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Score

7.21 /10
Good

Trading

United Kingdom

5-10 years

Regulated in United Kingdom

Market Making(MM)

White label MT4

Regional Brokers

High potential risk

https://www.trading.com/uk

Influence

B

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index8.06

Business Index7.76

Risk Management Index0.00

Software Index9.68

License Index7.92

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
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

Trading Point of Financial Instruments UK Limited.

Company Abbreviation

Trading

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2024-12-22
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Survey

Danger

Trading

United Kingdom

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Unable to withdraw

The withdrawal website cannot be accessed and it has no Chinese character version, and there is no staff to deal with the problem.

2024-01-08 22:07
Unable to Withdraw

Broker's Agent Lost 50% of my fund

I contacted this guy who provides account management service. I found his service inside broker's telegram channel. So i decided to approach him. He told me he can give me a return of 60% daily. Originally i deposit 1k USD, but then i added more money because he guarantees 60% return daily. Only in 1 hour, 50% of my fund was gone! Ridiculous strategy and bad money management! I think he purposely lose the money so the broker can earn! He wont return or even answer my calls!

2021-09-28 17:45
Unable to Withdraw

Unable to withdraw

Withdrawals and deposits are still available on June 15 this year. However, since July 9th, the withdrawal cannot be done normally. The excuse given is that the technical staff of the company’s technical department has undergone major adjustments, and a large amount of handover work is required, and the normal withdrawal of funds can only be performed after the handover work is completed. I asked them how long it would take for the handover to be completed, and they only replied that please wait for the notification. It has been delayed until today, forty days. Ask them one last time if they can withdraw money to clients now. They have not replied until now. I strongly urge the platform to end the personnel adjustment work immediately, resume the normal operation of the platform and deposit and withdrawal work, and give our customers a fair answer! ! !

2023-08-21 16:22
Scam

Trading.club.com (Sayan Limited) let me down with 23,750 USD

I will relate the facts of the cyber scam that i was subjected to. On April 12 of this year, I saw an ad on facebook for a program called Shark Tank Mexico where two young entrepreneurs appeared showing a technological application that, through an algorithm, carried out operations to buy and sell assets (in this case cryptocurrencies). So it seemed like a good idea to invest part of my savings. Entering the page and filling out the form with my data. After a while, "My name is Erika (# 744 362 0795) with a colombian accent. She said she represented the sales company Trading club and she told me that to access to her platform and be able to invest. He required a deposit of 250 usd. He sent a link to my email where the payment request for the company "sayan limited" and a tada payments logo appeared in the amount of $4749.29 (or the equivalent of 250 USD). I paid and from that moment I was "registered" in the platform Trading club. I was assigned an advisor: alejandro.sanchez@ Trading -club.com. This gentleman with a spanish accent was calling from spain (+34 930 46 46 75) and asked me to download an app called AnyDesk on my mobile device so that he could access to my technological application. He showed me how to make my supposed first asset purchase (ADAUST and COSMO) from the platform. As the days passed, this adviser first undertook with a cordial attitude to invest more capital (10,000 usd), to buy the cryptocurrencies that were booming such as bitcoin and etherum. On April 19, he sent me a list of 10 different leagues or receipts via WhatsApp so that I could deposit in mexican pesos the amount corresponding to 1,000 USD for each deposit. These were intended to be paid at HSBC as payment for services to a mexican company named SAFTPAY MEXICO (also called SafetyPay). In total, 10 deposits were made for the total amount of $181,078.00 national currency (or the equivalent of 10,000USD). I saw that these deposits were reflected in the technological application of Trading-club.com on my mobile device which made me think that the investment was made, the company even gave me a bonus of 3,500 USD for this investment. From here I asked this adviser Alejandro Sánchez to be able to withdraw my earnings and he always gave me a long time. On April 20, he told me that he had the portfolio of a great investor and that there was an opportunity for me to grow my capital. according to him, i was going to triple my investment but i had to deposit 6,000 more USD. With great insistence, and above all with deceit and lies he convinced me. In the same way as the previous deposits, on April 20, I made 6 deposits of 1,000 USD each in the HSBC bank for the company SaftPay México, the amount of $18,116.00 for each of the 6 deposits, giving a total of $108,696.00 mn. Ireceived the 6 tickets (attached) from HSBC bank with seal and signature. With these more than 16,000 USD, cryptocurrencies such as: Bitcoin, Litecoin, Etherum, etc. were purchased. I checked in my technological application about these deposits and the amount of 19,751 USD appeared in my name. I told him again that I had already deposited all my savings and that I needed to withdraw as soon as possible, but this spanish scoundrel, having control of my account, no longer allowed me to withdraw. Then on friday, april 21, another alleged risk area advisor of this company was communicated Trading -club.com or sayan limited to tell me that my investment had very strong losses due to the fall of Bitcoin and Etherum and that I had to deposit at least 7,500 USD otherwise I would lose all my investment. I argued that I had no more to deposit and he commented that the company was going to lend me that amount but I had to deposit it in the following monday. I did not agree but this gentleman hung up on me. I wanted to communicate with my supposed adviser but he never answered. On monday, April 24, this spaniard, like a real extortionist, forced me to have to pay that loan to Trading club otherwise they would keep all my investment. I had the need to request savings from my family to carry out and pay that supposed loan of 7,500 USD. This time, 8 more deposits were made for the total amount of $134,709.50 mn, they were made in the same way as the previous ones, for the company SaftPay Mexico or SafetyPay. Resulting in 7 deposits that correspond to 1,000 USD in Mexican pesos and another deposit of 500 usd. After making these deposits, I observed in the technological application that it was available to withdraw (12,000 USD) but i could not do it because i had not sent to the company Trading -club.con or Sayan Ltd an identification, proof of address, and the debit card where they were going to deposit me, the advisor ended up informing me. They were also going to mail me a deposit statement with my deposits that added up to 24 and I had to sign, scan and return it. I did so and even with that I was not allowed to withdraw my investment. In total, the sum that I deposited in this fraudulent company was 23,750 USD or the equivalent in Mexican pesos $429,232.79. from here the technological application installed on my mobile device of this fraudulent company called Trading -club.com indicated that it had an accumulated investment of 27,251 USD but the losses never abated despite the fact that Bitcoin was supposedly recovering. This caused this person to keep bothering me to ask me to deposit more money for the supposed losses, which I refused to do. and from here this scam company named Sayan Limited or also called Trading -club.com has its address at beachmont busines centre, suite 344 kingtown, st vincent and the grenadines with telephone number +44 7984 751777. Sayan Ltd, reg. no, 11263 marshall islands. Email: support@ Trading -club.com. I ask you to help me to get my savings back from this scam company.

