One of the most bizarre trading platforms is TradeGF. The platform offers an unstable trading platform, not forgetting harsh trading conditions. There’s not much to trade with, and the platform ultimately blocks withdrawals. And that’s just the tip of the iceberg. The platform will even steal your personal information if you're not careful. Several complaints are already lodged against the platform. Here’s our comprehensive TRADEGF REVIEW.
The about us page claims TradeGF is an industry leader in CFDs and Forex markets. Whoever signs up with the platform will likely lose their investment. The platform will block your withdrawal attempts and fail to explain why.
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TradeGF is nothing but a sham trading platform that offers illicit trading services. Moreover, no forex regulatory authority does not even register the platform. And that puts your investment at risk since there’s no insurance coverage.
We don’t read about their background and history in the about us section. And that makes us even question the intentions of the Trade GF trading platform. So we decided to dig a little deeper and find out.
Looking at the domain records, it’s clear the owner has created the website for sale. So yes, the domain tradegf.net is up for sale. And that could only point out that the owner plans to exit the scene with funds.
These are the tell-signs of a platform that wants to fool investors. We have a platform that doesn’t give a damn about the safety of funds. The platform is only interested in the amount members deposit.
With such platforms on the prowl, we must expose them as soon as we find them. Traders should also do due diligence before signing up with any trading platform. It will go a long way in ensuring their safety.
Like any store you go for in your local area, you need to weigh the pros and cons. So go and check out what makes a store worth signing up with. The store in question ought to offer the best in terms of fair trading conditions and service delivery.
Any platform that seems to sway from these options should not be on your sign-up list. Unfortunately, trade GF happens to be one of them. In this tradegf.net review, we will help you know where the traps are on the platform.
For most beginners, trading platforms are essential. However, these beginners make rookie mistakes, such as signing up without researching on the platform. Therefore, we will help expose some of the red flags found on the platform.
Here’s what we spotted on the tradinggf.net platform;
You get to choose between four trading accounts. TradeGF offers Beginner, Trader, Expert, and VIP accounts. Each of these accounts comes with a different set of features. For most traders, the minimum deposit is what draws them to an account.
Beginner
For the beginner account, there’s a minimum deposit of $250. Spreads start from 1.2 pips with a minimum lot size of 0.01. You can choose floating spreads and get daily analysis from an account manager.
Trader
There’s a minimum acceptable deposit of $1,000. Spreads start from 1 pip with no quote on proper leverage. You won’t get an account manager with the trader account. Members also get a custom trading platform on each account.
Expert
You must deposit a minimum of $5,000 to get started with the account. Spreads start from 0.8 pips, and members get fixed spreads. Mobile trading is available on all accounts, with members getting free money transfers.
VIP
For the VIP account, you have to contact the platform for information on account types. The platform lists $50,000 as the acceptable minimum deposit. The platform is also targeting institutional investors with the VIP tier.
Leverage is not available on any of the listed accounts. The platform also claims to guarantee profits on each account. Depending on the vesting period, the platform ensures a profit for each member.
And that’s where we draw the line, as investors should not sign up due to such claims. Ask any expert, and there’s no way of guaranteeing profit. Due to market volatility, prices will likely drop or rise without warning.
There’s also the issue of not having a demo account for members to test set conditions. A reliable broker will often offer a demo account. With the demo account, you also get to try the features available with the trading platform.
These are mere call agents hired to act the part. The managers will often call members claiming a lucrative open position. Once you mistake hearing them out, you end up depositing more funds.
Weeks after investing, the platform will switch the account manager. You won’t get to contact the previous manager. The current manager will claim not to see any transactions between you and the previous manager.
That’s how you lose another chunk of funds with the platform.
The available trading platform is unstable. It’s slow at executing trades which is a bummer. Those who sign up with the platform will likely lose it all. That’s why we insist on using formidable platforms such as MT4 and MT5.
With an unregulated platform, the name of the owner will occasionally miss. And that’s the case here, making TradeGF an anonymous trading platform. Unfortunately, there’s a high risk that anonymous platforms are crypto exit scams.
The platform claims to offer several promotional services, including affiliates. Don’t sign up, as the platform only looks to take advantage of your connections. You won’t get a dime with the platform.
There are no educational materials on the platform. Instead, the material you find are scripts found on various online platforms. These materials are free, and anyone can download them from the web.
TradeGF is not a licensed or regulated trading platform. As a result, no regulator has given it the thumbs up to operate. That means the platform works without a specific legal framework, thereby risking your investment.
Make sure to check with authorities and confirm whether a platform is compliant. Formidable regulatory bodies include ASIC, BaFIN, CFTC, CNMV, CONSOB, and CySEC. Others include the FCA, FINMA, NFA, and SEC.
There’s not even a live chat option for traders on tradegf.net. And that means having to send emails and wait for a response. The platform may decide to ignore your emails, especially those with withdrawal subjects.
Your funds are far from safe with a platform that fails to offer insurance cover for deposits made. The platform doesn’t segregate accounts as the law dictates. You are dealing with an exit scam whose website is up for sale.
Please stay away from TradeGF.
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