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Traling -

Score

3.41 /10
Danger

Traling

South Africa

2-5 years

Regulated in South Africa

Financial Service Corporate

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://traling.com/en/home

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index3.51

Business Index5.43

Risk Management Index0.00

Software Index4.00

License Index3.51

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

SUMMIT LIFE

Company Abbreviation

Traling

Platform registered country and region

South Africa

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2025-01-07
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 53006)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

A HUGE SCAM, BRAZEN.

BEWARE: THEY REFUSED MY WITHDRAWAL REQUEST AND GRABBED THE LEFTOVER MONEY AS INACTIVITY FEE. 114.5 USD in inactivity fee...brazen cheats. Posted the screenshot. YOU WILL NEVER BE ABLE TO WITHDRAW. BUT THE FUN PART IS THEIR AIM IS to lose it for you so you never get to withdrawal stage. You can lose money on your own in more FUN ways, only go to them if you want them to lose it for you. And if you get an account manager called Aliza, you have been particularly unlucky. She is their STAR SCAMMER. 200 usd is a small amount but there are many victims as you can see if you google reviews of them. Even the ones on Trustpilot. Looks like their modus operandi is to get people to invest with ridiculously fake British accents that drop more often than not into the Indian one.

Anushka277
2024-12-01 19:45
Traling · Company summary
Traling Review Summary
Founded2016-06-22
Registered Country/RegionSouth Africa
RegulationExceeded/Suspicious Clone
Market InstrumentsFX/Commodities/Stocks/Crypto/Metals/Indices
Demo Account❌
LeverageUp to 1:400
SpreadAs low as 0 pips
Trading PlatformWebtrader(Web/Mobile/Desktop)
Min Deposit$0
Customer SupportEmail: info@traling.com
Phone: +44 1919340500
Live chat
Facebook/Twitter/Instagram/YouTube

Traling Information

Traling is a globally recognized forex and commodities broker. The tradable instruments with a maximum leverage of 1:400 include FX, commodities, stocks, crypto, metals, and indices. The broker also provides five accounts. The minimum spread is as low as 0 pips and the minimum deposit is $0. Traling is still risky due to its exceeded status, and bad reviews about difficulty withdrawing money.

Traling Information

Pros and Cons

Pros Cons
Leverage up to 1:400Exceeded/Suspicious Clone
Commission freeMT4/MT5 unavailable
Various tradable instrumentsUnspecific transfer time and fee information
Spread as low as 0 pipsBad reviews about difficulty withdrawing money

Is Traling Legit?

Traling is regulated by FSCA with license number 53006, but the current status is 'exceeded'.

Is Traling Legit?
Is Traling Legit?

What Can I Trade on Traling?

Traling offers 1500+ market instruments, including FX, commodities, stocks, crypto, metals, and indices.

Tradable Instruments Supported
Forex✔
Commodities✔
Stocks✔
Crypto✔
Metals✔
Indices✔
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on Traling?

Account Type

Traling has five account types: classic, silver, gold, platinum, and VIP. In addition, the PAMM account is also available.

Account Type Supported
Classic✔
Silver✔
Gold✔
Platinum✔
VIP✔
Account Type

Traling Fees

The spread is as low as 0 pips, the commission is 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.

Trading Platform

Traling provides a propriety Webtrader trading platform available on the web, mobile, and desktop to trade, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.

Trading PlatformSupported Available Devices
Webtrader✔Web/Mobile/Desktop
Trading Platform

Deposit and Withdrawal

The fee on deposit is 0 USD. Traling accepts Visa, MasterCard, Maestro, PayPal, Giropay, Skrill, Neteller, and Sticpay for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

User Reviews

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User comment

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Comments

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Anushka277
0-3months
BEWARE: THEY REFUSED MY WITHDRAWAL REQUEST AND GRABBED THE LEFTOVER MONEY AS INACTIVITY FEE. 114.5 USD in inactivity fee...brazen cheats. Posted the screenshot. YOU WILL NEVER BE ABLE TO WITHDRAW. BUT THE FUN PART IS THEIR AIM IS to lose it for you so you never get to withdrawal stage. You can lose money on your own in more FUN ways, only go to them if you want them to lose it for you. And if you get an account manager called Aliza, you have been particularly unlucky. She is their STAR SCAMMER. 200 usd is a small amount but there are many victims as you can see if you google reviews of them. Even the ones on Trustpilot. Looks like their modus operandi is to get people to invest with ridiculously fake British accents that drop more often than not into the Indian one.
BEWARE: THEY REFUSED MY WITHDRAWAL REQUEST AND GRABBED THE LEFTOVER MONEY AS INACTIVITY FEE. 114.5 USD in inactivity fee...brazen cheats. Posted the screenshot. YOU WILL NEVER BE ABLE TO WITHDRAW. BUT THE FUN PART IS THEIR AIM IS to lose it for you so you never get to withdrawal stage. You can lose money on your own in more FUN ways, only go to them if you want them to lose it for you. And if you get an account manager called Aliza, you have been particularly unlucky. She is their STAR SCAMMER. 200 usd is a small amount but there are many victims as you can see if you google reviews of them. Even the ones on Trustpilot. Looks like their modus operandi is to get people to invest with ridiculously fake British accents that drop more often than not into the Indian one.
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2024-12-01 19:45
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