According to the company, TradeBetta, an investment firm, operates from the UK under the ownership of Trade Betta LLC. Hopefully, we will see these details backed up with facts.
After going through the entire website and some regulatory databases, we highly doubt it. But we’ll avoid jumping to conclusions and present you with all the key details in this TradeBetta Review. Make sure to read it carefully!
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | UK (allegedly) |
| Operating Since: | 2022 |
| Trading Platforms: | N/A |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $500 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos, stocks, Forex |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Withdrawing funds from unregulated companies is always a mysterious journey. Especially if the company is not fully transparent. Therefore, you can expect a lot of issues with this firm and if any problem occurs, contact us for advice. |
Legal Info: Is TradeBetta Legit Or A Scam?
The first thing you notice about this company is that they present themselves as a UK-based firm. Yet, none of the registers in the United Kingdom reveal their existence. Neither does the company reveal registration details. On top of that, as an investment firm, the company should have an FCA license. And yet, they can’t be found in the FCA register. So, what does this tell you?
It only reveals that the company is not fully transparent with any of its customers. However, they expect you to trust them on their word. For instance, to provide strong security. Or use the best payment option – cryptos. Or that the company has 369k active accounts. In reality, none of this is true.
Who Are TradeBetta’s Victims?
Since the TradeBetta reviews practically don’t exist, it’s quite hard to determine what are their target areas. But the website traffic analytics lead us primarily to two countries:
And now we have to mention discrepancies with this firm. Isn’t it strange that the company with 369k clients has no reviews? Not to mention offering investment services in countries where regulation is mandatory. All in all, you shouldn’t trust these things because if they were true, they would be far more popular. But also licensed.
Anyway, if you get caught in this scam, feel free to reach out for refund assistance. And don’t forget to leave your comment below with your experience with this firm. Be helpful to other potential victims.
Leverage, Commissions, Spreads, Fees and Taxes
It’s important to realize that TradeBetta investment firm doesn’t reveal any trading costs whatsoever. Practically, you just invest a certain amount of money, and without any fees they make it work out for you.
If you think about it, how do they pay for access to markets, their investment fees, etc? Only with your money — if they are doing it at all. But most likely, you are just transferring money straight to their pockets.
Bonuses
As can be seen, TradeBetta pricing plans don’t reveal any bonus deals. To be fair, is there a need for that if they can make you a fortune while investing with them? Definitely not. But still, bonuses can be a good trick to extort more money from customers.
To learn some more tricks, make sure to check our Globalinwest review as well.
TradeBetta Trading Features
Just briefly mentioned, we can realize that TradeBetta plans might include the auto-trading feature. The company advertises a system picking trades for you. That’s never a good sign, and it mostly doesn’t end well. Primarily because the company itself often manipulates those systems.
Trading Platforms Available
When it comes to the trading platform, the company only provides a web-based dashboard. That’s where you can track the company’s current investments and your balance.
Thus, with the company’s low transparency, there’s a high chance that the whole platform is completely fictive.
Available Trading Assets
Since traders are not trading themselves, a wide range of assets is not quite necessary. If the company knows what they are doing with what they have. That’s why we can’t make it as a bad thing that the company only offers investments in:
- Forex USD/AUD, EUR/JPY
- Stocks Amazon, Tesla
- Cryptos (mainly cryptos) BTC, ETH, LTC
Account Types
The company’s account types differ only in the minimum deposit requirement and the tradeable assets. Still, all the crucial trading information, like fees and commissions, remains unknown. Anyway, the options are:
- Stocks – $1.000
- Forex – $2.500
- Cryptos – $500
Strategically they have made cryptos the cheapest. This way they make sure you choose the option with the lowest risk and the one that works for them the best.
Mobile Trading App
The company has allegedly been offering mobile access to the platform. Thus, it’s not through trusted iOS and Android apps but a web browser platform. This tells you how good their technology and development are.
Demo Account
Overall, investment firms rarely offer any risk-free or trial programs. Either you trust them or not. But you will often have many reasons not to trust them at all.
In any case, for trading on a demo, we suggest you choose any Tier 1 licensed brokerage to avoid any surprises. But before that, make sure to read our Cosetek review.
Education
Another downside of this company is a lack of educational programs. Yes, you trust them with the money. But how can you understand anything they say to you? You can’t unless you are properly educated. And that’s exactly the catch. They want their clients uneducated so they can swindle them around.
TradeBetta Withdrawal
As a result of missing TradeBetta regulation, you can’t see transparent legal information, T&Cs, or withdrawal policy. The company is simply not obligated to share any of these. Therefore, the withdrawal procedure becomes even more complicated. Especially since the company mainly promotes crypto transfers.
If the TradeBetta scam company comes up with a non-sense excuse to decline withdrawal, there’s one thing to do. Apply for a refund immediately.
Customer Support
Generally, the company’s support options and working hours look promising. From Monday until Saturday, between 8 AM and 5 PM, you can reach them via phone, e-mail, or live chat.
However, with a lack of reviews, it’s hard to determine if the company’s support is useful at all.
Key Information To Consider About TradeBetta
The key problem is the TradeBetta withdrawal. The company lacks regulatory oversight and transparent legal documents. Consequently, anything is possible. Not to mention, the company claims to have almost 370k clients and zero reviews. Things simply don’t add up.
Therefore, we strongly advise you to request a withdrawal immediately. In case you have trouble with it, contact our refund experts for a free first consultation.
FAQ Section
What is TradeBetta?
TradeBetta is an investment firm operating under the ownership of Trade Betta LLC, which is allegedly based in Nottingham, UK.
Is TradeBetta Legit?
No. The company operates without a license, transparent legal documents, and registration details.
How to Get Money Back From an Investment Scam?
Since this firm is polarizing crypto transfers, you will most likely need our CipherTrace tool access to track your crypto transfers. For more details, feel free to contact us.
Source:
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