Trade99 Review: Is Trade99 a Legit Broker?

According to the statement released at the time, the new scheme will certify the PAMMs offered by different brokers. The news, reviews, blogs and articles contained on this site are based on the author’s individual research and financial opinion. If the customer needs any help during the procedure, a ticket can be opened through a service desk. Trade99 accepts withdrawal requests of minimum of 50 dollars per transaction. Trade99 was recently granted the ‘A category’ membership by the Financial Commission. Additionally, this membership has several advantages, and one of the most important is the protection of 20,000 Euros for every complaint filed.

In its own words, the Financial Commission provides a “simpler, swifter resolution process” than going through the typical regulatory channels. The EDR organization providers brokerages and their clients with a third party mediation platform that helps to resolve issues when the separate parties are unable to come to an agreement themselves. When a trader has successfully created a trading account, depositing funds becomes easy and secure. Funds will be seen on the trading account balance immediately after the transaction is complete.

• The flexibility, high pay, and remote nature make this sound like an unbelievable opportunity.
• They can provide guidance on pursuing criminal charges and civil lawsuits against the perpetrators, or suing negligent institutions that enabled the scam.
• These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform.
• Dealing with an unregulated company like Trade99 increases the risk factor of your money.

The ability to hide behind the anonymity of the internet allows them to perpetrate this scam with relative impunity. The purpose of such a system is to allow inexperienced traders to invest funds without trading their money themselves. This broker offers Android Trading App; where the trader need not miss out on a trade.

The messages are personalized with the target’s name and feature friendly tone and solid grammar to build trust. They make vague allusions to exciting openings that seem like a perfect match. After finishing the beginner-level tasks, the victim is instructed they must now purchase “upgrades” to unlock higher earning tasks necessary to qualify for the job.

Notify your bank or payment providers (credit cards, PayPal, cryptocurrency exchanges, etc) about the fraud if their services were utilized. Providing documentation can help reverse unauthorized charges and prevent further misuse of your accounts. In the end, no matter how many tasks are completed or how much money is paid into the criminal-run H5.trade99.top platform, the advertised earnings never materialize. Excuses are invented for why victims cannot withdraw their money, and then they are ghosted once no longer of use. Victims are manipulated into paying the exponentially increasing fees through psychological tactics and false promises.

Is Trade99 a Regulated Broker?

Find out why you should be wary of dealing with this unauthorised firm trade99 review and how to protect yourself. This site may identify products, websites, or services as potentially fraudulent based on research and user experiences, but all claims should be independently verified. This fraudulent website cons countless victims by baiting them with promises of task earnings.

Is Trade99 Regulated?

• The H5.trade99.top recruitment scam on social media follows the same playbook outlined earlier.
• However, MalwareTips.com cannot be held responsible for any problems that may occur as a result of using this information.
• The EDR organization providers brokerages and their clients with a third party mediation platform that helps to resolve issues when the separate parties are unable to come to an agreement themselves.
• Retain professionals who assist victims in tracing and recovering lost funds from online crimes.

Exactly with the same features and tools as on web trader, Android Trading App can be used anywhere, anytime. Finding out who is behind the site is a little trickier, which is never a good sign. A “whois” lookup on the domain name points to “namecheap.com” as the official registrar. Most legitimate companies don’t need to use a service like this to register their name, but it becomes pretty obvious why this registrar was chosen. The company offers a “service that offers privacy protection for your domain, keeping your sensitive data safe.” In other words, it hides the identity of the real owner of the site.

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H5.trade99.top is a fraudulent website that is being used as part of an elaborate job scam that has already defrauded many victims globally. The scam begins with victims receiving messages on apps like WhatsApp for fake job offers. If they show interest, they are directed to H5.trade99.top and told to complete tasks to get “trained” for the job.

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When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. Unregulated entities can potentially abscond with your money without being held accountable. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us.

Dealing with an unregulated company like Trade99 increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. The views and opinions expressed in articles are those of their respective authors and do not necessarily reflect the official position of MalwareTips. All content is provided for informational and educational purposes only. While we strive for accuracy, we make no representations or warranties regarding the completeness, reliability, or accuracy of the content. Any action taken based on the information provided is strictly at your own risk.

After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. Dealing with financial firms that are authorised or registered by us gives you greater protection if things go wrong. Check the Financial Services Register to ensure they are authorised or registered. It has information on firms and individuals that are, or have been, regulated by us. We believe this firm may be providing financial services or products in the UK without our authorisation.

H5.trade99.top simply extracts as much money as possible from victims through deception and psychological manipulation, while providing zero income in return. Despite completing endless tasks and paying exorbitant upgrade fees, the promised payouts never materialize. Victims find it impossible to withdraw any earnings, receive vague excuses when trying to collect payment, and get ghosted when they are no longer useful to the scam. The broker doesn’t have a license from any actual government-sanctioned financial regulator. They are registered with The Financial Commission, but this is an independent body. Document details of your experience in case evidence is needed for investigations.

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Traders with this broker are entirely in the dark, with no reliable expectations. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong. These fake recruiter profiles send out connection requests and messages to those looking for jobs, especially people who have openly posted about being unemployed or job searching.

The country’s Financial Markets Authority (FMA) has determined that the company has been contacting residents with claims of incredible digital asset investment offers. Scammers are increasingly creating their own crypto payment processors to defraud their clients. In 8 out of 10 cases, these platforms are equipped with an Estonian license and are therefore allowed to call themselves “EU Regulated”. This gives the scammers’ client victims fatal deceptive security before they lose their money. Like the platforms of the scammers, these crypto payment processors are disappearing more and more often. The H5.trade99.top scam is an elaborate online scam that targets job seekers by tricking them into signing up for a fraudulent website called H5.trade99.top.

This illustrates how social media provides fertile hunting grounds to initiate contact with targets who are then migrated to other platforms to carry out the scam. H5.trade99.top is a fraudulent website that operates as part of an elaborate criminal scheme to steal money from job seekers across the globe. This insidious scam has extracted money from trusting victims who believed they were being offered legitimate work opportunities. Trade99 offers good quality services, even though it offers high spreads to its customers, which is a significant disadvantage for beginners. Additionally, this broker charges different fees for deposits, withdrawal, and services. Depending on the amount being withdrawn, it offers a trade bonus to its customers.

Moreover, all transactions are executed using secure socket layer technology, making sure that the trader’s personal information is secured. One of the primary concerns with Trade99 is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. The H5.trade99.top scam raises many questions for both its potential victims and concerned citizens.

Even though this broker has few fine features, one has to do their own research before proceeding with any type of investment with this broker. Trade99 is one of the leading forex brokers that provides its customers with different types of accounts and is a good trading platform. Trade99 is managed and owned by Nohelious International Marketing operations, which is based in the Dominican Republic.