TradeTime Review 2024

TradeTime Review 2024

Updated:
Updated: January 26, 2024

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of TradeTime Trading Company

TradeTime is an offshore Forex broker, that was owned by Almandex Group Ltd and was located in Vanuatu. The broker’s registered address was also in Vanuatu, but the company provided its contact details in Spain, the UK, Australia, New Zealand, Sweden, and France. This means the broker focused on traders from those countries without being licensed.
There are many negative client reviews of the broker, and most of them are about failures to return client money. TradeTime is often called a scammer that defrauded investors, guaranteed profitable trading conditions, personal managers, and bonuses, but never fulfilled its commitments. Many traders lost their money because of the broker, who blocked accounts with all funds for no reason. According to reviews, TradeTime’s managers also deliberately gave advice that led to the loss of money.

User Satisfaction i

10 comments
Total score:
2.2 /10

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windzjaya
15 weeks ago

TradeTime did everything to cause me to lose $30,000! First, there were no problems, as the money was withdrawn and consultations on trade-related issues were provided. Then everything changed. Constant slippages started to occur, positions could be closed at any moment, and spreads started to grow. Thus, I decided to stop trading here and find a more reliable broker. I wanted to withdraw my money, but they didn’t let me. They made new excuses as to why they weren’t transferring my funds and then stopped responding altogether. I filed several complaints, but I’m not sure if it helps to return my money. TradeTime is registered in Saint Vincent and the Grenadines, which leaves few chances of success.

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badhan
16 weeks ago

At TradeTime, I started trading with a competent manager and everything was great. We agreed on the withdrawal limit, which I followed. Overall, I deposited $5,250 and increased my capital up to $16,000 within 5 months. Problems began after the manager was changed. I decided to withdraw one-third of the money, but a new manager called me and advised me not to do so, as the market had revived and I could earn good money. I canceled the request. The next day I logged into my user account and found -$475 on the balance. They told me that the market collapsed and they were not responsible for my decisions.

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kazimrizve
21 weeks ago

TradeTime is a scam that makes traders invest their money and lose it. The company’s managers called me and insisted on starting trading with them. I understood that no one cared about my financial success and that was suspicious. However, they persuaded me, promising bonuses. I funded my account with $250 and started trading. In a couple of months, I had more than $5,000 on my account, so I decided to withdraw part of it. They told me that to withdraw, I had to deposit the amount equal to money earned with bonus funds, although the rules didn’t say that. I funded the account, but they blocked my user account and simply stole my money.

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bhanrawee
21 weeks ago

TradeTime’s only goal is to receive as much client money as possible and not return it, or to ensure traders suffer losses. First, my orders were closing, but there was enough money in my account to secure the margin. Technical support didn’t explain anything, so I decided to withdraw the rest of my money, as the conditions were unacceptable. They didn’t withdraw it referring to server failure at first. Nothing changed no matter how many times I contacted support.

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shakac
26 weeks ago

A client manager called me and started asking about my trading experience, trying to figure out what I knew about financial markets. My background was superficial, so they offered me to try trading with a personal advisor. I agreed as prospects of additional income seemed attractive.TradeTime’s minimum deposit is $250, but they convinced me to start with $1,000 to receive more income. I deposited money and started trading using my manager’s advice. Everything was fine, and I earned $650 in a month. I decided to withdraw the money, but my account was blocked and they stopped responding. Tradetime is a scam that steals other people’s money!

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ari_rey
28 weeks ago

If you decide to deal with Trade Time, don’t fall for their trading conditions and bonuses, as it will never return your money. It happened to me and many other traders. The company claims to offer many financial instruments, acceptable spreads, and leverage of up to 1:400. The above doesn’t matter, as they will promise you to solve the problem with your withdrawal after submitting a request, but won’t solve it, and will start ignoring you. They weren’t withdrawing my money, so I contacted technical support. They promised to handle the situation within 1-2 days. That was the end of our communication. I never received my money, though I sent several dozens of emails to them.

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SamRemedy
34 weeks ago

I haven’t been able to withdraw my money for almost a month! I’m talking about $500 I earned from trading currency pairs. Responding to my negative review, TradeTime cynically promised to handle the situation, but this response should not be trusted. I wrote emails and called several times a day, but no one responded to me. My user account is not blocked, but they don’t withdraw my money. I can trade, but what’s the point if I can’t get my money back? I filed complaints with different authorities, but I doubt whether they can help me, as the company is offshore.

Contacts

Registration address S.I.P. Building P.O. Box 3010, Rue Pasteur Port Vila, Vanuatu

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Why has TradeTime been placed on the Forex Broker Blacklist?

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

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

Don’t panic right away. First, try to find out the reason why TradeTime 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 TradeTime?

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 TradeTime 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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