Trading Teck Reviews: TradingTech is a forex broker that is supposedly licensed by the authorities of Saint Vincent and The Grenadines. In the review below, we take an in-depth look at the features Tradingteck.com allegedly offers. This review basically answer the questions: is Trading Teck legit? Is trading teck good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about trading teck forex broker.
Table of Contents
TradingTeck Trading Platform
Although the website looks professional and well-designed, it feels empty as necessary and required information isn’t provided. At first glance we discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform.
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
Although the website looks professional and well-designed, it feels empty as necessary and required information isn’t provided. At first glance we discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform. In fact it does not mention what platform or instrument that it provides.
They claim that they offer assets such as Forex (with leverages up to 1:200) CFDs, Indices, and Stocks.
Trading tech Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has six account types
Trading Teck Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
Tradingtech in the payment section claims that potential clients can deposit only via Cashier which turned out to lead to a Credit/Debit card payment gateway.
One thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is Tradingteck Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker claims that it is licensed by the authorities of Saint Vincent and the Grenadines. SVG is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body. The government of the SVG has stated in the past it does not regulate any form of forex trading.
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
Trade with TOP RATED BROKERS Instead
Accounts
Free Trial
Projects
SSL
S
Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
TOP CHOICE BY TRADERS
Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In fact-checking this broker, we found that many of its claims were either or false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts may lead to loss of your funds.
I also became victim of thi sscam broker.. Me too opened the account after reading an article for investment opportunities which guided me to tradingteck app and I opened the account. Soon after I received email and call. Some Brian Davis introduced him as my account manager. On his advice, I further invested 3000 dollars. I opened many deals on his advice which most of them ended in profit, some with loss. But I was not sure, these were actual deals or not? And whether this company was a legitimate company. This was the blunder , I made , that I did not do enough research about it. Now when I started to research and reached this page and many others alerting about scam trading platforms including trading tech.
Today , just an hr before on august 11, he wanted me to open more trades, and when I refused , and expressed my intention to withdraw first, He became offended and aggressive. Pls be aware, he calls from different numbers, sometimes showing UK, bahrain and Estonia codes.
Although I have written an email shown on their website for support purpose, but I am not sure it will help. It seems to me like a one man or few people company.
An autogenerated message on my request of withdrawl , guided me to the page asking for providing more documents for account verification. I am in fix, whether to provide or not? Pls share yours views, what u people practised and how u responded. May be I submit those verification docs very soon to see, where it can lead me. Right now thinking to call my bank to start process of charge back. Problem is I am living in ksa and my bank is in pakistan.