Investors Alert tradingspace.pro – Regarding falsely claiming association with registered Australian businesses or financial services licensees and their authorized representatives.
Online trading can be a lucrative and exciting way to invest your money, but it also comes with risks. There are many legitimate and regulated online brokers that offer a variety of trading products and services, such as forex, stocks, commodities, indices, and cryptocurrencies. However, there are also some fraudulent and unregulated websites that pose as online brokers, but are actually scams that aim to steal your money. One of these websites is tradingspace.pro, which is a suspected imposter entity that is not licensed by ASIC.
Products and Services:
Tradingspace.pro claims to offer online trading services in forex, stocks, commodities, indices, and cryptocurrencies. It also claims to provide educational resources, market analysis, trading signals, and account management. However, these claims are not verified by any credible source, and the website does not provide any details about its trading platform, fees, spreads, leverage, or execution. Moreover, the website does not disclose any information about its ownership, location, or contact details. This raises serious doubts about the legitimacy and transparency of tradingspace.pro.
Financial institution & regulatory license:
Tradingspace.pro is not a registered financial institution in Australia or any other jurisdiction. It is not authorized by ASIC or any other regulatory body to provide financial services or products in Australia or elsewhere. This means that tradingspace.pro is operating illegally and without any oversight or protection for its clients. If you trade with tradingspace.pro, you are exposing yourself to a high risk of losing your money and having no recourse or compensation.
Trader’s Reviews and Customer Service:
Tradingspace.pro does not have any positive or authentic reviews from its clients. On the contrary, there are many complaints and warnings from traders who have been scammed by tradingspace.pro. Some of the common issues reported by victims include difficulty in withdrawing funds, aggressive and misleading sales tactics, unauthorized charges on credit cards, account closure without explanation, and poor or non-existent customer service. Tradingspace.pro does not respond to any queries or complaints from its clients or regulators.
How do online trading scams operate:
Online trading scams like tradingspace.pro use various methods to lure unsuspecting traders into their trap. Some of the common techniques include:
– Creating a fake or cloned website that mimics a legitimate broker
– Offering unrealistic or exaggerated returns on investment
– Promising free bonuses or incentives for signing up or depositing money
– Using fake testimonials or endorsements from celebrities or experts
– Using social media or email campaigns to spread false or misleading information
– Using pressure tactics or emotional manipulation to persuade traders to invest more money
– Using sophisticated software or algorithms to manipulate the trading results or account balance
– Refusing to process withdrawal requests or imposing unreasonable fees or conditions
– Threatening or harassing traders who try to withdraw their money or report the scam
How to Safeguard Against Fraudulent Brokers:
To protect yourself from online trading scams like tradingspace.pro, you should always do your due diligence before choosing an online broker. Some of the steps you can take include:
– Checking the ASIC website or other reputable sources to verify the broker’s license and registration
– Researching the broker’s reputation and reviews from other traders
– Testing the broker’s platform and customer service with a demo account or a small amount of money
– Avoiding any offers that sound too good to be true or require you to act quickly
– Keeping your personal and financial information secure and never sharing your passwords or PINs
– Reporting any suspicious or fraudulent activity to ASIC or other relevant authorities
Tradingspace.pro is a suspected imposter entity that is not authorized by ASIC to provide online trading services in Australia. It is a scam website that aims to deceive and defraud traders of their money. You should avoid this website at all costs and only trade with regulated and reputable online brokers.