The AI2Trade company was a UK-based investment firm. Practically, there’s no reason to doubt them, given how strictly regulated the UK is. But we have to keep in mind that not all UK-based firms are legit. Or maybe they are not even registered in that country.
Nevertheless, if you want to know how to explore those details and keep your funds safe, stick with us. Our detailed AI2Trade review helps you understand all the tricks swindlers are using. We will also help you with tips on how to recover the money lost due to a trading scam.
Legal info: Is AI2Trade Legit or A Scam?
In general, when a company is registered in the UK, it’s expected to have an FCA license or at least the TPR (Temporary Permission Regime). However, that was not the case with the highly anonymous AI2Trade company. Not only that but the company can’t even be found in the register of founded companies in the United Kingdom.
So, registering offshore is the only way to keep anonymity at the highest level. Sadly, with the inactive company’s website, none of those details are publicly available anymore. Anyway, after numerous warnings that were issued, it’s not surprising the company disappeared. Therefore, we have to thank institutions like FSMA, CNMV, CONSOB, AFM, A-TVP, IOSCO, and Finanstilsynet.
Who are AI2Trade’s Victims?
Even though the company’s domain was purchased in April 2023, the company already managed to destroy its reputation. Traders who were defrauded by this firm didn’t hesitate to share their opinions about them. In this case, those traders come from:
- Italy
- Spain
- United Kingdom
- Germany
- Albania
If you are one of those victims, feel free to contact our refund experts for a consultation. Getting ahead of scammers is hard. Luckily, the first consultation is completely free. Don’t waste a chance to get funds back.
Traders Reviews
Generally, you know what’s up when you see more than 70% of negative reviews about the company. Not to mention, the total number is already 40 in less than one year. That’s why leaving comments can be quite helpful. Most importantly, when traders leave detailed reviews, it’s pretty easy to understand all the obstacles that are waiting for you, such as non-existent withdrawal fees, platform manipulations, etc.
We encourage you to do that in our comment section as well. But if you are just looking for a way to recover your money, send us a direct message and book your first free consultation.
Leverage, Commissions, Spreads, Fees and Taxes
The AI2Trade broker is not among the most popular with all unknown conditions. The company only revealed leverage of 1:200. Yet, if they were a UK-based and regulated broker, they would offer a maximum of 1:30.
Anyway, traders can easily realize that transparency is key to everything in trading. However, if the company is transparent but not regulated, it can still be problematic. If you want proof of that, check our PhoenixTB review.
Bonuses
One of the oldest tricks in the book to scam traders is through bonuses. Of course, everyone would like to grab some free money. Yet, the taste of it gets bitter later.
Once traders want to withdraw the money, numerous problems start. Sadly, it was all written in the bonus policy. Therefore, make sure to read it. Anyway, without an active AI2Trade trading firm website, we can’t explore if such options are available.
AI2Trade Trading Features
All trading-related features were completely meaningless. To be fair, it will always be if the company is not licensed. Some firms may offer auto trading, social and copy trading, advanced analytical tools, and even AI tools. In the end, none of that matters if the company is not licensed.
Trading Platforms Available
Obviously, with all the manipulations traders are reporting, there’s no chance the company was using trusted software. The best way for any scam firm to trick its victims is to use a manipulative platform.
For those purposes, there’s nothing better than a fictive web-based proprietary platform. That’s why choosing a Tier-1 licensed firm that uses cTrader or MetaTrader can make a big difference.
Available Trading Assets
Tradeable assets no longer play a big role in choosing a broker. Practically, almost all brokers offer pretty much the same assets with slight differences. With this one, you could trade:
- Forex – USD/JPY, AUD/SGD
- Commodities – gold, natural gas
- Shares – Tesla, IBM
- Indices – S&P500, NYSE
- Cryptos – BTC, ETH
Account Types
Generally, the company doesn’t seem to have specific account types. All traders have the same constant conditions regardless of the money deposited, which is quite cool to see.
But it’s obviously a trick. The company requires a minimum deposit of $1000 without any demo accounts, so even for a micro-account, you’ll have to put away $1k.
Mobile Trading App
Another huge disadvantage of this firm is a lack of trusted mobile apps. With AI2Trade trading company, traders have to use a web browser to access their accounts the whole time. But if you ever try any advanced trading strategy or use multiple tools, you will see why it is so complicated.
Read our Immediate Connect review to learn how traders get tricked into signing up for these scammy platforms.
Demo Account
A clear sign to stay away from a broker is if they are looking for a high deposit with zero transparency. It might be different if they were only offering a demo so we could test them out. Yet, they are not.
Not to mention, the company is forging to be regulated by some fictive institution. All in all, zero reasons to trust the AI2Trade Forex company.
AI2Trade Withdrawal
In general, the AI2Trade withdrawal seems quite transparent. There are no withdrawal fees, and the company clearly presents withdrawal options and processing time. Usually, it’s one business day.
However, lack of regulation gives them the power to make any excuse they want to prolong the process. Or even decline the request. So, watch out for those tricks and avoid paying any more money on demand.
Customer Support
One huge disadvantage of this company is a lack of trusted contact options. Not to mention, they don’t even reveal working hours. Yet, they present their support as 5-star rated. By whom? All in all, comparing this broker to any top-tier regulated one would be a shame.
Key Information To Consider About AI2Trade
A lack of regulations, misleading details, fake licenses, fake platforms, and hidden conditions are just some of the ways the broker will scam you. Not to mention, there are numerous negative reviews and warnings from regulators, and the domain has been changed to delude traders.
So, if you were a victim of the AI2Trade scam broker, don’t hesitate to start the chargeback process. This company didn’t hesitate to steal money from you; bear that in mind. Therefore, book a free first consultation with our refund team and find out what your next step is to recover the money.
FAQ Section
What is AI2Trade?
AI2Trade is a trading firm presenting itself as UK-based with more than 10 years of experience in the trading business.
Is AI2Trade Legit?
Definitely not. The company changed the domain to delude traders they are still legit. But after all the warnings, you know the AI2Trade firm is only a fraud.
How to Get Money Back From a Scam Broker?
Depending on the payment method used, you can choose different refund options. To find out what’s your best shot, contact our refund team for a free first consultation.
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