2023-06-26 04:41
Resolved

Deny withdrawal for various reasons

Refused to withdraw funds for various reasons. The first time, I had to pay tax. After paying the tax, they said that the withdrawal address provided was risky. It was frozen for one month and automatically unfrozen. After one month, I had to withdraw cash. , anyway, there are various reasons for you to pay, liar liar liar liar

2022-11-03 13:07
Scam

Scam

actually someone introduced me to this very site, he told me everything about it, but what shocked me was when he said I can invest as low as 1,000 to trade with and still be earning high profit, it was seducing, I didn't hesitate to join, I deposit and started trading, he was guiding me through it then wen it was time for me to withdraw, I was asked to pay a little more amount to enable me withdraw, which. I did, but after I did that I was still asked to pay again, then I realise it was a scam

2021-09-11 17:51
Resolved

I was called but didn't answer, me

I received a call but didn't answer. Then I received a message saying that they are Tommie Mccray, the director of Indeed, but that company doesn't even exist. They told me to install Telegram to contact @DecimaBadrinath. She said she would send tasks to rate restaurants, etc. I did them and then moved on to other tasks where she told me to contact @AngelaTutora. She asked me to deposit $17, so I did. The task was to visit a website that is like a wallet to buy coins, but it doesn't even exist. It only showed coinbytex.op. I received the payment and then she asked me to send $45. I only had $44, so she said she would authorize me to deposit that amount. I did it, but she didn't send anything. Then she sent me another task to deposit $119. I told her I didn't have money in my account, but she told me to get it as soon as possible to receive the payment. However, I didn't. I told her I want a refund, but she said they won't make any refunds. THEY ARE SCAMMERS and I fell for it. 😔 I need help to recover my $44 USD. Their Telegram group is called Senior working Group 28, that's how it appears.

2024-09-29 16:14
    Data Source WikiFX Data provide
    Updated: 2024-12-22
    Trading · Company summary

    General Information& Regulation

    Trading.com is a CFD trading broker that was launched in July 2019, and currently, it only provides services to residents of the United Kingdom. Trading.com is operated by Trading Point of Financial Instruments UK Limited, and this company is authorized and regulated by the Financial Conduct Authority (FCA) in the U.K. (FCA705428).

    Market Instruments

    Trading.com offer Forex (50+ Forex pairs including EURUSD, USDJPY and GBPUSD), CFDs on Stocks (1,000+ global companies including tech giants Apple, Amazon, Facebook and Google), Equity Indices, Commodities (CFDs on Agricultural Commodities including popular markets like Coffee and Sugar), Metals, Energies (Energies like Oil and Gas by trading active markets including WTI, Brent and Natural Gas).

    Minimum Deposit

    Trading.com offers two accounts type – the Ultra-Low Standard, which uses 100,000 units of the base currency as a standard lot, and the Ultra-Low Micro, which uses just 1,000 units of the base currency as the standard lot. The minimum deposit for starting an accounts is $5, sounds reasonable for new traders to get started.

    Trading.com Leverage

    For retail investors, maximum leverage is up to 30:1, which is the greatest allowed by the ESMA regulations. Of course if traders can prove that theyre a professional trader they can get greater leverage.

