Treasure Forex (treasure180.com) claims you need to have the forex treasure to lead a financially independent life. From the complaints we have seen, the platform is a glaring mistake. The few investors who signed up with TreasureForex are now ruing the decision. All of these investors share the same story. Unfortunately, the store doesn't have any remorse as it blocks all withdrawal attempts. Learn more in our vivid TREASURE FOREX REVIEW.
Treasure180.com sells itself as a globally recognized retail and institutional broker on the homepage. The platform further claims to reside in London and posts a registration number from the NFA.
These are false registration details as the platform uses random numbers to fool investors. The platform thinks that no one would bother to confirm with the NFA for more information. Furthermore, the Financial Conduct Authority regulates all platforms in the UK.
You need to invest in proven strategies that enjoy the backing of financial experts. Go for reliable and serene platforms with a proven track record. Experts recommend using coin staking, DeFi, and Masternoding.
On the other hand, Treasure Forex is a master at conning investors. The platform looks appealing from the outside but, it's hellish from the inside. Once you fund your account with the platform, expect no withdrawals.
Navigation is not straightforward as you would expect in a trading platform. For example, all information is on one page with no information on available accounts. So we have to expose the red flags found on the platform.
Before you engage in any trading platform, we recommend doing some due diligence. First, try and find out what makes a platform tick. An excellent example would be reading our treasure180 review for facts.
Treasure Forex fails to indicate the available account types on the platform. Furthermore, we don't know the features that come with these accounts. For example, there's no telling the acceptable minimum deposit or leverage for trading assets.
We believe the platform leaves out this information for a reason. Treasure180.com wants to take advantage of members. So when you ask about the minimum deposit, you invite the platform to screw you over.
You will receive a call urging you to request a high amount. The staff member will claim that the more you deposit, the higher your chances of winning. These are false claims that we must expose.
There's also the lack of information regarding leverage and spreads. For new investors, regulators have moved in to cap certain features. An excellent example would be the acceptable minimum deposit.
Nearly all regulators have agreed to have a minimum acceptable deposit of $250. Some regulated platforms even go for as low as $10. Any platform asking for more is without a doubt taking advantage of investors.
Leverage has also been an issue, and regulators have clarified acceptable standards. For example, the adequate leverage in Europe is 1:100. In the United States, retail traders must enjoy maximum adequate leverage of 1:50.
We do have a problem with the account opening procedure. Treasure180.com is harvesting information from clients. The reason we say this is because of their verification process.
Once you open an account, the platform demands you fill in your names and contact details. It's the normal process apart from verifying your account. You would expect the platform to verify your account after opening one.
The platform will wait for you to trade and hit the withdrawal button for the first time. That's when a pop-up message appears asking you to verify your account. You will need to send crucial documents such as bank statements and credit card details.
We don't see why such a platform would ask for these documents. There are other valid ways of verifying accounts. For example, the platform could go for a two-factor authentication method. That's why we believe the platform harvests banking information for an unknown reason.
There's an affiliate and referral program available for clients. You get a promise of earning an 8 percent commission. It looks like a good way of earning passive income. After all, 8 percent seems to be a decent number.
Before directing users to the platform, you need to understand the consequences. The platform doesn't release payments. We also have an issue with the way the platform blocks withdrawals.
As an affiliate, you end up becoming the scapegoat. Victims will blame you for directing them to a non-existing forex investment platform. And that's how you lose your online credibility as an affiliate.
If these victims decide to file a lawsuit against the platform, you're in deep trouble. The law will consider you as an affiliate of online fraud. You have been directing users to invest in a platform that doesn't allow withdrawals.
Information on who owns the platform or the company behind the platform remains unknown. Treasure Forex Global LTD is the parent company claiming ownership of the platform. However, there's no record of such a company registered in the UK.
And this makes treasure180.com an anonymous forex investment platform. We don't have the names of the CEO or founders of the platform. You need to avoid anonymous investment platforms or risk losing everything.
Despite claiming to offer ample support, that's far from the truth. The platform only accepts emails as part of the communication process. We couldn't find any listed phone number members can use to contact staff directly.
And this shows that the platform wants to limit communication to a bare minimum. You need to avoid platforms that only accept email communication. Any trading platform should be open to open conversations with clients.
Your funds are far from safe with a platform that doesn't segregate accounts. We have a platform that doesn't offer any good security cover for deposits. There's no insurance cover for the deposit clients make.
A regulated platform would offer such coverage to protect investors from unforeseen circumstances. Regulated platforms must deposit a certain amount with regulators to cover insurance. The funds are to compensate members in the event of bankruptcy or insolvency.
Treasure Forex does not enjoy the backing of any regulator in Europe or any other jurisdiction. We have a store that fails to provide any support to experts. These are the reasons why your funds are at risk.
You need to avoid unregulated platforms. Instead, make sure to go for platforms regulated by reputable institutions. These institutions include ASIC, BaFIN, CFTC, CNMV, CONSOB, CySEC, and the FCA.
Others include FINMA, NFA, the SEC, and more. These regulators work to ensure that all parties adhere to strict regulatory guidelines. Without a regulatory framework, a platform can introduce harsh trading conditions.
One advantage treasure180.com has is that it offers a world-class trading platform. You get to use MT5, one of the best trading terminals. Sadly, even experts won't get the chance to withdraw after using such a platform.
There are four classes of trading instruments available on the platform. These include commodities, forex, indices, and shares. Unfortunately, as we pointed out earlier, the platform fails to mention the acceptable trading conditions.
Please stay away from unregulated forex investment platforms such as treasure180.com.
Go for dependable investing methods such as coin staking, DeFi, and Masternoding.
If you have any queries, feel free to leave a message or email us.
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They said you have to pay 15% personal income tax to withdraw your money. I’m on the fence now on whether to try. Anybody have successfully withdrawn? Thanks
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