Financial Commission Adds Trade99 as A-Category Member

It exploits human emotions and vulnerabilities surrounding unemployment and financial instability. This drives people to ignore red flags and continue funneling money into the black hole of H5.trade99.top long after it becomes clear it is a fraud. The message convincingly states they saw the recipient’s resume online and would like to discuss an open position that seems like a great fit. If the target expresses interest, the “recruiter” responds with details about a vague but enticing work-from-home job, boasting high hourly wages for easy tasks.

The bait and switch of the Trade99 app is just another reason that traders should stay away. The details of our Trade99 review have determined that this broker does not have adequate regulation to ensure the security of their traders. The first indicator of the Trade99 scam is that they give an address for an office in Hong Kong but aren’t actually located there. Their parent company, Nohelious International Marketing Operations, is based in the Dominican Republic.

Don’t Fall for the H5.Trade99.top Scam – Read Our Report

• After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds.
• There is a possibility of mistakenly flagging a legitimate product or website as a scam.
• The news, reviews, blogs and articles contained on this site are based on the author’s individual research and financial opinion.
• It exploits human emotions and vulnerabilities surrounding unemployment and financial instability.
• The scam begins with victims receiving messages on apps like WhatsApp for fake job offers.

Exactly with the same features and tools as on web trader, Android Trading App can be used anywhere, anytime. Finding out who is behind the site is a little trickier, which is never a good sign. A “whois” lookup on the domain name points to “namecheap.com” as the official registrar. Most legitimate companies don’t need to use a service like this to register their name, but it becomes pretty obvious why this registrar was chosen. The company offers a “service that offers privacy protection for your domain, keeping your sensitive data safe.” In other words, it hides the identity of the real owner of the site.

According to the statement released at the time, the new scheme will certify the PAMMs offered by different brokers. The news, reviews, blogs and articles contained on this site are based on the author’s individual research and financial opinion. If the customer needs any help during the procedure, a ticket can be opened through a service desk. Trade99 accepts withdrawal requests of minimum of 50 dollars per transaction. Trade99 was recently granted the ‘A category’ membership by the Financial Commission. Additionally, this membership has several advantages, and one of the most important is the protection of 20,000 Euros for every complaint filed.

✅ Connect with top professionals and fellow traders

If you want to close the Trade99 account but can’t get your funds back, contact our team today to see if a chargeback can work for your case. Since we started our reports about the RoyalsFX Scam and described the background and processes, victims of other scams like LincolnFX or Trade99 have come forward. In addition, based on our reports and findings, victims identified similar processes in other scams.

Customer service

After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. trade99 review The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises. Dealing with financial firms that are authorised or registered by us gives you greater protection if things go wrong. Check the Financial Services Register to ensure they are authorised or registered. It has information on firms and individuals that are, or have been, regulated by us. We believe this firm may be providing financial services or products in the UK without our authorisation.

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Created in 2009, MalwareTips is a leading cybersecurity community providing free malware removal tutorials, tech news, scams alert, dedicated help forums, user education, and security guides. It is believed international organized crime rings operate these types of scams to target English speaking populations globally. The anonymous nature of the internet allows them to remain unidentified. Targets lured in by the initial outreach on Facebook and Instagram are soon instructed to continue the conversation via WhatsApp or Telegram. This allows the criminals to operate in the less regulated messaging environment.

Traders with this broker are entirely in the dark, with no reliable expectations. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong. These fake recruiter profiles send out connection requests and messages to those looking for jobs, especially people who have openly posted about being unemployed or job searching.

Type of payment methods

The broker has four account types, and the standard account takes a $250 deposit to open. The broker has a weak selection of financial instruments, with a shockingly low amount of both currency pairs and CFDs. While the broker advertises a wide selection on their website, almost none of these are found on the platform itself.

• However, our Trade99 review discovered that only credit cards, bank transfers, and Bitcoin were actually accepted.
• Once hooked, the target is directed to H5.trade99.top, which is presented as the “training platform” they must complete to get hired.
• Unregulated entities can potentially abscond with your money without being held accountable.
• The bait and switch of the Trade99 app is just another reason that traders should stay away.

These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform. Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue.

Before investing in financial markets, please be aware that forex trading carries a high level of risk and can result in the loss of all of your investment. This fact should be taken into consideration by any trader who is planning to make profits by trading. It is not recommended to trade with capital which one cannot afford to lose.

For example, BTCwithcard (), which was used by scams as a crypto payment processor, vanished recently. However, the platform was only online for about one year and has now disappeared in the dark of the web with the money and data of the cheated customers. However, all claims of fraudulent activity should be independently verified by users. There is a possibility of mistakenly flagging a legitimate product or website as a scam. The H5.trade99.top recruitment scam on social media follows the same playbook outlined earlier. The criminals artfully progress victims through messaging conversations to the point of ultimately directing them to H5.trade99.top and its training program.

Here are answers to some of the most frequently asked questions about this unethical criminal scheme. They can provide guidance on pursuing criminal charges and civil lawsuits against the perpetrators, or suing negligent institutions that enabled the scam. Retain professionals who assist victims in tracing and recovering lost funds from online crimes. Reputable ones work on a contingency basis, only collecting a percentage of recovered money. This can significantly increase the chances of getting some financial relief.