Trade212, a leading stock and forex investment site, has faced criticism from many users regarding unethical business practices and manipulation of finances. Investors have reported serious issues such as unauthorized withdrawals, account manipulation, among other issues.
Website: trade212.com
Website Availability: NO
Address: NA
Regulation: Unregulated
Warning: Not recommended by the review website like Lycan Retrieve
Domain Age:
Name-TRADE212.COM
Registry Domain ID-1589969200_DOMAIN_COM-VRSN
Registered On-2010-03-24T09:40:10Z
Expires On-2025-03-24T09:40:10Z
Updated On-2025-05-05T07:36:28Z
Unauthorised Withdrawals and Account Manipulation
Others claim that Trade212 obtained access to their bank accounts without their express consent and withdrew money against their will. Such allegations are alarming, especially for investors who relied on the platform for their financial information.
Withdrawal limitations and inadequate customer service
Another recurring complaint involves the difficulty in withdrawing funds. Users say they are forced to verify outdated bank cards-sometimes even those that are no longer in use. Despite repeated attempts, many report no progress in resolving their issues, often waiting several days for basic support replies.
Misleading Trade Prices and Hidden Fees
Many traders have reported large disparities between the prices shown while transacting and the traded values actually received. A few experienced losses of 5-7% because of these disparities. A few instances were recorded by users, where they were simply replied to with condescending justifications regarding “market fluctuations” without referring to the data they had recorded.
Investors also report being pressured to invest additional money, with some reporting they were spoken to poorly after turning down the offer. In attempts to withdraw previously invested funds, they experienced delays or outright unavailability, with emails bouncing and customer service unavailable.
FCA Involvement
With the increasing number of complaints, some investors have reported their concerns to the Financial Conduct Authority (FCA), citing a failure to be transparent and deceptive trading methods.
Frequently Asked Questions
Q: Is Trade212 a regulated broker?
A: Although Trade212 indicates that it operates under regulation, the type of recent complaints warrants closer examination.
Q: Are lost funds recoverable from Trade212?
A: Victims have sought redress through scam recovery services and legal avenues for recovering their money.
Q: How can I prevent myself from falling for platforms like Trade212?
A: Always check the regulatory status of a broker, read third-party reviews, and steer clear of sites with bad transparency or high-pressure sales.
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