Second-Class Trading Tools
The most that Tradesto currently has to offer are empty promises of top-notch trading platforms and advanced tools.
No concrete information exists on the website that would allow you to get details on the specifics of their offer. What additionally undermines the current state of things is the restriction imposed on registration.
Advertised MT4 Is Nowhere To Be Found
Tradesto doesn’t openly advertise any trading software on their main page. The page only contains a dysfunctional link towards the application download.
If you look a bit harder though, you will see that the company claims to provide MT4 to their clients. These allegations are just empty promises, however. In the end, you won’t find a functioning app either for desktop or mobile devices.
Nothing About Trading Accounts
We’ve spent quite some time looking for a way to create a Tradesto login, but to no avail. There is no information about various account types, or a demo.
For a company that claims to be a multinational business, you’d expect an Islamic account, but Tradesto has no such thing.
Empty Allegations About Trading Instruments
Tradesto uses the same strategy as CFDglobe. They try to mimic their legitimate competition by advertising a variety of trading instruments.
The company claims to offer these instruments:
- Forex (EUR/USD, AUD/NZD, GBP/CHF, USD/JPY)
- Precious Metals (Gold)
- Energies (Crude Oil)
It’s impossible to tell whether tradesto.com makes any trading possible. There are no accounts nor a trading application, so we couldn’t test the instruments first hand.
Complaints About Withdrawals
Most of the ex Tradesto customers have complained about the inability to cash in their profits. As the website doesn’t even remotely explain how these processes work, any tries are just wild guesses.
We have to stress the importance of being well-informed of the particularities of these steps. If the broker is insisting on crypto deposits and payouts only, you should know that they’re doing that as a precaution. Keeping their anonymity yet making the transfer definite is the way to pocket your investments.
The only way to get in touch with Tradesto is via email. It is known that this channel could be slow and not accurate enough in helping the customers. False brokers often limit the communication to this method solely, so they aren’t bombarded by information or obligated to reply to inquiries at all.
Get Help While There’s Still Time
Prompt action is the key to getting back your lost investment. Blacklisted brokers like Tradesto and hundreds of similar domains will continue to pollute your way to Forex success.
Please do not despair if any of them has tricked you into depositing – there’s still hope. If you contact our customer service, you can book your free consultation and get proper legal help in restoring your capital.
What Is Tradesto?
Tradesto is an unlicensed forex broker fraud. It was formerly registered in Vanuatu and the UK, but has since been struck off.
Is Tradesto Regulated?
No, Tradesto is an unregulated firm, and it has been placed on blacklists of numerous regulators. If you have invested with this illicit company, contact us at any time via the live chat for help with asset recovery.
How Does Tradesto Work?
Tradesto boiler room agents squeeze the money out of their victims. Once the money is deposited, however, they refuse to allow a withdrawal.