TradeFCM Review 2024

After working with TradeFCM it will be hard to trust my money to any broker again after everything I invested in Forex was stolen from me. The company did not even try to come up with a reason for zeroing out my account, and when I started to persistently write and call, they closed my account. I did not trade myself, but subscribed to the signals of a professional trader and received a stable profit, which suited me. When I made a request for withdrawal, it was first canceled, and then I saw $0 on my account, although there was more than $1,200. Complaints and demands to return the money do not lead to anything, so I have already accepted it, but from now on I will be more careful in choosing a brokerage company.

During the first three months of trading with TradeFCM, I did not see any problems. The web platform worked without fail, money was withdrawn in 3-4 days, the support team provided all the necessary assistance and even helped with advice. But then everything changed dramatically and trading conditions became simply unbearable. At first I noticed that quotes became less favorable, spreads increased and I was cut the size of leverage. I contacted the support service, where they said that price fluctuations were normal, and the right to change the size of commissions and leverage is specified in the regulations of the company. I decided to switch to another broker, more stable and reliable.

Beware of brokers who don't have licenses, because they're usually very problematic in all regards. The main page describes everything beautifully, but it's all false - from licenses to regulators to narrow spreads. But that's not even the main problem. These scammers ripped me off and didn't return $600 I invested in a PAMM account. When I tried to withdraw my profit, neither the account manager nor the support service answered. Based on internet reviews, I can say goodbye to my investments.

Never get involved with these scammers who lure traders and steal their money. I traded on my own and connected another account to the social trading platform in parallel. When I wanted to withdraw my profits, I was told that I had to close orders because of insufficient margin. I argued that the margin was more than enough minus the amount I had put up for withdrawal. Following that, the trades were closed with a small loss, but they were not rushing to execute the request. After a week, I wrote that I would publish bad reviews and complain about them. Despite putting the entire capital for withdrawal, I received about 70%. They withheld the rest as commissions, which I had already paid, so they stole it.

I believed in the honesty of TradeFCM broker because of the place of its registration in Glasgow. I know from experience that European brokers are more reliable than those registered in offshore territories. I should have checked not only the address of the company, but also the licenses, which TradeFCM does not have and never had. As a result, I lost $1,000 and about $350 that I had traded for a month and a half on cryptocurrencies. I didn't get my money, because after making a withdrawal request I couldn't log into my account anymore, and the support service doesn't respond to my requests anymore.

Only after complaints and negative reviews, and attachment of transaction statements, did I withdraw my money. The fraudulent organization first creates unsafe trading conditions, then prevents withdrawals in a few different ways. Then I saw all the reviews of people who couldn't withdraw money from TradeFCM. If I hadn't had the strength and patience to get my money back, I would have lost more than $2,000, which isn't a small sum to me.

I received a call from the company offering me to invest in a PAMM account. They promised a profit of 30-40% of the capital per month on average. I deposited $500 to find out if it was true. And indeed, I made a profit of about $160 in the first month. I should have tried to withdraw it, then I wouldn't have lost all my investments totaling $4,600. I decided that this was real passive income and contributed all the funds I had set aside for investment. At the first attempt to withdraw at least part of it, they stopped contacting me and closed access to my account.