In today’s fast-paced world, many people are looking for ways to make money online. Forex trading has become a popular way for people to make money from home, but it is important to be aware of scam brokers who can cause financial loss. One such broker is trustempire-exchange. In this article, we will provide a comprehensive review of trustempire-exchange and determine whether it is a legitimate and reliable broker.
Overview:
To provide a clear overview of trustempire-exchange, we have summarized some of the most important features and characteristics in the table below.
Feature | Description |
Regulation | Not regulated by any reputable financial authority |
Currency pairs | Offers a limited number of currency pairs |
Customer support | Limited support options, including email and phone |
Trading platform | Uses a proprietary trading platform |
Reputation | Multiple reports of scam activities |
Is trustempire-exchange Regulated?
One of the most important things to consider when choosing a forex broker is regulation. Regulated brokers are held to high standards of transparency and ethical behavior. However, trustempire-exchange is not regulated by any reputable financial authority. This means that the broker operates without any oversight or regulation, which puts traders at a higher risk of fraud and scam activities.
The website is currently parked for sale. It is clear that they are not currently operating and may be planning a new scam. Below screenshot is collected from Wayback Machine. The last screenshot was captured on May 13, 2022.
Warnings from Financial Regulations:
In addition to not being regulated, trustempire-exchange has also been flagged by financial regulators in several countries. For example, the Australian Securities and Investments Commission (ASIC) has issued a warning about trustempire-exchange operating in Australia without proper authorization. This warning should be taken seriously, as it indicates that the broker is operating outside the law and may engage in fraudulent activities.What Currency Pair Do They Offer?
Trustempire-exchange offers a limited number of currency pairs to trade. While this may not be a major issue for some traders, those who prefer to trade a wider range of currency pairs may find this limiting.
Customer Support:
Another important aspect of any broker is their customer support. Trustempire-exchange offers limited support options, including email and phone. This means that traders may have difficulty getting timely assistance if they encounter any issues with their accounts or trading activities.
Trading Method:
Trustempireexchange uses a proprietary trading platform, which may not be familiar to all traders. This could make it difficult for traders to adapt to the platform and understand its features and functionality. Additionally, the lack of regulation means that there is no guarantee that the trading platform is secure and reliable.
What Do Traders Think About trustempire-exchange?
A quick search online reveals that there are many negative reviews and reports about trustempireexchange. Traders have reported issues with withdrawals, poor customer support, and fraudulent activities. These reports suggest that trustempire-exchange is not a reliable or trustworthy broker.
What To Do If You Get Scammed?
If you have been scammed by trustempire-exchange or any other forex broker, it is important to take action immediately. You can submit your case through our website form. We will evaluate your case and will provide you with a free consultation. We will also provide you with some good recovery service recommendations to help you in recovering the lost fund.
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Final Thoughts:
In conclusion, trustempire-exchange is not a trustworthy or reliable forex broker. It is not regulated by any reputable financial authority and has been flagged by regulators in several countries. Traders have reported multiple issues with the broker, including poor customer support, fraudulent activities, and difficulty withdrawing funds. If you are considering using trustempire-exchange or any other forex broker, it is important to do your research and choose a regulated and reputable broker.
