Claiming that being involved with them is a pure profit, the TradeFM broker intrigued us enough to research. Of course, we’ve checked details such as owner and headquarters but went a step beyond.
Not only that, we want you to understand everything about the company, but also to learn why investing funds here is not a good choice. So read our TradeFM review and learn it all!
|Broker Status:||Unregulated Scam Broker|
|Regulated by:||Unlicensed Company / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||Evergo Ltd|
|Headquarters Country:||Marshall Islands|
|Online Trading Platforms:||WebTrader|
|Crypto Asset Trading:||Available|
|CFD Trading Option:||Yes, you can trade CFDs|
|Available Trading Instruments:||Currency Pais (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)|
|Free Demo Account:||No, only live trading account|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Don’t Invest in This Scam Broker!|
TradeFM Regulation – Is The Broker Legit?
TradeFM forex brand belongs to Evergo Ltd from the Marshall Islands. While we’re meeting this brand for the first time, its owner is quite familiar within trading circles. It runs two other scam brands – 4xTrade and TradesRun.
Both of these have several warnings by the authorities in Italy, Slovenia, Spain, and Greece.
What’s Wrong With License?
Since the company is offshore and already accused of scams, we didn’t expect to find TradeFM regulation. However, just in case, we’ve checked a couple of Tier 1 registers, such as ASIC, FCA, and BaFin. And as you can guess, we found nothing.
Beware of the TradeFM trading scam and avoid this illicit brokerage.
What Trading Platforms Are Available? – Trading Software
When it comes to the TradeFM trading platform, the broker stated to offer MT4, while in reality, we had a chance to see only a Web trader.
Like many other Web traders we’ve seen, this one is not highly secure nor trustworthy. It has several charts and indicators and allows you to open trades quickly. However, remember that MT4 and MT5 provide a higher level of safety as the broker cannot access your funds.
Mobile Trader – Mobile Trading App
Besides having a classic Web trader, the company offers an app for both Android and iOS devices. Clients can use this app for TradeFM login to check their trades, open new ones, and all that using the same charts and analytics tools given to desktop users.
Trade FM Trading Instruments – What Can I Trade?
Trade FM offers its clients a pretty standard range of trading instruments, including:
- Currency pairs (Forex)
However, we have the same confusion as for the trading platform when it comes to trading conditions. In one place, the broker claims to provide leverage of up to 1:150, while in the Account Types, you can see that it goes up to 1:400. Whatever the case is, it’s unregulated and risky.
On the other hand, the spread allegedly starts with 0.0 pips, but we cannot be sure without a Demo account.
TradeFM Trading Accounts – Demo & Real Accounts
Clients have at their disposal 6 different Trade FM account types, including:
- Basic – $1,000
- Bronze – $5,000
- Silver – $15,000
- Gold – $25,000
- Platinum – $50,000
- VIP – $100,000
Besides the initial deposit, accounts differ in leverage, educational materials, spreads, premium events, and only some of them, starting with the Gold account, are swap-free. As you can tell, Trade FM’s minimum deposit is $1,000, which is higher than many regulated companies require.
It gives you one more reason why not to invest your funds with this particular broker.
Free Demo Account
If you are looking to explore your options before giving money away, a Trade FM Demo account is not something you will get. Unfortunately, you will have to deposit the money and then wish yourself good luck withdrawing it.
TradeFM Deposit Methods – How To Deposit?
Speaking of deposits, Trade FM offers quite limited options. You can use:
- Debit / Credit Card
- Wire Transfer
Since credit cards are more accessible to chargeback, and you have a chance to get your funds back up to 540 days after a fraudulent transaction occurred, we would advise you to use this method. Besides, credit cards are usually used for lower amounts.
The deposit is instant, meaning you will be able to see immediately if the broker is planning to steal your funds or actually help you invest.
Scammed By TradeFM Broker? – Talk To Our Recovery Experts
If you fall victim to a TradeFM scam, let us know. Global Fraud Protection recovery specialists will gladly listen to your story and help you find a suitable refund solution. Instead of letting scammers go with your hard-earned money, it’s time to take steps and protect yourself.
Contact us via online chat to book a free consultation and let’s see what we can do.
All In All, Don’t Let the Scammers Get Away for Free!
What Is TradeFM, And Should I Invest Money In It?
Basically, TradeFM is an online trading Forex and CFD provider without a license.
What Is The TradeFM Minimum Deposit?
The minimum deposit with a TradeFM broker is $1,000.
Can I Trade Cryptocurrencies And CFDs With TradeFM Broker?
Yes, you can trade both crypto and CFDs with a TradeFM broker.
Does TradeFM Have a Mobile Trading App?
Broker does have a mobile app for Android and iOS devices.