If you want to master the art of saying a lot without saying anything, a TradeBaionics broker can give you some input. While there’s a whole website with seven different menus and numerous tabs, we know nothing.
Since the lack of information is obviously an issue, it was challenging for us to collect all the details and submit them to this in-depth TradeBaionics review.
|Broker Status:||Unregulated Scam Broker|
|Broker License:||Unlicensed Crypto and Forex Provider / No Regulation|
|Scammers Websites:||TradeBaionics.com and www.TradeBaionics.net|
|Operating Status:||Active Forex Trading Scam / CFD Scam|
|Blacklisted as a Scam by:||CONSOB Italy|
|Online Trading Platforms:||WebTrader|
|Mobile Trading:||Available via Web Browser / No Mobile App|
|Crypto Asset Trading:||Yes, you can trade crypto|
|CFD Trading Option:||Yes, you can trade CFDs|
|Available Trading Instruments:||Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)|
|Free Demo Account:||Yes|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Team:||Don’t Invest in This Scam Broker!|
Is TradeBaionics a Regulated Forex Provider?
TradeBaionics Forex brand is completely anonymous. The entire website, including the Terms and Conditions, says nothing about the company owner or the headquarters.
While there is a TradeBaionics regulation section, it says nothing, like the rest of the web page.
What’s Wrong With FX Trading License?
Since we lack basic details, we’ve checked several Tier 1 registers, including FCA, ASIC, and BaFin. It looks like the broker TradeBaionics is not licensed and provides financial services illegally.
Watch TradeBaionics Video Review Before Investing
False Regulatory Claims – Fake FX License
While the company has never specified which regulation it has, it made up an entire story about keeping your funds in regulated banks and providing regulated trading services.
It’s another hint you’re dealing with a fraudster.
Scam Warnings Against TradeBaionics.com
After the Italian citizens filed numerous TradeBaionics complaints, their regulator issued an official warning.
Official Warning Issued by CONSOB – Evidence of Fraud
Regulator CONSOB has added tradebaionics.com to its list of fraudulent domains and warned citizens not to do business with this particular investment firm.
Where Is TradeBaionics Trading Scam Active?
TradeBaionics trading scam started in September 2021, and the firm mainly targets citizens of:
How Does This Scam Broker Contact Victims?
Among other things, scheme firms use fake promotions they’re sending via email, WhatsApp, and Telegram. Besides, you may receive numerous unsolicited phone calls where the broker’s employees will offer you anything just to make you invest.
If you have never signed up for online trading, you can still be approached via social media – Instagram and Facebook. You can receive messages from people you have never met, swearing that you can make thousands of dollars if you follow their mentors.
Usually, these offers include pictures of alleged profits they made by following the same person or the brokerage.
We want to point out that legitimate firms and brokers have to follow the rules, have a limit on the number of calls and messages before it turns into disturbing, and will never use fake promises to lure you to invest.
TradeBaionics Support Team – Scam Starts Here
TradeBaionics has a support team trained to extort money. Once they get ahold of you, they’ll do anything in their power to persuade you to invest right here and right now.
Then, you’ll be transferred to an account manager whose job is to make fake financial plans and approach for more money at least once a week.
Mainly, these people will require you to download AnyDesk, TeamViewer, or a similar remote desktop app, allegedly to show you the platform and the market. However, their utmost goal is accessing your online banking and stealing everything you have.
Think twice before you hand control to someone you’ve never met.
Negative TradeBaionics Traders Reviews – Only the Truth
TradeBaionics reviews follow the broker’s reputation. The company is rated poor on Trustpilot, and here’s why:
“Well done trade scambaionics. For the hard work you have put in posting fake reviews. Go to the top of the scamming class. BTW do not give these thieves any money. You won’t get it back.”Defrauded trader, Australia
Another Negative TradeBaionics Review From UK
“Awful service, they steal your money, incredibly rude, please PLEASE do not use this company. Im not a review writer but if my experience can help someone else, then please never, EVER use this company.
