Reliable Trade Review: Reliable-trader.com an Obvious Scam

Reliable trade is a forex and cryptocurrency broker with only a year in the market. Nonetheless, the company claims to be the best platform for trading forex and cryptocurrencies. Sadly, every company claims that. This is despite most of the companies in the forex space being fraudulent.

The company wants you to believe that they are one of the leading platforms in the United States. However, the lack of site metrics on Alexa.com suggests otherwise. This is a company you want to be investing in. They are lying just to attract customers.

Even worse, our research revealed that this company cannot offer you a safe trading environment. We found a lot of lies and missing information. Under such conditions, it is impossible to make any returns. You are more likely to lose your hard-earned cash to these individuals.

Fortunately, there are loads of legitimate forex brokers in the market. Only such companies can help you protect and grow your investments. They have been in the market long enough and operate with full transparency. Even better, these legitimate companies will not compromise your peace of mind.

Reliable Trade Review

Reliable-trade.com gives a lot of reasons why you should choose to trade with them. Among the reasons, they claim to provide a wide range of markets. You can trade forex, binary options, CFDs on shares, and a lot more.

This is very appealing to traders. It means that traders can spread the risk of investment across different assets. However, this does not mean a lot if the company cannot provide a safe trading environment. This is just a marketing ploy to attract eager investors.

The only good thing about this company is that they offer an MT4 trading platform. This is one of the most popular platforms among traders. It allows for one-click transactions and instant execution.

Further, the company offers training on trading and strategies to use. This can be very helpful for novice traders. Even so, the information that this company offers is not unique in any way. You can find most of the information freely via a Google search.

Moreover, this company does not introduce us to their experts. We do not know the kind of trading experience that these people have. You should never take trading advice from mysterious people on the Internet. Only trade using strategies from professional traders with verifiable track records.

Customer Support

Customer support is an essential service in companies offering financial services. Investors are always looking to have their questions answered. No one wants to have a problem with the investment firm they are using.

Fortunately, this company offers customer support. There are several channels you can use to contact the team. First, you can call them via +1 (838) 201-3025. This is the most reliable channel for customer support.

Secondly, you can chat with the team via the live chat option on reliable-trade.com. Additionally, you can reach the company via their email support@reliable-trade.com. If you are not in a hurry, you can leave the company a message by filling out a contact form on the contact us page.

Reliable Trade Account Types

There are four main account types on the Reliable Trader platform. These include the Classic, Standard, Premium, and VIP accounts. These accounts vary depending on the amount of money invested.

The Classic account requires a minimum deposit of $1,000. It offers clients spreads of up to 1.9 pips. Additionally, it offers negative balance protection. However, there is no scalping, daily signals, or financial plan.

The Standard account is the next one. It requires a minimum deposit of $2,500. This offers spreads of up to 1.5 pips. Additionally, it offers negative balance protection. Further, it allows for scalping.

The Premium account accepts a minimum deposit of $5,000. This comes with spreads of up to 1.2 pips. Additionally, clients get negative balance protection and scalping. Further, they receive daily signals.

The VIP account is the biggest account. It requires a minimum deposit of $10,000. It has low spreads of up to 0.6 pips. On top of other services, this one comes with a financial plan.

The company does not tell clients the payment options they support. This is information that clients should get upfront. No company should leave this to the clients to figure out. Moreover, the sign-up process requires you to enter your personal information. This is even before you know the payment options.

Founders and Physical Location

It is very crucial to know the people behind a company you are investing in. Their background and experience will tell you what to expect from the company. In general, you should never invest with people with shady backgrounds.

It is even worse to invest in mysterious people on the Internet. Unfortunately, this company wants you to do exactly that. Reliable-traders.com does not introduce us to any of the team members. We have no idea who the founders are. Additionally, we do not know the experts that provide trade signals and training.

There are many risks involved in investing in mysterious people on the Internet. They can disappear with your money without a trace.

The base of operations for this company is also confusing. The company claims to operate from the United States. They give their physical address as East 14th Street, New York, NY 10003, United States. However, Whois records reveal the registrant’s location as Panama. This is very confusing, and the company may be hiding a lot from you.

Domain information

The official domain name of the platform is reliable-trade.com. The website was registered on 2020-02-27 and will expire on 2021-02-27.

Reliable Trade Regulation and Fund Safety

The regulatory status for this company put the nail on the coffin. There is nothing to get excited about here. This company has no proper regulation to offer financial services. They claim to have regulation from CFTC, IFSC, CySec, and the FCA.

However, we searched for this company’s name on the different regulatory websites. The searches yielded no results. Clearly, the company is lying about its regulation to attract and dupe serious investors.

You should not invest in a company that lies about its regulation. Regulatory bodies keep companies in check to ensure they do not scam people. Part of the requirements is to use a reputable bank with high liquidity. Additionally, a company should have segregated accounts to protect clients’ funds.

Without regulation, a company does not have to meet these requirements. This means that they cannot assure you of your funds’ safety. Moreover, this company does not provide evidence of systems’ protection. They do not even present an SSL certificate for their platform.

This means that hackers can access the platform and steal your funds. Additionally, they can steal your personally identifiable data. There is just too much to lose with these people.

Final Verdict

We hope by now that you see that Reliable Trader is not a legal entity. They are operating without regulation or funds’ safety. Such a company cannot be trustworthy.

The people behind this company are only after people’s money. Do not invest with them, or you will lose your hard-earned cash.

You should only invest in companies that have a proven track record. Only legitimate forex brokers can offer you the services you are looking for. They have been in the market long enough and offer funds’ safety.

 

Tags: Reliable Trade Review, Reliable-trader.com Scam Review