Earning money from online asset trading attracts many people because of its accessibility and ease. Knowing this, scammers create platforms where they manipulate users’ trust and steal their money. Therefore, you may have a question: is it possible to earn money from trading? Yes, but you need to find a reliable partner who offers fair terms of cooperation. We have taken upon ourselves the task of helping you in this search. Today we offer you to read our TradeEU Global review. From our research, you will find out whether this is another scammer creating the illusion of a safe project or a decent licensed broker.
Key Features
- Company Name: TradeEU Global, TRADESENSE HOLDING LTD
- Website: https://www.tradeeu.global/
- Available Contacts: [email protected], 6531064099
- Foundation: Not indicated
- Services: Trading
- License: FSC
- Initial Deposit: 250$
From Sign-Up to Payout
When accessing the official website of this company, we encounter an uncomplicated design and simple navigation. The language panel immediately attracted our attention, which offers translations from English to Spanish, Arabic, and Korean. We were also pleased with the online chat to contact tech support.
There is a standardized account registration process. You can go through it in a few steps:
- Fill out the online registration form to create an account.
- Confirm your account by sending us all the necessary documents.
- Transfer your first deposit.
The broker promises that your account will be ready for trading once approved. Here, we were disappointed by several points. Firstly, the amount of the minimum deposit is unknown, and you need to transfer it before the application for account opening is considered. Secondly, there are controversial points in the user agreement, for example, payment for reviewing applications for $50 and commission for account inactivity.
Since the time for personal data verification is not limited, your entire initial deposit can be deducted even before the company approves access to the personal cabinet.
As for depositing and withdrawing funds, there are no clear regulations for financial transactions. In the footer of the site, there are simply labels of payment systems.
The brokerage firm promises to process clients’ requests for withdrawal within 3 days, after which you will have to wait up to 7 days for funds to be credited to your wallet.
Our attempt to create an account failed. The reason is that our country is not on the list of available accounts.
Our Trading Experience With TradeEU Global
The company offers traders its own trading platform, which is based on TradingView. We are very familiar with this cloud-based trading program, which is available online to any user.
The software allows you to configure technical indicators, create charts, and analyze financial assets. A free personal account on TradingView entitles you to use the following features:
- Access to charts.
- 3 indicators per chart.
- 1 saved chart layout.
- 1 indicator template.
- 1 extended watch list.
You can view prices of crypto, stocks, currency pairs on the chart. Traders analyze price patterns using complex scripts.
The hero of our review claims that clients can use its platform in the mobile app. However, this is not the case. The TradeEU Global app is not available on the AppStore and Google Play. You can only log in to the mobile version of the platform from your smartphone.
TradingView provides free broker integration into the trading system. The platform has a program to simulate trading in the Demo version without risking real money. The “Go to Platform” button on tradeeu.globa takes you to the account authorization page. We suspect that in the personal account there is a simple transition to TradingView, where you can log in for free from a PC or via the App and without the help of this broker.
The Reality Check
The intermediary points to two legal entities: TRADESENSE HOLDING LTD, based in the Republic of Mauritius, which owns the domain, and TRADESENSE HOLDING CYPRUS LTD, registered in Cyprus. Please note that our search for the website owner on the Mauritius registry returned positive results. This is true information. However, we did not find any information about the connection between the broker and this company.
Meanwhile, TRADESENSE HOLDING CYPRUS LTD does have a Cyprus registration number HE441511 dated 2022. Any website owner can declare their affiliation with this company, this information can be easily falsified. Where is the proof?
If you intend to cooperate with TradeEU Global, be sure to ask for proof of a license number GB21026906 for brokerage activities, allegedly obtained by this firm under the laws of Mauritius.
How Long Has TradeEU Global Been in the Game?
Regarding the platform’s lifespan, there is no information about the launch of the project in the “About Us” section of the website. Our check of the domain’s operating period showed that the domain name was registered in October 2022. That is, the service started operating no more than 1.5 years ago.
Extra Fraud Indicators
Please note that the leverage is 1:200 on all the broker’s tariffs. This does not comply with the norms of reputable regulators. For example, leverage is limited to 1:30 in EU countries, including Cyprus.
You confirm the company’s right to leverage unlimited amounts from your account by agreeing to the terms and conditions on the platform. The document authorizes the broker to deduct any charges from the client’s deposit related to the services “without further notice”.
The absence of the broker’s responsibility for transaction delays in the User Agreement allows the company to act as it sees fit. This is what TradeEU Global does, according to user reviews on the web.
Is TradeEU Global the Right Fit?
The broker does not attribute to itself a huge period of work and a lot of awards, as scammers usually do. Meanwhile, it is important to recognize that the anonymous owners of the site operate without regulatory oversight, exposing traders to the risk of losing their funds. However, even if the company registers in Mauritius, the FSC license will not protect your investment in any other jurisdiction.
In a nutshell, it’s a scam, fraudsters talked me into funding my account, with a minimum deposit from $500, and then they wrote that there was a cheating transaction, so they blocked my account until they find out…