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MyTrade Review 2025

MyTrade Review 2025

Updated:
Updated: January 06, 2025

Summary of MyTrade Trading Company

MyTrade offers internet-based trading services all over the world, enabling trading operations in the international currency market Forex. Company enables trading on Forex market while ensuring round the clock quality technical support. Handy and easy to use trading platform MetaTrader 4 offers access to timely financial news, technical analysis of financial instruments, the ability to use mechanical trading systems and much more.

User Satisfaction i

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forexknowhow
4 years ago

Well, have the crooks paid the debt to anyone? They threw half of the country and did not start payments to anyone. But they promised. I just remember how people wrote reviews on My Trade Markets that the company is reliable and not a scam. Where are all these defenders now?)

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johnrey0118
4 years ago

He took 40% of what he entered into the company, and the rest of the money remained in the account. Considering that there was no special trade with them, it is very unpleasant to give your own money to scammers. Trust the regulation in Estonia. Only after that I found information that this is a sharashkin office and they do not regulate anyone

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j1o2h3n4
4 years ago

Unfortunately, MyTrade Markets turned out to be a scam. Many clients were unable to withdraw their money from here. I lost $ 1200 in MyTrade Markets and spent four months looking for an opportunity to get my money back. MyTrade Markets has been closed since 2015.

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hashankumara
4 years ago

Worked with MyTradeMarkets under an affiliate program. Everything was good at the beginning. I was charged a commission, I withdrawn it without any problems. But later, serious delays began in the payment of the affiliate commission. Several times I had to write negative reviews about MyTradeMarkets to solve the problem. In the end, the affiliate program had to be curtailed.

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asad60
4 years ago

My Trade Markets is no longer operational. I have traded in it for about a year, I have withdrawn money twice. I have withdrawn the entire deposit last time. Now I understand that I made it on time.

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sujan
4 years ago

I checked the withdrawal through the Forex broker MyTrade, it works great. The application process takes far too long and requests too many documents. The site freezes often, and sometimes it shows an access error as if they did not inadvertently close. I did not find any negative reviews, so maybe I'm overthinking this broker’s problems.

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moktakhan
4 years ago

I reckon that $300 per month is a good result with MyTrade. No matter how thoroughly I’ve checked the broker, there weren’t any screw-ups.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

FAQs

Why has MyTrade been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against MyTrade by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of MyTrade is down, not updated or operates with clear errors and some features are not available;
• MyTrade has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if MyTrade got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why MyTrade got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from MyTrade?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if MyTrade is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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