Reserve4Trade is not a platform you should reserve funds for. The platform is in utter disarray following revelations of blocking withdrawal attempts. For most users, the platform has become unbearable due to withdrawal delays. Regulators are investigating these claims and will come up with a ruling soon. In the meantime, we decided to take a look ourselves. Please find out more in our comprehensive RESERVE4TRADE REVIEW.
On the about us page, the platform claims a group of professional traders founded the company. Usually, when you hear that, you would want to know who these professionals are. But, unfortunately, the names of the founding members are missing.
When you dig further, you see a statement claiming the platform resides in the UK. However, the address on the platform does not match the actual location. Instead, it’s a residential building that is under renovation.
Reserve4Trade is a ruthless forex investment platform that’s not playing fair. Despite having an engaging website, the platform plans to rip off investors. And this is the reason why we must shun using it.
It would be best if you make wise investment decisions by joining reputable investment platforms. These groundbreaking investment decisions include coin staking, DeFi, and Masternoding. Try them out and see the results for yourself.
Reserve 4 Trade does not offer any investment opportunities, and it takes away from members. Without any withdrawal taking place, it doesn’t meet investment standards. Therefore, you should stay away from it.
One sure way of finding out whether a platform is legit is by doing due diligence. You can start by researching the platform. See what other investors are facing with the platform. It helps to find out from others their personal experience with a platform.
Reserve4Trades offers four investment packages. The four include Mega, Giga, Tera, and Peta. Each of the accounts comes with a different set of account features. What is concerning is the high leverage on four of the accounts.
Here’s a closer look at each of the four;
Mega
The Mega account is the most basic and is best suited for beginners. To invest with the account, you need to deposit $250. The maximum leverage on this account is set at 1:500. It’s way above the set maximum of 1:100.
Giga
For the Giga account holder, they must deposit $2,000 to start trading. The account comes with a maximum leverage of 1:400. Unfortunately, Crypto trading is not possible with this account, and there’s no support.
Tera
With the Tera account, users must deposit $15,000 to start trading. The minimum spread is set at 0.4, with the maximum leverage set at 1:200. Such high leverage means you will likely lose more in case of placing a losing trade.
Peta
It’s the most exclusive account, and members have to deposit $50,000 to start trading. The minimum spread is 0.4, with leverage set at 1:100. Thus, it’s the only account with acceptable leverage but with a high depository amount.
Reserve 4 Trade only offers four trading instruments, commodities, crypto, forex, and shares. So the first two account holders won’t take advantage of the volatile Crypto market. And this is a shame as you would expect everyone to get in on crypto trading.
Some of the commodities you will find include agriculture, energy, and metals. Leverage for commodity trading is set at 1:500. The platform promises to offer deep liquidity. You can trade small lots of 1000 Units with forex trading.
There are 65 currency pairs, with the platform only offering major and minor pairs. You don’t get to take advantage of exotic pairs. Trading shares is available with the platform offering shares from leading companies.
You only get a web trader that is custom-built. The problem with such terminals is the lack of testing from experts. You won’t get to know the vulnerabilities until you sign up and start using them. And this could be a huge setback for naïve investors.
We recommend using MT4, MT5, and SIRIX investment platforms. These are world-class trading platforms that offer traders an edge. You get to have advanced tools with EA capabilities. Traders using these platforms also get live market updates.
There’s a welcome bonus available for anyone wishing to continue investing. The platform claims it’s a promotional incentive. There are three promotional incentives of 20, 35, and 50 percent, respectively.
You have to ask yourself why a platform would offer a bonus of 50 percent for the first initial deposit. There’s no way it’s possible due to the regulator's warning on such. Regulators are against platforms offering bonuses.
With the bonus, you have to pay back in full when depositing. It makes no sense to receive a gift and then have to pay it back. The platform will use the bonus amount to block withdrawal attempts.
EU Trade LTD is the entity we are told owns and runs this business. However, the entity is not found on the Company House UK registry. And this means any documents they provide are false. The registration number is also false.
As we mentioned earlier, there are no names on the platform. We don’t know who owns or runs the platform. It’s a completely anonymous investment platform making it a high-risk. It would help if you endeavored to stay away from such platforms.
Reserve4Trade is not a licensed entity and does not provide investors with any meaningful documents. Without a clear license from the FCA, it means they don’t comply with regulations. And this is a clear breach of trust.
The platform does not follow strict guidelines set by the FCA. And this means they are free to operate as they please. That’s why we have a platform that has insane leverage of 1:500. The FCA would certainly not condone it.
It would be best if you looked for platforms that are ideal and follow strict regulatory guidelines. These include ASIC, BaFIN, CNMV, CONSOB, CySEC, and FINMA. Other notable regulators include FMA, NFA, and the SEC.
When deciding which investment platform to use, ensure your investment platform offers live communication channels. With Reserve4Trade, there’s no live chat or a direct way of communicating with agents.
On the contact page, you get a message dashboard where you’re to leave your comments. But, unfortunately, members have to wait for the platform to respond to such. Unfortunately, in most cases, the response is not in time. And this is another reason to worry.
You can only fund via bank and wire transfer. The platform emails members with details of the account to send funds. Once you send funds, the amount will appear in your trading account within 24 hours. At times, the bank denies receiving funds from members.
Members can start trading and even see their account balance rise. But, when the time comes to withdraw, that’s when all hell breaks loose. You don’t get to withdraw funds on time. Instead, the platform gives excuses or fails to respond altogether.
Your funds are far from safe with a platform that doesn’t offer insurance cover. In addition, being without a license means they don’t deposit the minimum required amount to offer trading services. And this puts your funds at risk.
In the event of bankruptcy or insolvency, members won’t get any compensation.
These are the main reasons why we don’t recommend reserve4trade.com
Now you know the reasons to stay away from Reserve 4 Trade.
Get the best out of trading by investing with reliable platforms. These platforms guarantee your safety when investing.
If you have any queries, feel free to comment or email us.
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