Tradegf Review – Is This Broker Scam or Legit?
- by Dante Reese
Tradegf review
One of those brokers that talks big claims but doesn’t really fulfill them is Tradegf. Basically, it’s the same dodgy tale that has been repeated before, but with a new name. Read this Tradegf review to see the red flags of this scam broker.
According to the website, there are a variety of trading assets available, including shares, precious metals, indices, ETFs, securities, and cryptocurrency. The cost of trading EUR/USD is 3.2 pip, which is genuinely unprofitable for traders. In actuality, the brokerage is the only one that stands to gain from this, and it will. Leverage is limited at 1:200. These unauthorized offshore trading areas are typical for offshore brokers.
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Regulation and Funds Security
We begin with a standard registration form that is used by dozens, if not hundreds, of shady brokers who have been exposed in the past.
Many people assume that the broker is licensed and established in Vanuatu because of the substantial regulation and licensing information it provides. However, the VFSC had nothing about Tradegf on its file, so we are certain that the firm is misrepresenting its license.
The incorporation is merely for the show because a broker must be subject to local regulation in order to be incorporated legally. Therefore, we deny the Vanuatu allegation.
If a broker wishes to legally conduct operations in a country, it must first comply with the local FCA. Given that Tradegf.net does not act in this manner, we can infer that it is not based in nor subject to regulation in the United Kingdom. There is no additional registration or regulatory information. Tradegf.net is totally unregulated and risky for everyone.
Always try to trade with licensed brokers rather than unlicensed ones. Even while it may not be simple to tell them apart, there is a method that can make the procedure considerably simpler. Verifying the firm’s claim of regulatory or registration status is essential. If nothing is there, you should leave the website and look for another broker who has legal standing in Europe, the United Kingdom, the United States, or Australia.
Being regulated involves more than just getting approval to provide Forex trading services. Numerous obligations come with it, and most of them are focused on how the broker handles its clients. A broker’s misconduct may result in monetary fines or the complete shutdown of the offending brokerage website.
Trading Platform
The web trader is fairly effective in the context of the unauthorized broker, given that Tradegf.net is unregulated. However, its appearance should not be interpreted as a recommendation to believe the firm.
Given that it has more capabilities than other scam broker web traders, we really did mean it when we claimed that this is a decent platform. The features are beneficial and specifically designed for new traders. But once more, we do not advise it when using Tradegf.net.
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Deposit And Withdraw Methods And Fees For Tradegf
A Crypto wallet and a wire transfer are the two available payment methods, according to the user area. To use a bank transfer, the customer must speak with the broker’s representative team, nevertheless, in order for it to be successful.
Users are now just left with the Crypto depositing option. However, this is a pure Bitcoin buying platform and not a deposit method. an independent one at that. We suspect that the whole Tradegf.net is a disguise for this, passing as a legitimate FX and CFD broker because the cryptocurrency exchange was dubious and unpopular. Additionally, asking for assistance with bank information is likely to get the user into a complex solicitation scheme.
The possible withdrawal methods are wire transfer, bitcoin, and credit cards, as shown in the withdrawal area. We don’t really think the user will be able to withdraw money at any point.
Conclusion
These points only reveal that the broker is a fraud and a risk to everyone! Save your time and money and avoid it!
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