Fxtradeservice Review: Beware of this Platform

Fxtradeservice Review
  • Contact and support
  • Deposit safety
  • License and Regulation
  • Trading Platform
  • User Experience
  • Withdrawal Availability
0.9

Summary

Fxtradeservice is fooling investors into depositing and later blocking withdrawals. Here’s the full fxtradeservice.com review.

Fxtradeservice claims to offer free risk trading and also boasts of having multi-regulated status. However, we found that the platform is a complete hoax after digging deeper. No regulator gave the platform the green light to operate. As a result, we have a platform with no way of providing a safety net for investors. Those who have invested with the platform are facing a hard time. Here’s what we found out in our clear FXTRADESERVICE REVIEW.

About Fxtradeservice

On the about us page, Fxtradeservice claims to be a pioneer in online trading. Unfortunately, there’s no talk about it, as the platform seems to lose steam as days go by. No expert or regular trader has heard of the platform in Europe or the United States.

Fxtradeservice Pros and cons

FX Trade Service claims to commit to creating a dynamic and innovative trading experience. Its core value includes a client-oriented approach and putting the client first. The platform also claims to have an efficient team running it.

We have a platform that offers a resilient infrastructure coupled with high leverage and low spreads. However, after dissecting the platform, we can safely say that this is a load of crap. There’s no fair trading taking place on the platform.

Note: Before you take a swing at forex trading, you have to get the right tools for the job. That means having the best forex trading robots the industry has to offer. These robots are affordable and provide genuine investment options.

For the past few weeks, members failed to withdraw funds from the platform. As a result, no one gets to go home with their winnings. When asked about the problem, the platform offers no answer.

That’s why regulators plan to issue a warning regarding trading with the platform. Those who dare sign up end up losing their entire investment. In addition, Fxtradeservice is a platform not worth trading on as it’s a scam.

Experts recommend doing due diligence before signing up with such platforms. You need to know what you’re getting yourself into before committing funds. Also, try and find out the experiences of other users before signing up.

Accounts and trading tiers Fxtradeservice

Fxtradeservice fails to mention the available classes of accounts available on the platform. We can deduce that the platform offers two distinctive accounts for binary and forex trading. Each of these accounts provides a different array of features.

Here’s a closer look at these two accounts;

Binary options accounts

👉 ***Do you want to earn a side income with a stable crypto investment platform that generates sustainable monthly yields? Get this: You can now make a steady profit margins thanks to a new innovative way of investing in crypto. YieldNodes is the answer you need to start making a decent profit with cryptocurrency investment whether you are a beginner or professional in the crypto space. A multi-tiered node rental program is what Yield nodes is bringing to the table. Master-noding is the avant-garde of generating high ROI thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you. What is master-noding? It is not TRADING. It’s a new way of generating revenue by providing technology that relies on a proof of stake approach. Yieldnodes operates these crypto master-nodes and optimizes complex strategies to ensure members earn a profit. Yield Nodes will prioritize your security by providing accurate investment options. Members get protection from external losses or unforeseen changes in market conditions. This is not in any way a get rich quick scheme; once you deposit funds; you have to wait for the yields to mature. Yieldnodes is providing a proven, innovative, and secure way of making high returns on your investment with crypto master-noding.  With just a minimum deposit of €500, you are good to go! With a minimum contract duration of six months, it gives users a chance to fully experience master-noding. By joining Yieldnodes, you stand a chance of making 5 to 15% every month.  If you are still wondering whether this is a safe option, you can cancel the contract at any given time. Don't just take our word for it, they are also rated 4.8 out of 5 on TrustPilot by users just like you, so feel free to check them out later. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.

Click Here To Sign up with Yieldnodes Today

PS: YieldNodes is 100% Verified by Scamwarning.org.

The account promises users a wide range of trading tools and an award-winning trading platform. In addition, you get a promise of getting automated and fast trading solutions. The account also promises members over 100 indicators.

Forex trading accounts

The platform also offers the trade on the go service for the forex trader. Members get a promise of enjoying tax-free spreads and a highly regarded trader execution. There’s also a promise of a low minimum deposit.

