Thinking of getting into business with Treasure Forex? Here is what you must know about this broker. Carefully read this review to find out if treasure180.com is the trading platform you will want to trade with.
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About Treasure Forex
Treasure Forex is an offshore brokerage company with a lot of promises for traders. The broker contact shows United Kingdom.
The broker’s claims on “why they choose them”.
Added, it trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify, regardless of the trading instruments Treasure Forex claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
treasure180.com: Reasons to Avoid This Broker
Firstly, treasure180.com is a platform with no financial authority overseeing its financial services. We discover the broker is not worth your money because Financial Conduct Authority (FCA) UK does not approve Treasure Forex among its licensed brokers. Nothing is known about the broker!
Secondly, we noticed treasure180.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Treasure Forex leaves us with no specific information on processing days nor withdrawal fees. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Treasure Forex minimum deposit is not available. .
As for the payment methods, the broker discusses only crypto currencies. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Treasure Forex Platform
Treasure Forex claims to offer MT5 (Industry standard trading platform) and Web Trader, however, the option of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, the broker discusses nothing. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Treasure Forex Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is treasure180.com a Reliable Broker?
No, treasure180.com is not a reliable broker for traders even though it promises offers that look good to be true. No legal documents for a deep check nor other relevant info such as account types, deposit and withdrawal policy.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
We owe our readers the duty to fish out scam forex brokers as well as share reasons to avoid fraudulent schemes. Meanwhile, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.