They are ot regulated by FCA and they will turn on you and accuse you of being at fault, whilst stating that they cannot help you.
Jason and Antonio are malicious and horrid individuals and unfortunately for them, what goes around come right back around.”Broker victim, UK
What Trading Platforms Are Available? – Trading Software
When it comes to the TradeBaionics trading platform, we are a bit confused. The firm has sections – MT4, MT5, and WebTrader.
However, MT4 and MT5 cannot be accessed, and even when you open an account with the firm, you’ll be given only a basic WebTrader. Indicating that MetaTrader is just a nice advertisement to lure you into investing, just like the regulation story.
This broker’s WebTrader is not the worst we’ve seen but can never be compared to MetaTrader since it lacks advanced trading tools. You can overview assets, place trades, and check trading history.
What About the TradeBaionics Mobile Trading App?
TradeBaionics login is enabled through a dedicated mobile app for Android and iOS. Yet, it’s not a MetaTrader app, but a basic WebTrader turned into a mobile version.
TradeBaionics Copy Trading
The WebTrader this firm provides doesn’t support Copy Trading. If you’re looking for any advanced tools, better find a legitimate firm offering reputable software.
TradeBaionics Trading Assets and Markets
The company offers access to the following markets:
- Currency Pairs (Forex) – EUR/USD, USD/JPY
- Commodities – Gold, Oil and Natural Gas
- Indices – NASDAQ, FTSE100
- Shares – Amazon, Apple, Google
- Cryptocurrencies – BTC, ETH, XRP
TradeBaionics Fees and Spreads
Again, the company stayed unspoken. The website says of fees:
There are commissions when you trade. The amount of commission is either a percentage of your trade size or a fixed percentage. Again, we try to keep it as low as possible for your benefit.
Therefore, we know nothing besides that they try to keep it low.
Trading Accounts Review – What’s the Difference?
There’s a section on TradeBaionics account types that shows no account types. You’re told that the firm has a designated account for everyone, and you can choose the one when you’re registering, but it’s not possible.
Also, the TradeBaionics minimum deposit is quite confusing.
The Deposits and Withdrawals section implies that you can start with $250; the Account Types section indicates that the minimum is $500, while you’re prompted to invest $10,000 when opening an account.
Can I Trade With TradeBaionics For Free?
TradeBaionics Demo account is available. Yet, it means nothing since the firm is illicit, and your problems will start when you deposit the real money.
TradeBaionics Withdrawal Methods – Can You Withdraw Money?
According to its website, the firm accepts the following payment methods:
- Debit / Credit Cards
- Wire Transfer
The minimum withdrawal amount is $100, and the company has never specified the time frame when you can expect the money back.
Knowing that this brokerage will do anything to prevent you from getting your money back, including adding malicious TradeBaionics bonus requirements, we won’t keep our hopes high that you will ever see a penny back.
What Can TradeBaionics.com Scam Victims Do?
If you find yourself a victim of a TradeBaionics scam, it’s important to know that you’re not alone. Global Fraud Protection is here to assist and help. We will be pleased to hear your story and help you find the best refund solution.
Note that monetary transactions are time-sensitive and you should contact us right away.
The sooner we start, the higher chances of resolving the issue successfully and getting your money back.
All In All, Don’t Let the Scammers Get Away for Free!
What Is TradeBaionics, and Should I Invest Money In It?
TradeBaionics is an anonymous online trading firm. Since the broker is unregulated, you may experience withdrawal issues. In this case, contact us for help with the refund process.
What Is the TradeBaionics.com Minimum Deposit?
The broker’s minimum deposit is unknown, with the website information ranging from $250 to $10,000.
Can I Trade Cryptos and CFDs with a TradeBaionics Broker?
Yes, you can trade both crypto and CFDs with a TradeBaionics broker.
Does TradeBaionics Provide a Good Trading Platform?
While promising MT4 and MT5, TradeBaionics offers nothing but a proprietary WebTrader.
Does TradeBaionics.com Offer a Demo Account?
Yes, TradeBaionics has a free Demo account to test the platform.