TradeLTD Review (2023)
Is TradeLTD a scam or legit broker?
Despite its Estonian location and registration, the broker is not authorized to provide financial services by the local Financial Supervision and Resolution Authority in Estonia or any other country.
TradeLTD is a Forex, Commodities, Indices, Stocks, and Cryptocurrency broker. The company is owned and operated by Currency Board OÜ with a registered address in Tallinn, Estonia.
About TradeLTD
| 🗺️ Registered in | Estonia |
| 🗺️ Type of License | No License |
| 🛡️ Is TradeLTD safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Moreover, the Estonian Financial Supervisory Authority has issued a warning against TradeLTD:
“Finantsinspektsioon (the Estonian Financial Supervisory Authority) would like to inform clients and investors that Bushido Technologies OÜ (registry code 14377139) does not hold an activity licence for the provision of investment services in Estonia and therefore Bushido Technologies OÜ is not authorised to provide investment services in Estonia. The company offers the possibility to trade different derivatives through web page www.tradeltd.com.”
The broker has also been blacklisted by New Zealand’s FMA:
“The FMA recommends exercising caution before dealing with TradeLTD and the website www.tradeltd.com as TradeLTD is not listed on the FSPR and Is not an incorporated company in New Zealand. Individuals from TradeLTD have been contacting New Zealand residents with investment offers and withholding client funds. This has the hallmarks of a scam.”
Conclusion
To sum up, TradeLTD is an unregulated forex broker and it is the biggest concern as the lack of license adds additional risk to forex trading. On the other hand, those brokers regulated by reputable authorities have to follow a lot of rules that are made to protect clients. For example, there is a minimum capital requirement they need to meet and also, they need to keep the accounts segregated.
Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM, eToro (Read about eToro forex broker) and Alpari.
You can also share your trading experience with TradeLTD by commenting on this review.
Reviews
Comment Area hello I am trading with trade Ltd do you recommend o is a scam
yes, I can recommend it. I invested $200 and now gain $721. It worth to try for new traders.
Micheal try withdrawing your funds or closing your account they will will tell you the market went against you I had around $60000.00us they took the lot do not put any more in They are CHEATS & LIARS & and Thieves.
SCAM Do not believe one thing these Low life arsholes say But I guess you already know you put this post up July i you have if you have put any funds in They Are LIARS & CHEATS & THIEVES
I registered on this broker after watching their trading videos on youtube. For now I’m trading with crypto. So far so good. I will update the trading situation here.
They are SCAMMERS of the worst kind they should be closed down and Jailed they have wrecked many lives with there lying Cheating ways SCUM
They got my money. When I tried to withdraw there were troubles until one day when I couldn’t put more. Obey the colonavirus showed up and they claim I lost everything. I’m trying to recover my money but don’t k ow what to do
This is one of the brokers I’m testing right now. Compared to others it’s normal. My account manager answers to all questions and recommends the books/courses to check. Now I earned $100 on eur/usd pair. I’m going to test oil trading on this platform in Sep.
Do not use these Scammers they lie cheats and thieves Believe me.
Hi I just trading on this TradeLtd and I want to know is this a Scammed?
YES Scammers do not give them any money Cheats Liars and Thieves