TradeATF is a highly recognized financial brokerage platform established in 2013 and owned by Hoch Capital Ltd. It has become the most active brokerage firm, with thousands of traders using its services. However, there have been several allegations regarding TradeATF’s legitimacy, specifically its reputation as a scam broker. Thus, this review seeks to provide comprehensive information about TradeATF and help traders make informed decisions about whether or not to engage its services.
Overview
TradeATF is a CFD trading platform. Its focus is on offering trading services on a range of financial instruments, including commodities, currencies, indices, and shares. The platform provides access to Meta Trader 4 and Web Trader, which enables traders to engage in automated trading, trading algorithms, and expert advisors. One of the benefits of TradeATF is that it offers exclusive trading education programs, where traders can learn various trading strategies.
Is TradeATF Regulated?
TradeATF is owned by Hoch Capital Ltd. registered in Cyprus. Cyprus Securities and Exchange Commission (CySEC) regulates the firm, with license number 198/13. Additionally, TradeATF is registered with the International Financial Services Commission (IFSC) and has been granted a license number 000331/49. But, all of these licenses are suspended by the CySEC. YOu can find this firm name in Former Investment Firm section.
Warnings From Financial Regulators
There have been several warnings from financial regulators and third-party watchdogs, concerning TradeATF’s conduct. The Financial Conduct Authority (FCA) of Britain named TradeATF on its list of potentially fraudulent brokers. Additionally, the regulator has urged several traders who have experienced fraudulent behavior and advised prospective traders to avoid engaging with TradeATF.
What Currency Pairs Do They Offer?
TradeATF boasts a wide variety of over 350 trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Currencies offered include major and minor currencies such as USD, CAD, JPY, AUD, EUR, GBP, CHF, and NZD. But, we did not get a chance to check the pairs as they require you to open an account first.
Customer Support
TradeATF offers customer support services available 24/7 via live chat, email, and phone. The support is available in English and German, meaning that traders from various backgrounds can get help with their trading needs and queries. But, when we knocked on them, we did not get any response or later email.
Trading Method (MT4/MT5/Other Method)
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the only Trading Methods available on the TradeATF platform. We tried to use the platform, but we did not find any demo of these. That means, without any account, or investment you cannot see their platform details.
What Do Traders Think About TradeATF?
Several traders have complained about the platform’s fraudulent behavior. These complaints range from faking trades, not honoring withdrawals, or even manipulating of market prices to make profits. These complaints suggest that TradeATF may not be a reliable financial broker.
What To Do If You Get Scammed?
If you get scammed by any unregulated or unlicensed broker like TradeATF, yo should contact Premiumreoup.com. We will analyze your case and will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
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Final Thoughts
Based on the information gathered in this review, TradeATF has some positive attributes, such as customer service availability, flexible trading accounts, and MetaTrader’s automation options. However, TradeATF’s history of regulatory violations, fraudulent practices, and numerous warnings from third-party entities raise serious concerns. Overall, prospective traders should approach TradeATF with caution. Traders should also appreciate that engaging with TradeATF is at their own risk, and they should conduct their research and confirm brokers’ legitimacy before depositing their funds.
