The trading market is oversaturated with offers, but despite this, new brokers appear like mushrooms after rain. Most of them are one-day offices, created solely for the purpose of diluting clients into deposits and disappearing. But there are also respectable organizations that offer effective tools for trading on the stock exchange. Today we will figure out which camp SAFETRADE365 belongs to.
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How do they position themselves in SAFETRADE365?
The site safetrade365.com at first glance has a lot of comprehensive information. There are sections with descriptions of accounts, trading platform and even reviews of traders.
But in fact, behind all this there is only a desire to lure customers, so most of the content is loud promises, marketing calls and advertising tinsel. It's hard to find anything specific. For example, this is how the “About us” section looks like.
More than 50 awards (however, it is not indicated by whom and when they were issued), millions of transactions, 5-star service, and all this for a resource that has existed for no more than a year, and was updated a couple of months ago.
And what is most interesting, such a successful and popular broker does not even have an address. Only the feedback form and the phone number of the Moscow operator.
Yes, and multilingual support also turned out to be fake, the site is available only in Russian and English, all the rest are just a dummy, there is no translation into Spanish, German and other declared languages.
The safetrade365.com documents also do not indicate the country of registration or legal address (one of the main details). There is no mention of the date of creation, but they were not too lazy to rivet a block with reviews of supposedly successful traders.
The “customer” photos are stock photos, they are used by a bunch of sites and have nothing to do with SAFETRADE365.
The legal documents are very vague. Again, there is not even a hint of where our broker is from, regulatory organizations are not indicated, only the rights and obligations of the parties are described. It seems that SAFETRADE365 carefully hides the origin. Let's look at what this means for the client below.
Documents regulating activities
Any organization must be registered in accordance with the procedure established in the country of registration. In the case of SAFETRADE365, we see that this information is either hidden or the company simply does not exist. Whether in this case it is worth bringing your money here is a rhetorical question.
There are a number of additional requirements for brokerage organizations. So, in order to provide services in Russia, it is necessary to go through the procedure for obtaining a license from the Central Bank of the Russian Federation. We checked and were not surprised that such a broker was not in the register of licensed companies.
As you can see, SAFETRADE365 does not have a single document authorizing the provision of brokerage services, as well as not a single document, in principle, confirming the existence of this office.
SAFETRADE365 trading offers and account overview
A trader can choose currencies, stocks, indices or other options as a trading asset.
All trading operations are carried out on the MT4 terminal, available both in the mobile and desktop versions. This is a popular platform, known all over the world, which has a user-friendly and intuitive interface. When used fairly, this is a great tool. But in SAFETRADE365, apparently, they adjust quotes in the direction they need, which is even reflected in the “Terms and Conditions”.
So, draining the deposit is just a matter of time. Moreover, the leverage only contributes to this, its size from 1:100 to 1:500 carries huge risks. SAFETRADE365 offers just that much leverage in any of the account types.
Also here you can open a demo account and try yourself in trading, having received 50,000 virtual dollars for trading.
To increase coverage and quickly attract the maximum number of customers, SAFETRADE365 has developed an affiliate program. Anyone can help the office to cheat as many users as possible by attracting new investors through their channels.
Trader reviews about SAFETRADE365
While the advertising campaign is gaining momentum in Russia, there were no real reviews of traders in Runet. But foreign users have already managed to share their impressions of cooperation.
Translation: Investing in safetrade is very risky given the fact that they are not licensed, I have personally met with them and nearly lost a lot of money in the process. Recovery and consulting company lucre recoup helped me get my money and get to it on lucrerecoup.com. I consult with their experts and it was helpful.
Translation: I agree with the above review and conclusions. On top of that, I would like to point out that the domain registration is very recent (look at the creation date) and hidden by a legal entity in Panama.
As you can see, English-speaking users have already fallen into the trap of scammers. As soon as we find reviews of Russian traders, we will post them in this section.
Divorce methods used in SAFETRADE365
For a company that came into being out of thin air and is not regulated by any authority, there are many opportunities for deception. Judging by the reviews, this office clearly uses several:
- manual price management in a direction unfavorable for the trader;
- the use of large leverage to quickly drain the deposit;
- account blocking at any time without explanation.
It is obvious that sharaga will soon join the lists of black brokers. But before that time, the scammers will have time to harvest their crops, deceiving the gullible and naive "Pinocchio".
Any financial transactions with SAFETRADE365 carry a huge risk. This is a sharaga without registration, licenses and accreditations, which exists only virtually. False reviews on the site, careful concealment of any information about the origin, the lack of a clear history only confirms that we have another one-day office created by scammers.