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A Trade
Regulators:
Any warnings out for this broker? I invested there and my funds quickly increased but I was suspicious because "A Trade is authorized and regulated under the European Financial Security with reference number 243961".
I consequently withdrew my funds. The trader, Eddie Mendez was very helpful, but still, I smell something fishy. The trader claims that he mostly deals with clients investing $100k or more so why does he bother trading with my $500 investment? He made 3 forex trades, all 3 quite lucrative. I don't want to lose my money.
Our investigation into A Trade suggests that it may be a fraudulent operation. The regulatory information it provides appears to be fabricated, as we were unable to locate an institution named "European Financial Security". It's important to note that different jurisdictions in Europe have their own financial regulators, such as the Financial Conduct Authority (FCA) in the UK.
In addition to providing false regulatory information, A Trade displays typical characteristics of scam operations: the absence of legal notices and company profiles. Investors are only provided with an email address to contact their team. If the company were to close its website or disappear, the email communication would likely cease as well, leaving investors without any practical means to recover their funds.
We have received numerous complaints about operators of fraudulent platforms using exaggerated language to portray themselves as reliable and premium, promising attractive returns. However, without genuine financial licenses and regulatory oversight from financial regulators, these claims cannot be trusted. It's crucial to be aware that investors dealing with such entities are not protected by law.
Therefore, we strongly advise you to avoid A Trade, regardless of what they might say to entice you to invest further. The temporary absence of losses and the presence of profits is a tactic used by fraudsters to lower your guard and eventually make you fall victim to their scams. Please exercise extreme caution and remain vigilant.
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