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Trendingraphs Review - is it scam or safe?

Trendingraphs Review - is trendingraphs.com scam or good forex broker?

RATING: 1 / 2 REVIEWS ForexBrokerz Trendingraphs
Trendingraphs is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account Min. deposit  Max. leverage Spread
Bronze  $250  1:300 From 2.8 pips
Silver  $2 000 1:300 From 2.5 pips
Gold  $10 000 1:300 From 1.5 pips
Platinum  $50 000 1:300 From 0.1 pips

 

Trendingraphs is a MT4 forex broker registered in the Marshall Islands. It offers a choice of four account types and while the trading conditions are not that bad, the broker operates on regulated financial markets without proper authorization.

 

Below, we have highlighted everything you need to know about Trendingraphs in order to make an informed decision whether it’s worth your deposit. Read on o find out.

 

 

Trendingraphs Advantages

 

MT4 platform available, high leverage levels

As was mentioned above, Trendingraphs supports the MetaTrader4 (MT4) platform and offers high leverage ratios, reaching up to 1:300. Such leverage levels would be sufficient for the most traders out there. That being said, we should warn those of you who are not well-acquainted with the principles of margin trading that using leverage ratios that high could quickly and easily result in a serious loss.

 

As always, the availability of the MT4 is also a good news. This is one of the best trading solutions on the market, which provides numerous market indicators, advanced charting tools, user friendly interface and even customizable trading robots (EAs).

 

 

>> Looking for a better MT4 broker? <<

 

 

Various CFDs offered

Another possible advantage of Trendingraphs is the comprehensive selection of assets available for trade. The broker’s portfolio includes a lot of forex pairs, as well as CFDs on indices, commodities, indices, precious metals, stocks, as well as cryptocurrencies.

 

 

Trendingraphs Disadvantages

 

Registered offshore

Trendingraphs says it’s owned and operated by Premium Systems Ltd., a company registered on the Marshall Islands. As these islands are an offshore zone where forex brokers are not regulated, entities registered there are considered a risk for all those who invest in it. 

 

 

We should also note that forex brokerages registered offshore are not entitled to operate on heavily regulated financial markets like those in EU, USA, Australia, New Zeland or Japan. Yet, as you can see from the above image, Trendingraphs admits to operate within the European Economic Area, which is illegal.

 

Blacklisted in Belgium and New Zealand

Considering what we just said, it’s no surprise that Trendingraphs was blacklisted by Belgium’s financial regulator, the Financial Services and Markets Authority (FSMA). More specifically, FSMA stated that the broker offers investments without complying with Belgian financial legislation using false advertisements on social media to approach consumers and reported of customers being unable to recover their investment.

 

High spreads

We should also note that the spreads offered by Trendingraphs are not lucrative for traders. According to their presentation, the benchmark EUR/USD spread starts from 2.8 pips on the most basic account type. Most forex brokers offer spreads within the range of 1.0 – 1.5 pips for this pair, and many of them are reliable and licensed ones. That is why we would advise you to select a brokerage from the below link:

 

 

>> Compare the spreads of top forex brokers <<

 

 

Conclusion

 

The broker does not hold a valid license, and was blacklisted by Belgium’s FSMA and New Zealand’s FMA. This should be enough to prevent anyone from opening an account with Trendingraphs – this illicit broker will most likely play a dirty game with your money, and you will lose everything you send them.

 

As always, we recommend that you only deal with well-established and licensed forex brokers, who abide by strict regulatory rules and therefore provide significant guarantees to their clients that traders’ interests and funds are protected. That said, one of the most trustworthy authorities in Europe are the UK’s Financial Conduct Authority and the Cyprus Securities and Exchange Commission (CySEC).

 

 

>> Trade with a broker regulated in Cyprus <<

 

 

To sum up the above:

 

Pros Cons
MT4 platform available, high leverage levels Registered offshore
A lot of CFDs Blacklisted in Belgium and New Zealand
  Highs spreads

 

Latest news about Trendingraphs
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Traders` reviews for Trendingraphs

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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Professional scam!

https://www.trendingraphs.com

trendingraphs scam

trendingraphs are great scammers. they ask for money via bitcoin and pretend to trade for you. Only bitcoin so that you can no longer trace your money. so to speak for taxes but all a lie. A metatrader platform connected to https://trader.secure.trendingraphs.com/. Everything is false. You think they were trading for you but the platform is not real. They show profits and ask for more money. If you have no more money then they liquidate you on the market and call someone else for another 3000 euros to insure your money. Do you have questions?

jamai jesse Karim 01/13/2020
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