Tradingweb Review – A List Of Frightening Facts

There’s anonymous brokerages and then there’s websites you can’t find a single piece of information on. They’re about the worst. Even fully incognito brokers have left traces somewhere that give them away. But not Tradingweb.

The website itself offers not a single hint on who the broker is, where it’s located and what their parent company does. Based on everything we somehow managed to dig out on this evasive swindler, we’ve assembled this Tradingweb review. Reading it is a must if you do not wish to fall into the investment trap.

Is Tradingweb a Scam Trading Company?

From the looks of it, the negative feedback from users and no proof of license, we’d tell you to stay away from this one. But let us conduct the mandatory investigation before we can confidently claim so.�

From the very beginning, this broker seems shady and highly questionable for not disclosing their physical address. Since we were not provided with any starting point, we had to go seek help from Tier 1 regulators, such as FCA, BaFin, CySEC, ASIC and FINMA. None of these databases contain relevant information on Tradingweb. None of the known leading authorities has issued licenses or warnings against this broker.�

However, the fact that Tradingweb still offers their services to a number of traders is evidence of the brokers activities in the most heavily regulated zones. EEA and UK customers seem to have considerable problems with this broker. Yet, they’re not legally allowed to sell their products to the mentioned clientele.�

If Tradingweb was a legitimate broker with an EU or UK license they would first be transparent about their history and leadership. They would also provide security of funds in the form of segregated bank accounts. In accordance with MiFID, Tradingweb would have to submit financial reports to abide by the AML rules. Their leverage would be capped at 1:30 and negative balance insurance would protect customers from sudden and unplanned loss of funds.�

Tradingweb, as they are, do not seem to follow any of the legal directives. Take caution if you’re ever approached by this fraud. And think twice if you get offered any overly attractive deal.

Traders’ Opinion About Tradingweb�

Although there are only several reviews of Tradingweb online, they’re extremely negative. The customers seem to primarily be concerned with the trading costs. There’s also a worrying number of obstacles pertaining to withdrawals. Some of the dissatisfied consumers also complain about the unresponsive customer support. Read some of these reviews if you do not wish to end up like them:

‘’The world of online trading can be very alluring, but it’s also a breeding ground for fraudulent services. I was scammed by one of these services[…]’’

‘’They work with scam brokers like cow trading wealth. Nobody answers e mails in their support. Currently lost $140k in their forex trading platform cannot get money out.’’

‘’Don’t ever trust Tradingweb! They are a scam! You put in your money and the moment you want to withdraw they try to convince you otherwise and if you still insist, they change the account manager and whatever system they use on their website to show your account in the minus. So you pretty much lose everything!’’

Where Does the Broker Operate? – Countries of Service

Targeted areas of Tradingweb aren’t a single country or nation. The swindler has spread the poison throughout the market in various areas. For that reason, no trader is safe. Retail traders seem to be their favorite victims. UOP Capital is yet another unlicensed broker operating on a global scale.

Be extremely cautious if you trade from any of these countries:

• �Japan
• United States
• Philippines
• Vietnam

Deceptive Company Practices – How is the Scam Orchestrated?

Tradingweb has methods to deceive even the most experienced of traders. Even when the potential victim doesn’t like one offer or some of its conditions, the scam agent has another ace up their sleeve. The lies keep building up until the unsuspecting trader falls right into the trap. Led by the hope of big income or romantic interest, the place they all end up is the same – loss and despair.�

No real trading ever happens, as con artists only manipulate the numbers behind the curtains. When the time comes to withdraw the profits, you will be endlessly redirected to another agent, another condition and another fee to pay. It goes on and on until you’re not able to pay anymore and your final payout request is denied.�

Tradingweb Mobile App for Android and iOS

Unlike every regulated broker, Tradingweb doesn’t offer a desktop, web and mobile trading platform. Instead, they supposedly have their proprietary mobile app for every Android and iPhone. Since the homepage denies any interaction with the viewer, we couldn’t download the app.�

We then went to see the app catalogs on Google Play Store and Apple Store. The search yielded no results. An expected resolution to the Tradingweb app dilemma. It’s a question if the broker had any platform to begin with. The screenshots on the homepage may as well be fake.��

Usually, the scam brokers provide the simplest terminals of all – web traders. These are easily manipulated so they stick to them. MFTTrade is an example of one of these unscrupulous trading platforms.�

Can I Use a Demo Account?

It’s hard to answer the question regarding the Tradingweb packages. Since the home page doesn’t offer a functional sign up button, we couldn’t open any kind of account. The single option on the entire page is to register, yet it doesn’t work either.�

Don’t expect any other feature to be available for interaction. There’s neither any instructions how to join otherwise! Tradingweb online presentation is, by far, the worst we’ve seen until now.

Is It Possible to Withdraw Profit From My Tradingweb Account?

Judging by the negative feedback from their customers, Tradingweb doesn’t have a functional payout channel. The scam operates on many levels apparently. Some users claim their entire profit was fake, others that their deposit was eaten by the fees and lastly, defrauded victims report the support to be ignoring their requests and inquiries.�

As the statistics show, Tradingweb is not a trustworthy broker that would allow you to trade under transparent conditions and then allow you to withdraw the money you earned.�

Along those lines, they will also lock your initial deposit along with any profit and not let you get it back from their firm grip. Once Tradingweb gets a hold of your capital, there’s little left to do to recover it from the fraudsters. We have some advice for you regarding that. Read this review entirely.�

I Was a Victim of The Tradingweb Scam, What Should I Do?

The more money you’ve invested, the more Tradingweb will resist letting you take it back. That’s why it’s crucial to gather enough intel on this unscrupulous project and pass it to us. We can call the proper authorities to action, but as long as we have all the evidence necessary.�

However, do not give up just yet. You are not the only victim of the Tradingweb scam. Neither are you alone in this fight for justice. Help us help you by sharing your precious experience and knowledge on this or any other scam. We will do our best to advise you the right way and point you in the right direction.