Tradefm promises members pure profits once they sign up and deposit a large chunk of funds. The platform claims the more you deposit, the higher your chances of winning. What caught our eye was the parent company, Evergo Ltd. The entity has been on the warning list of several European regulatory bodies. These include CNMV and CONSOB. So we have to expose Trade FM and help protect investors. Get the truth in our exclusive TRADEFM REVIEW.
According to the about us page, the platform was founded in 2013. The vision at the time was to create a world-class trading platform. However, what happened with the concept remains unknown. Today, the platform is facing several warnings.
Tradefm is not a trustworthy trading platform, and it comes with huge risks. Those who sign up with the platform will likely lose everything. And this is the reason why we have to expose tradefm.co.
Those who have already signed up are ruing the decision. Their encounter with the platform remains a painful experience. And this is what we want to expose to protect our ardent readers. Joining an unregulated platform is the start of your peril.
When looking for a viable investment platform, you need to join proven platforms. These platforms offer investors a real chance of winning. It’s what successful investors are using to forge ahead.
Tradefm will only lead you to huge losses. With no one withdrawing funds in the past few weeks, it’s best to avoid it. The platform is also liked with 4X Trade which is another platform with a warning.
It would be best if you did due diligence before signing up with any platform. The platform should be fully compliant with trading regulations. You can also request us to review any crypto or forex trading platform on your behalf.
Tradefm offers investors six investment plans that members can choose from. These include Basic, Bronze, Silver, Gold, Platinum, and Premium. In addition, each of the accounts comes with a different set of features.
Here’s a closer look at each of the six accounts;
Basic
It’s the most basic account and is suitable for beginner and novice traders. However, we are surprised by the required minimum deposit. The platform insists on a minimum deposit of $1,000. It’s four times the recommended amount set by regulators.
Bronze
For the bronze account, investors have to deposit $5,000. With this amount, you would expect to get a massive advantage with the features. Unfortunately, it’s not the case as the features are almost similar to the basic account.
Silver
There’s a minimum set deposit of $15,000 with members getting one session with an analyst. The diversification level is set at Basic, with members enjoying leverage of 1:200. There’s also an option of financial and risk management plan service.
Gold
You have to deposit $25,000 to gain access to the gold account. Members get invitations to premium trading events. You also get daily market updates and educational packages. The leverage set for this account is 1:200.
Platinum
There’s a minimum acceptable deposit of $50,000 set for the platinum account. In addition, members get four live seminars and webinars with the account. The leverage is set at 1:300 with low spreads available.
Premium
It’s the most exclusive account with the platform targeting institutional investors. The acceptable minimum deposit is $100,000. Members get full access to analyst sessions with leverage set at 1:400. Spreads are set at a minimum with full diversification levels available.
You get to trade with five major classes of trading instruments. These include commodities, Crypto, forex, indices, and shares. Commodities found on the platform include your average trading entities.
Members get to trade cotton, sugar, wheat as major commodities alongside leading energies. In addition, the platform offers leading crypto pairs such as Bitcoin, Dogecoin, Litecoin, and Ripple when it comes to Crypto.
These cryptos are paired against the US Dollar. When it comes to forex trading, members enjoy major and minor pairs. There are over 40 major pairs with slightly over 12 minor pairs to trade with. Unfortunately, you don’t get to spread your risk with exotic pairs.
You can also trade with major international markets such as DAX, Dow Jones, Nikkei, and more. Members also get to trade with leading stocks for a chance to trade. These stocks have what it takes to take your trading to the next level.
On the legal page, we see there are bonus terms and conditions. And this means the platform does offer bonuses to investors. But, unfortunately, when you click on the actual bonus page, you get a blocked website.
And this means we are dealing with a platform offering bonuses behind the scene. These bonuses later come back to bite the owner. You won’t get to withdraw funds unless you pay back in full the bonus.
The platform will demand a fresh deposit even if your account has sufficient funds. It’s their way of knowing if you want out. If you make the mistake of paying the bonus, the platform quickly deletes your account.
Evergo Ltd is the entity claiming full ownership of the platform. However, there’s a warning out from several regulators in the greater EU region. The parent company has been flagged as a high-risk investment platform.
You will notice there are no names mentioned on the platform. This is because it makes Trade fm an anonymous investment platform. And this is the reason why we have to stay away from the platform. It comes with a considerable downside.
When selecting an ideal investment platform, make sure to test their communication channels. The platform will try and control the communication channels. For example, on the contact page, you get a message dashboard and a UK phone number.
To try and contact European investors, they hire the services of virtual phone service providers. And this is a smart move as they also hire call agents to act as account managers. You won’t get to call them; instead, the platform calls you when they need something from you.
Members fund accounts using several methods, which include bank and wire transfers. Once you fund your account, there’s no way of turning back. And this makes it possible for the platform to delay your withdrawal.
No one has yet to withdraw funds in the past few weeks. The platform is adamant that withdrawal is possible. Members, on the other hand, have tried for days without any success. The platform wants to do away with these members.
Your funds are far from safe with a platform that fails to safeguard the interest of clients. Trade FM doesn’t offer any safety net to investors. And this is a problem members are facing. You won’t get any compensation when the platform winds up.
We also suspect the platform isn’t segregating accounts as dictated by trading regulations. It means Tradefm.co is pooling funds in one account. The platform is probably sending all funds in a single offshore bank account.
No, Tradefm is not a licensed platform, and there’s a warning out from CONSOB. So please stay away from it.
There’s no way we would recommend using Tradefm, and it’s a high-risk investment platform.
We do recommend using platforms with a proven track record. It’s the safest way to invest and earn realistic profit margins.
If you have any queries, feel free to drop an email.
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