    Spreads & Fees

    Spreads as low as 0.6 pips for the EUR/USD pair, and we can confirm this is the spread on that pair on the demo platform, which is supposed to have the same price feed as the live account. Spreads are variable, but seem fair across all the assets being offered by Trading.com. There are no commissions to consider, and the only other fees is an inactivity fee for accounts that have been dormant for 90 days and a fee for those who would like to use VPS. The inactivity fee is $5 or the balance in the account if it is less than $5. If the account balance is $0 there is no inactivity fee charged. The VPS fee is $28 a month, unless the client has a balance above $5,000 and trades a minimum of 5 round turn lots per month, in which case the VPS is free.

    Trading Platform

    Trading.com offers a classical trading solution – the MetaTrader5 platform. MT5 is a highly reliable and user friendly platform, featuring over 50 integrated, market indicators, as well as trading robots, which will allow you to run algorithmic trading sessions. On top of that the platform is equipped with an excellent set of advanced charting tools.

    VPS

    A virtual private server (VPS) allows traders to run their trading platform remotely on a server 24/7 without needing the computer switched on. These are frequently used by traders who need to run automated trading systems around the clock. Clients who maintain a minimum amount of (Equity-Balance) $5,000 or equivalent in other currency are eligible to request a free VPS from the Members Area at any given time on the condition they trade at least 5 round turn lots per month. Clients who do not meet the above criteria can still request a VPS from the Members Area for a monthly fee of $28, which will be automatically deducted from their account on the first day of each calendar month.

    Deposit & Withdrawal

    Deposits can be made via bank transfer, credit/debit card, and a number of electronic wallet options. There are no fees for deposits at Trading.com, and clients can deposit in any currency and it will be converted to the base currency of the account at the prevailing interbank rates. With the exception of bank transfers, which can take up to 5 business days, all deposits are credited immediately. Withdrawals can be made via bank transfer, credit/debit card, and a number of electronic wallet options. There are no fees for withdrawals at Trading.com, and Trading.com will cover any fees imposed by the bank/credit card/electronic wallet, as long as the withdrawal exceeds $200. Withdrawals are processed by the back office within 24 hours and are credited to electronic wallets within 24 hours. Withdrawals by bank transfer or credit card can take from 2-5 days to be credited to tradersaccount.

    Trading Hours

    Trading.com trading hours are between Sunday 22:05 GMT and Friday 21:50 GMT. When their dealing desk is closed, the trading platform does not execute trades and its features are only available for viewing.

    News

    ExposureTrading.com Fined $50k for Regulatory Violations

    Trading.com settles with NFA, agrees to pay $50k fine for not meeting financial reporting standards.

    WikiFX
    2024-05-16 16:20
    Trading.com Fined $50k for Regulatory Violations
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    FX1638259386
    0-3months
    Me llamaron no respondi,me escribio un msj dijo soy Tommie Mccray director de Indeed que ni existe esa empresa dijo q instalara Telegram para contactar a @DecimaBadrinath ella dijo envio tareas de calificar restaurantes etc lo ise luego pase a otras tareas donde me dijo que contacte a @AngelaTutora ella me pidio que deposite $17 lo ise complete la tarea que es una sitio web es como una billetera de comprar monedas que ni existe solo apare coinbytex.op recibi el pago luego me dice que envie $45 yo tenia $44 me dijo que me iba autorizar depositar esos $44 lo ise ahi no envio ningun luego me envio otra tarea que era de depositar $119 le dije no tengo dinero en mi cuenta me dijo que lo consiga lo antes posible para que obtenga el pago pero no Yo le dije quiero reembolso dijo que no aran ninguna devolucion SON ESTAFADORES y yo cai 😔nesesito que me ayuden a recuperar mis $ 44 USD su grupo en telegram es Senior working Group 28 asi aparece
    Me llamaron no respondi,me escribio un msj dijo soy Tommie Mccray director de Indeed que ni existe esa empresa dijo q instalara Telegram para contactar a @DecimaBadrinath ella dijo envio tareas de calificar restaurantes etc lo ise luego pase a otras tareas donde me dijo que contacte a @AngelaTutora ella me pidio que deposite $17 lo ise complete la tarea que es una sitio web es como una billetera de comprar monedas que ni existe solo apare coinbytex.op recibi el pago luego me dice que envie $45 yo tenia $44 me dijo que me iba autorizar depositar esos $44 lo ise ahi no envio ningun luego me envio otra tarea que era de depositar $119 le dije no tengo dinero en mi cuenta me dijo que lo consiga lo antes posible para que obtenga el pago pero no Yo le dije quiero reembolso dijo que no aran ninguna devolucion SON ESTAFADORES y yo cai 😔nesesito que me ayuden a recuperar mis $ 44 USD su grupo en telegram es Senior working Group 28 asi aparece
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    2024-09-29 16:14
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    dfghjj
    more than one year
    Was alright to start with but have had some very strange occurrences with their graphs costing money the last week keeping an on it but could be deemed very unreliable at best.
    Was alright to start with but have had some very strange occurrences with their graphs costing money the last week keeping an on it but could be deemed very unreliable at best.
    Translate to English
    2024-03-25 03:54
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