TradingTeck.com Forex Broker Review (2020) – SCAM

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TradingTeck Brokers

TradingTeck is an unlicensed offshore Crypto Currency & Forex CFD broker, which opened in November 2019. Like many people, we also were directed to this broker, when we signed up for the fake “Bitcoin Profit” auto trading app.

TradingTeck is officially owned by: SecVision Limited and located along side hundreds of other shelf corporations at: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines. They are probably actually located in Estonia, as their contact phone number is: +3726104241. From the United Kingdom try: +441224085031. Customer support email address is: [email protected], and the official website is: TradingTeck.com.

For withdrawal problems and complaints, read this.

TradingTeck Broker Review – TradingTeck .com is a SCAM. Do not trust this broker!  

TradingTeck Review

Our review of the TradingTeck CFD trading app, shows that clients and investors can use a simple web-based trading platform. The trading platform allows for trading on; Crypto Currency, Forex, Stocks, Commodity and Market Indexes. No MT4 or MT5 trading was available, but they do offer an Android mobile trading app.

Six different account types are offered by TradingTeck Broker, with the minimum deposit starting at $250. Bonus money is printed in big bold letters, but most people don’t understand that there is no such thing a free money from a broker. It comes with strings attached so make sure to read the terms and conditions on their website.

Many CFD brokers offer the same assets to trade. The main difference between brokers is their regulation, leverage / margin rate, and their spreads. Leverage at TradingTeck is 1:100 up to 1:400, whereas by regulated brokers in Europe, leverage is limited to 1:30, read why.

Automated trading apps like CryptoSoft, are advertised via “Fake News” articles on Facebook. Before using an automated trading app, you should do some more learning, and you’ll find that 99% of them lose money.

Is TradingTeck a Legit Broker?

No, TradingTeck is not licensed or regulated by the FCA.

The way that Scam Broker Investigator reviews a new CFD broker to know if they are legitimated or a scam, is by checking for a valid license from government regulatory authority. All Forex and Crypto brokers, must be licensed and regulated by the government agency in your country. For example; ASIC in Australia, the FCA in United Kingdom or BaFin in Germany.

 

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