Trades is a forex broker. Trades offers the MetaTrader 4 and Mobile forex online trading top platforms. Trades.com offers over 45 forex pairs, gold, silver, indices, stocks, commodities and CFDs for your personal investment and trading options.
I have been meaning to write this for a while now but just could not bring myself to, but here we go.
The short version,
Trades.com is a scam, do not open an account with them, they will take your money, keep asking you to deposit more, give you bad advice, they won’t allow you to withdrew from your account and then finally lose all your money and blame you for it.
After they have lost your money, you will receive a phone call from their so called “recovery department” with promises that they can help you get your money back. They will offer you bonuses and other things, these are all lies to get you to deposit so they can steal from you all over again.
The full version
In 2018 I received a phone call from 1 of trades.com representative, they told me how they are a finical broker and they can help me build my capital. They made promises that I will be able to grow and that they will help teach me about the financial market.
I started with $500 and they gave me an account manager to help me,
his name is Grant Smith, Email email@example.com his number +3228085721.
Everything was ok for the 1st month then he started to constantly ask me to add more money, when I told him that I won’t, that’s when the troubles started, he would call and give me really bad signals with huge lots, not only that, he never taught me how to use stop loss. My account went in the red and he kept asking me to add more money so that I can save the account, the account went under.
A few months later, I received a call from their so called “recovery department”, asking what had happened and how they can help, I explained to them and they started making promises that they can help. They told me that they will change my platform from trades.com to their “higher profile platform” called Simpletrades.com and give me a new account manager.
His name was Rami Ibrahim, His Email firstname.lastname@example.org.
They transferred me to simpletrades.com and things were going fine for the 1st month then it started, the constant asking to make more deposit, opening of large trades with no stop loss.
At 1 point I made about $200 and requested for a withdrawal, no one answered me, I asked Rami why I couldn’t withdraw the money and he told me that they were having problem with the transfer process and that I should not withdrew the money now, I should wait till it grows larger. Next thing he did was give me bad advice on gold, the account went under as well.
I sent an email asking them to close my account, they have not done that, they keep calling/sending emails (email@example.com) and saying they can help me get my money back.
Please forexpeacearmy Label this site as a scam on your website.
They enter very professionally, documentation, registration and etc. But after few days of good work, they ask to add more money to make more profitable trades, and here is the start of the story, after you adding money, they recomend you trades, with very big lots without stop loss, and they almost put your account in situation that either you add more money save your money, or you may loss all your money. This company is no where registered and not regulated, and what they have in their website as registration no is only a big lay. I had 8000 usd capital and they made me to reach 22000 usd, but with thier signals which they where giveing with big lots and without money management, they put my account in situation that they asked me to support my account with adding more money, but at the end I lost my capital and all my profit. They make money with our loses. Their name is trades.com but in mt4 platform thier name is TechInvest!!!!!! You judge
One more thing the number which they are calling while it is showing is from UK or anywhere, all are not real numbers , and who claim that is calling from UK or whatever it ma not be from uk. In other word you will never find them. Ask for a video call see if they are ready to show theirself.
Few names from the company: Nikol Petrova, Noor Alkhayat, Tarek Omar are biggest thief I ever know, they officially stealing your money.
We 4 people registered in this company but all 4 we lost all our money.
Just wanted to share our bad experience, to you not be the next.
They are coming with different other brokers after you lost, like simpletrade, others which I don't remember now.