Trade100.fm Review: Is Trade100 a Legit Broker or Scam?

Trade100 is a forex brokerage that has an offshore location address. Trade100.fm is the official page of this brokerage. They advertise themselves as “professional broker’s” willing to give traders support. The advantages of Trade100 are listed as:

Simplicity of trading process

Trading on several accounts

Secured data transferring system

MT4 multifunctional trading platform

trade100 fm review

 

Trade100 broker is registered to Level Up Capital Ltd, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands. Trade100.fm gives news on trades as well.

Trade100 Trading Platform

The forex broker provides the MT4 trading platform for its Trade100 Trading Software. The MT4 is a user-friendly software that is popular among traders on forex. It trades on the EURUSD pairs with a 1.5 pips. There is no mention of the products these trades are on like CFDs.

Deposit and Withdrawal Methods

Trade100 website offers no information on the methods for making payments and withdrawing. All registered brokerages are to have this up to inform clients on which payment methods are licensed. There is also no information on minimum deposits and withdrawal charges.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine if this is a legit brokerage or not.

Is Trade100.fm Licensed

Because Trade100 is registered address is in an offshore location, it cannot own a legit license. Investors should be wary as offshore locations are becoming the hub of scam brokers.

Support

To reach a customer care representative of Trade100, call: +44797833946 and email: support@trade100.fm

Conclusion

Trade100 is in an offshore location where forex trades are not regulated and licensed. The lack of minimum deposits is fishy as well. It provides MT4 trading platform which is good.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

DID YOU KNOW!! Most Autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE

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Summary
Review Date
Reviewed Item
Trade100
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