Accounts Fxtradeservice

Account features

The platform offers one account for each trading asset. The problem with these accounts is that there are no apparent features. For instance, there’s no quote on acceptable leverage and spreads available.

Regulators have stated acceptable leverage if you’re new to trading. For example, the maximum leverage in Europe is 1:100. Retail traders in the United States enjoy maximum leverage of 1:50.

There’s no quote on spreads available on these accounts. The advanced risk management tools don’t help much in the long run. The accuracy of the trading bots is in question after a series of failed trades.

Members don’t get a demo account that would help them test the platform. A demo account gives members insight into what to expect with the features. Unfortunately, that’s not possible as the platform fails to offer a demo account.

Assets and trading instruments

There are only two classes of trading instruments available on the platform. These include binary and forex trading. Unfortunately, binary trading is only available in selected countries for most parts. As a result, the asset is not as popular as it used to be.

You get to trade major and minor currency pairs. These include major pairs such as EUR, GBP. JPY, and USD. Sadly, there’s no quota on the leverage or spreads of these assets. So traders are going in blind.

Despite claiming over 30 assets, most are only found via mobile trading. These include commodities, crypto, indices, and stocks. There’s no mention of the features that come with these assets.

Awards and accolades

We see a platform claiming to have won several accolades. These include Best CFD Broker TradeON Summit 2021 and Best Broker Asia I F X EXPO 2021. Unfortunately, all these are false awards as the platform downloads award logos.

The platform was not even a nominee for these listed awards. That shows the extent to which the platform will go to try and fool investors. These awards are just used to sell the platform as a credible investment option.

Business proprietor

There’s no information on who owns or runs Fx Trade Service. And that makes Fxtradeservice an anonymous investment platform. So naturally, you don’t want to fund an account with an unknown entity.

Recovering funds from an anonymous entity should be the last thing on your mind. Unfortunately, those who claim to hire recovery agents lose more funds. These agents don’t have the mandate to freeze bank accounts.

Despite claiming to have offices in Canada and the States, these are false addresses. The platform only uses these locations to try and appeal to investors in the region. It also wants to appear as if the platform is compliant with strict regulations.

Are funds safe with FX Trade Service? NO

Client testimony

To sell the platform as rewarding, there’s a client testimony section. In this section, the platform reviews what seems to be successful traders. Mind you, and there’s no positive review anywhere on the web regarding the platform.

No independent website hails the platform as a success. And this goes to show that the platform doesn’t have any footing in the industry. The platform doesn’t even have social media accounts. That’s a bummer and shows a lack of professionalism.

Compliance, License, and registration Fxtradeservice

Fxtradeservice does not hold any license document to prove compliance. No regulator gave the platform the green light to operate. We have a platform failing to follow a set legal framework.

Without proper rules, the platform is free to instill harsh trading conditions. That means the platform might set high leverage and abnormal trading conditions. It’s what’s happening on the platform.

You need to check with regulators to confirm whether a platform is compliant. These credible regulators include ASIC, BaFIN, CFTC, CNMV, CONSOB, CySEC, and the FCA. Others include FINMA, NFA, and the SEC.

Contact and support

Don’t expect any contact or support from the platform. It doesn’t have direct communication lines with staff members. There’s no listed phone number a member can use to call staff members directly.

We see a platform desperately trying to control the communication lines. You need to test the availability of staff members before joining. The problem with FX Trade Service is that the platform blocks communication as soon as you deposit.

Deposit and fund safety Fxtradeservice

Is fxtradeservice.com licensed or regulated? NO

Your funds are far from safe, with a platform failing to offer a meaningful trading experience. For example, there’s no security of funds as the platform fails to segregate accounts. In addition, members don’t enjoy negative balance protection.

Final judgment fxtradeservice.com

Please stay away from fxtradeservice.com

PS: Use reliable forex trading robots that help transform your trading.

Feel free to leave a comment or email us with any queries.

Leave a Reply

Your email address will not be published.