The number of online brokers is continuously growing. While this is good for investors, the downside is that quite a number are rogue forex brokers. These scammers take advantage of unsuspecting investors, and many new traders have fallen prey to their tactics.
Does TradeATF fall into this category？ How reliable is this forex broker？ Can you withdraw your cash without a hassle？ This in-depth TradeATF review will reveal the truth about this company to help you decide better on your next investments.
If you have already lost money trading with TradeATF, we can help. Reach out to our experienced team of experts to book a free consultation session. We will guide you on how to recover your cash.
An Unbiased TradeATF Review
As a newly established forex brokerage, TradeATF claims to be a globally renowned broker for its excellent client services. Since it‘s not been in existence for long, the firm doesn’t have recognizable awards.
Apart from the fact that it‘s operated by Bayline Trading Limited, there’s limited information about its ownership.
A closer look at this company provides more questions than answers. Lets dive in!
TradeATF Review: A Brief Company Background
TradeATF deals in cryptocurrencies, forex, commodities, stocks, indices, and metals. Traders that sign up to this platform get 0% commission withdrawals, professional accounts, training and seminars on trading, and low spreads.
Since its operated by Bayline Trading Limited, its registered address is in Edinburg, United Kingdom.
Its services are mainly targeted to residents in European markets.
TradeATF Products and Services
Like any other broker, TradeATF offers products and services that make the company appear legitimate. Heres what the brokerage firm specializes in.
Trading Platforms
As a trader on TradeATF, you can trade via renowned platforms; MetaTrader 4 (MT4) and WebTrader. You can deposit and withdraw funds via Skrill, Neteller, and credit card.
Account Types
Whether you are a newbie or seasoned investor, you can find your place on TradeATF. The account types serve different trading levels, and the spreads and leverage are adjusted according to the size of the trade and the investors trading experience.
Depending on your preference, you can choose between the Silver, Gold, and Platinum accounts. For pro traders, theres the option to sign up for a professional account.
Educational Tools
The broker provides multiple courses to entice investors to their trading platform. It has an education center that includes articles, trading signals and ideas, and an economic calendar.
To appeal to newbies, it has segmented information for beginner traders who want to try social trading.
Is TradeATF Regulated？
Under its parent brand, Bayline Trading Limited is licensed by the International Financial Services Commission (IFSC) in Belize under license number IFSC/60/322/TS19.
The subsidiary Bayline Global World Ltd has a registered office in Edinburg.
Belizes IFSC provides offshore regulation, which raises the question of whether the company is transparent with its customers and funds.
According to this licensing, the brokerage firm is not authorized or regulated by any major authorities such as the FCA.
TradeATF Scam Signals
Although TradeATF provides products and services like a legitimate broker, a closer look shows that the company is not as genuine as it seems.
Here are some of the red flags.
Offshore Regulation
For a company that‘s regulated in Belize, this brokerage firm doesn’t inspire confidence. Brokers can be regulated and be the biggest scammers. However, its even worse when the regulator is in a location that provides loopholes for money loss.
Customers are not adequately covered by strict policies, such as the FCA guidelines, making it easier to prey on investors.
On top of this, the company doesn‘t operate in most countries, including the US, Canada, Iran, Tunisia, Syria, Uganda, and many more. Some of these countries are easy to trade in; therefore, it’s quite suspicious that the broker is restricted in these regions.
The Association with Hoch Capital
TradeATF (also known as Global TradeATF) doesnt appear reliable due to the Hoch Capital connection. Hoch Capital has run into several problems in the past with regulatory bodies across different regions.
CySEC previously regulated Hoch Capital Ltd, but it‘s now suspended because it failed to act in the client’s best interests.
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