WikiFX Review: Why You Must Be Alert To Trading Tech?

About Trading Tech

Trading Tech claimed to be a financial derivatives broker which has been providing online forex, futures, options, stock and CFDs transactions and related services for retail and institutional customers around the world.

It also claimed to be based in the Saint Vincent and the Grenadines and authorized by the country financial institution. However, the Saint Vincent and the Grenadines is a country that doesn‘t have state-controlled financial authority, let alone regulated Forex markets. As a matter of fact, the Saint Vincent and the Grenadines are an offshore zone, so is practically an Trading Tech IBC with undisclosed ownership. Hence, you neither know who operates the business nor where it’s actually located. And the worst of all is that once you deposit with Trading Tech , your money will be transferred offshore, where it literally disappears, with no one able to track the funds down. The bottom line is that whenever you open an account with Trading Tech and deposit money, youll get scammed, and youll have no chance of recovering the losses afterwards!

Furthermore, Trading Tech claims it has an award-winning platform, but that‘s a lie! In reality, the so-called brokerage only provides a poor webtrader that’s not even close to the industry leaders MetaTrader4 and MetaTrader5. Both have gained a solid reputation for their stability and the sophisticated features they can provide, such as automated trading and analytical tools, many complex indicators, and thousands of third-party-developed apps found in the in-built marketplace. Broker Trading Tech's webtrader can provide none of it, and WikiFX considers it dangerous as there are no guarantees that the platforms servers are secure at all! So, with or without warning, WikiFX would still recommend that customers should stay away solely because of the inferior trading software!

TradingTech offers several different types of non-withdrawable bonuses. TradingTech claims that you can earn a bonus on deposit, but any money earned using the bonus offered by TradingTech will be treated as non-deposit funds and not eligible for withdrawal. This is a common tactic of offshore brokers, and any kind of bonus they offer us is often used as a reason to refuse client withdrawals. This means that the broker will simply use the clause to limit customer withdrawals!

Whats more, when WikiFX tried to check whether this broker was registered or aothorized in another countries, I found that Trading Tech had been warned by the Financial Conduct Authority (FCA) in the UK.

As we can see from bove chart that Trading Tech is a clone firm, and it‘s confirmed by the British regulator FCA. The authority issued a warning against Trading Tech, effectively exposing it as a clone firm and a scam scheme. So, after the FCA alert, we can only say that scammers will steal your money if you deposit with Trading Tech! Clones are dangerous as they impersonate legit companies, which makes it easier for fraudsters to take their investors’ guards off and scam them out of their money. Its a simple but very effective strategy, as the number of impostors like Trading Tech is constantly on the rise!

Now let's search “Trading Tech” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/2819325744.html), Broker Trading Tech has no valid regulatory license and the score is rather negative - only 1.24/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

From all the above information we can know that trusting a broker like Trading Tech is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!