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TradelightFX does not guarantee any safety of your funds, and you will end up making the anonymous founders rich. The safety of your funds is highly determined by the level of transparency a company showcases
TradelightFX is an offshore forex broker who brags about over 10 years of experience in the trading world. However, we expect them to offer incredible customer service. Hence as you read this unbiased review in the quest to find out if the company is a scam or legit, we highlight some of the Red flags they showcase and why your funds are at great risk.
Meanwhile, legit forex brokers use a reliable trade approach, and you will earn reasonable returns on your investment. TradelightFX’s website is poorly done. You can immediately notice the red flags they showcase at first glance.
Furthermore, you can access the services they offer through web traders or via the app. They give you access to more than 300 assets to invest and start benefiting from. They offer services in Commodities, Indices, and Stock. However, trading is not child’s play, and you should have some knowledge before making any investment steps.
Accordingly, the trading world faces high volatility, and you should invest while applying risk measures such as stop-loss take profit, among others. Also, transparency is what most expert investors look for before making any deposits. Therefore if you are still in doubt as you read further, you might reconsider your thoughts.
TradelightFX.com features a section with market shift prices on various currency pairs: AUD/USD, EUR/USD, and JPY/USD. Even so, the prices barely change, and you may be surprised to find out the same data is never updated. Accordingly, your funds are at risk, and personal information may end up in the wrong hands. This is because the founder’s information and that of the employees is hidden from customers raising even more doubts on the platform.
They assure you of super-fast trade executions and expert-level services. Meanwhile, there is no single data showing any qualifications or proving that you are dealing with experts. They also claim to combine various elements to offer an unforgettable experience for institutional traders.
Furthermore, they promise newbie traders an opportunity to invest and benefit profitably from the platform. Thus you would expect to find helpful educational content to aid in becoming a successful investor. They do not have any reliable education content, and the information they showcase is a basic knowledge you can gain for free across social media.
TradelightFX claims to offer award-winning customer support round the clock. You also get to receive free forex signals and protection against negative balance. Accordingly, how the company software operates and the algorithm it uses is unknown. Hence the risk of operation with tools that will generate losses is very high under this shady broker. Hence it would help if you stayed away from TradelightFX.com. They also feature trade news that barely has any updates.
How Tradelightfx.com Operates
TradelightFX.com urges you to take advantage of one-time offers and a welcome bonus of up to 50%. They also promise you high attractive bonuses that will easily lure you into making deposits. Thus it would help if you always were cautious of such investment firms that operate in a similar likelihood. Scammers barely have any reliable trading approach. They often promise you high unattainable figures overnight as they project accordingly once you fall for the catch and make deposits that are the end of business between you and them.
The calls and alerts through various sources that you were receiving get blocked once you make a deposit. Consequently, they may block your details from accessing any of the services they render to you. They will further postpone the due dates for profits until you finally give up, and for some transactions, they are hardly reversible. Meanwhile, we can definitely confirm that no trading activity is taking place on the platform. Also, they may be attracting results that are barely pleasing to showcase as past trade data.
TradelightFX does not guarantee any safety of your funds, and you will end up making the anonymous founders rich. The safety of your funds is highly determined by the level of transparency a company showcases. Accordingly, past trade transactions for at least 3months or more are highly helpful since you will not receive any preferential treatment. The anonymous founders will keep funds in their personal accounts, and when they face bankruptcy, they will eventually disappear from the market.
TradelightFX has various funding methods; Visa, Mastercard, Skrill, and Netteller, among others. Accordingly, for withdrawals, there is not a single data known. They do not provide any banking information that shows your funds are safe. There is no refund policy that you can use to claim your funds if you are unsatisfied with the services. Meanwhile, they should at least feature a demo account to familiarize themselves with the company before finally making deposits.
TradelightFX provides a location address: 4th floor The Harbor Centre, 42 N Church St, George Town, Cayman Islands. However, during our research, it turns out the address has nothing to do with the company and is entirely made up to seem legit. Furthermore, working customer support is highly important because it creates some trust with the entity. Accordingly, TradelightFX has telephone contact: +1(217)2161220 that you can use to reach them for a y company-related query.
Working customer support helps in gaining more trust with trading platforms. However, scammers also use similar information in an attempt to lure you into making deposits. There is no guarantee you will receive any response towards your query, and you should always receive an instant response or at least in a reasonable time span.
TradelightFX does not fall under any regulatory body, and the company is illegally in operation. Regulated brokers often showcase evidence of regulation, and this, in turn, generates more customers into the company. Accordingly, the founders risk facing criminal prosecutions, which could be why they hide similar data from customers. The founders can barely afford to pay regulation fees; hence, they make up false documents and registration data.
Unregulated companies end up facing bankruptcy, or they hardly survive the market. So they risk facing closure or disappearing at any given time with all your funds. Different countries have set up measures to protect citizens from scammers, and you should only invest with platforms that adhere to regulatory guidelines. TradelightFX may also go against the set measures that govern trades since they are not bound to any laws.
TradelightFX does not operate in any recognizable manner. They promise high returns that are hardly attainable within the time frame of the project. Additionally, they claim to offer expert-level customer support, whereas they do not showcase any qualifications that they hold. Even so, they should at least feature past trade results for a couple of months before claiming to have changed customer lives. The platform was anonymously brought to the market, and they use false allegations to attract customers.
Therefore you should make wise decisions when it comes to investing. Trading through these transparent brokers that use a legit tested and tried approach to attract reasonable returns for you. Avoid TradelightFX at all costs and any tempting offer they give you.