GUILTY Case# 2018-041 | lyf8361 vs tradegbp.com
- Thread starter lyf8361
- Start date
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- Tags
- guilty votes tradegbp
Pharaoh
Brigadier General
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- 20,306
Wow, these people have even more ways to rip off clients. Check this out:
tradegbp.com/en/Loans
They offer to loan you money for trading - at 26% interest, and you pay all the interest up front. This means no savings if you decide to pay off the loan early.
Consider 2 things:
1. No legitimate bank would loan money for trading. Don't believe me? Walk into your local bank and try to get an unsecured loan to use at a regulated stock broker. Make sure to get a video of how hard your banker laughs at you.
2. What kind of loan wants 26% interest, much less 26% up front? Add in the way they have it rigged to kill any chance of saving some interest by paying down the principle early, and it's an offer which many loan sharks would find too embarrassing to make.
They also claim a UK address, but don't bother to mention any FCA registration. Looks like a typical fly by night scam site. Once the word gets out how they treat clients, they'll probably disappear and reopen under a new name.
tradegbp.com/en/Loans
They offer to loan you money for trading - at 26% interest, and you pay all the interest up front. This means no savings if you decide to pay off the loan early.
Consider 2 things:
1. No legitimate bank would loan money for trading. Don't believe me? Walk into your local bank and try to get an unsecured loan to use at a regulated stock broker. Make sure to get a video of how hard your banker laughs at you.
2. What kind of loan wants 26% interest, much less 26% up front? Add in the way they have it rigged to kill any chance of saving some interest by paying down the principle early, and it's an offer which many loan sharks would find too embarrassing to make.
They also claim a UK address, but don't bother to mention any FCA registration. Looks like a typical fly by night scam site. Once the word gets out how they treat clients, they'll probably disappear and reopen under a new name.
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