Are you a forex trader? Look to trade with PoloTrade365 broker? Before you do exactly that, carefully read complete PoloTrade365 review to know about this platform.
This content promises to share helpful review to support clients/traders in making the right decision.
PoloTrade365
PoloTrade365 also known as PoloTrade365.com is an offshore brokerage company with a lot of promises for forex traders. Here the contact informaton of the broker shows London, United Kingdom.
What is more, the broker offers different account packages like Tour, Gold Pro, Platinum, VIP, Polo, and Polo Group.
Further, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
See section below—-
Deposit and Withdrawal
PoloTrade365 Minimum Deposit:
PoloTrade365 deposit is indicated $250 based on the account type. In comparison, the good thing about a licensed FX broker is that Minimum deposit is made known to traders, and clients can start trading as low as $100 .
As for the payment methods, the broker claims to accept Credit card or Debit card. Also, option of cryptocurrency transfer is allowed by the broker.
Just so you are aware, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process:
PoloTrade365 withdrawal process is stated 3 to 5 business days and as for withdrawal fee, the broker claims zero charges on any withdrawal request.
PoloTrade365 Platform:
PoloTrade365 platform only offers web based trading platform with no mention of MT4 or MT5 (Industry standard trading platforms). The good things about MT4 or MT5 are features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Regrettably, many scammers have trading software to fool their victims that their money is being invested.
As for PoloTrade365 leverage, it can get up to 1:100. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Why PoloTrade365.com Is A Suspicious FX Broker
First of, PoloTrade365.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit. Based on our search, PoloTrade365 appears anonymous and does not have any regulation/ register with the local FCA, UK where it claims to have an office.
More so, the platform does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
PoloTrade365 Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
PoloTrade365 located at PoloTrade365.com claims to be a genuine trading broker, howbeit, that cannot be verified. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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