The choice of a brokerage company plays a very important role. If you deposit money with an illegal organization, it’s gone forever. Therefore, you should choose a firm with government licenses, decades of existence, and other guarantees. TradePulseLtd is a broker that is definitely not recommended for investment, as all signs point to it being a fraudulent platform. Let’s begin.
Key Features
- Company Name: TradePulseLtd
- Website: https://tradepulseltd.com/
- Available Contacts: [email protected]
- Foundation: 2024
- Services: brokerage service
- License: no
- Initial Deposit: €200
From Sign-Up to Payout
The official website of TradePulseLtd is hardly different from thousands of others. A standard header with the main sections, a homepage with pseudo-advantages, and attempts to lure traders onto their platform. The clichéd motivational phrases like “Start trading now!”, “Best training tools”, and “We are here to manage your investment” are nauseating. The broker couldn’t come up with anything new to stand out from other platforms.
Alright, the site looks like a typical brokerage resource. There’s something more interesting here. What is usually required to create an account with a trustworthy and safe company? Typically, you just need to enter your name, contact details, and create a password. Then, confirm the registration via email or phone. Of course, sometimes brokers may ask for proof of residence right away, but that’s rare.
However, TradePulseLtd has a different registration process. You cannot create a personal account without a security key. And to get it, you need to contact the company’s manager through Telegram. The main question is — why?
We can only speculate as to why. It’s likely that the potential client will be “worked on” to extract as much money as possible. They might ask about your experience, income, whether you own a home or car, and other assets, as well as your financial situation. Then, based on this information, they might start extorting money.
Also, judging by the official website, the scammers will accept payments via credit/debit cards and electronic payment systems (Neteller, Skrill, Webmoney, and others). Why are electronic payment systems like Webmoney and Yandex Money (by the way, it’s now called YooMoney since 2020) among these methods, which are used exclusively in Russia and CIS countries? The site doesn’t even support translation into Russian.
Our Trading Experience With TradePulseLtd
Since it’s impossible to create a personal account without communicating with the company’s manager, you’re left with only the broker’s word to rely on. And the broker claims that several platform options are available to clients:
- Activ8.
- WebTrader.
- MetaTrader 4.
- SIRIX.
Each terminal is accompanied by a brief description, but is it true that TradePulseLtd allows trading on all these platforms? Unlikely. For instance, any trader can check the list of brokers connected to MetaTrader 4 and confirm that this company is not on the list. If they lied about MT4, they likely lied about Activ8 and SIRIX as well.
Most likely, there is no advanced and serious terminal here. Instead, clients are offered a pseudo-platform that barely covers the necessary set of tools. Yes, levels, trends, and in general, technical and graphical analysis might be available. However, advanced options are unlikely to be possible. By the way, there are no links to download the software either.
The Reality Check
Before choosing a company, it is essential to verify it to avoid dealing with a firm that isn’t even officially registered as a legal entity. Scammers often skip this step, creating only websites. Any serious and legitimate brokerage intermediary should publish registration details, address, documents, licenses, and other aspects of its operations on the website. Did TradePulseLtd do this? Let’s take a look.
In the footer of the website, you can find an office address in the United Kingdom. However, it’s not enough to take their word for it; you must check the legal entity registries to verify this yourself. In the UK registry, there is only one company with a similar name, registered in 2019, that deals in wholesale grain trading. This is obviously not a brokerage service. So, it turns out that the company with the website tradepulseltd.com does not exist in England. Based on this, we can conclude that the address is fake.
No legal entity means no license. The broker wouldn’t even be able to start verification with the financial commission if it’s not officially registered.
Another suspicious detail is that the website has a “regulations” section. However, it is also locked. To access it and view the licenses, you need to enter a security key. Can TradePulseLtd be called transparent and open after this? Certainly not. Any legitimate broker would display their license as soon as you visit their site.
Additionally, the user agreement states that the firm operates under Estonian law. Where is the address? Where are the licenses from the Estonian regulator? More lies, or a document copied from somewhere else.
How Long Has TradePulseLtd Been in the Game?
It’s no surprise that the longer a company has been in the market, the more trust it earns. Therefore, one of the main pieces of advice is to choose an established brokerage company that has earned the trust and built a reputation as a safe broker. None of this applies to the subject of our review. The scammers started operating in 2024, so they haven’t even been around for a year. This is clearly indicated by the domain registration date in June 2024.
Extra Fraud Indicators
There are other red flags that show this is a company to stay away from. For example, the enormous leverage offered here, which reaches 1:200. Not only is this a serious violation of regulatory requirements, but it also poses huge risks for traders, especially beginners.
Many clients first need to practice with virtual money to get used to the platform, press the buttons, and only then consider depositing funds. TradePulseLtd does not offer such an opportunity. There is no demo account available. Additionally, the minimum deposit of 200 euros is relatively high.
Communication with company representatives can supposedly happen via Telegram or email. However, in reality, only Telegram is functional because the email listed on the tradepulseltd.com website turns out to be non-existent.
Is TradePulseLtd the Right Fit?
No license, less than a year of operation, and a closed registration process requiring a security key. Thanks to this TradePulseLtd review, you’ve learned why you should not trust this firm with your money. Sure, you can deposit funds, trade, and even make profits. However, you will likely face difficulties when trying to withdraw those funds. And there’s little chance anyone can help you. All the signs that this platform is a scam are clearly evident.
This is a very well-disguised scam. I suspect that the scammers somehow find their victims through educational resources or signal services. You can’t just register here on your own; you need an invitation. However, the most important thing to know about TradePulseLtd is the lack of a license, the 100% b-book model, the absence of insurance, and the lack of genuine legal entity registration. In other words, there are absolutely no guarantees.