Tradecenterclub (tradecenterclub.com) is a company which provides investment advice and focuses mainly on forex trading. They boast about generating returns of up to 26% daily.
There is no sort of credible proof to support any of their claims which are too good to be true anyways. When we were investigating this service, we quickly realised the fact that they are just a bunch of faceless scammers operating anonymously.
If you were considering to open an account with them or want to know more information about this firm then continue reading our full review which will help you save your hard earned money.
Company and Support
Firms which offer investment advice have to be licensed by regulatory authorities.
Tradecenterclub represents an ICO which raises funds from retail investors for trading purposes and in return promises them with fixed returns. While we were trying to validate their services, we couldn’t find any certificates confirming licenses they must lawfully hold.
Since they have not revealed any of the license details, they are most likely to be operating illegally and are just filling their pockets with the clients money.
If you have any questions, the only way to reach support team is through a contact form provided on their platform. Will you trust an investment firm which does not care to provide basic telephone assistance? We wouldn’t.
How does Tradecenterclub Work?
This firm is said to be actively involved in trading forex. They state that they specifically trade USD/JPY, USD/CHF, GBP/USD and EUR/USD. Their alleged team of experts are using some kind of proprietary technology which is based on certain key technical indicators.
After going through all their narration, we still do not have any clue about their trading approach. We do not know whether they give more importance about fundamental factors or technical structure of the markets. There is no performance report revealing their returns over the years so in reality we do not know if they are profitable at all.
Looking at the lack of transparency it is very disturbing to say at the very least.
What kind of profits are offered
Forex markets has huge liquidity and provides trading opportunities 24/7. While there is a huge upside potential, if you do not know what you are getting into then your account will get depleted very soon.
This firm claims to generate returns of up to 26% daily which is impossible to deliver on a consistent basis. Here are the complete details of the investment packages:
Plan 1 – 16% Daily for 10 Business Days
Plan 2 – 26% Daily for 25 Business Days
The amount of money these criminals pocket depends upon their marketing skills. To grow their investors base and revenue they offer an affiliate program wherein they pay individuals to refer people on to their platform.
In addition to their commissions the affiliates are also provided with a bunch of promotional tools which will enable them to monetize their traffic effectively. It is not compulsory for the affiliates to be an active investor in order to get paid.
Deposit and Withdrawal
The minimum deposit amount is $10 and the minimum withdrawal amount is $0.10. The payment methods accepted by this platform are Bitcoin, Payeer and PerfectMoney.
We do not know if there are any transaction fees associated with deposits and withdrawals. The withdrawals are said to be processed instantly but sometimes can take up to 48 hours.
According to whois.com this domain was registered on 09/02/2016 and it expires on 09/02/2020.
This website has a global rank of 587,603 and it ranks 92,588 in Pakistan according to alexa.com.
This service specifically targets users from Pakistan and Georgia.
Is Tradecenterclub a Scam?
There is no sort of evidence to prove that they are a profitable trading firm in the first place.
If these so called expert professionals are so sure about their strategy why are they not offering a demo account so that the users can test out their methods and strategies in different markets and asset class. They are no offering that because they have no applaudable skills in forex trading.
Tradecenterclub Review Conclusion
Tradecenterclub is an illegal company which will get shut down in the near future. There are no trading professionals employed by them. Their firm is just a ponzi scheme which is guaranteed to rip you off sooner or later. If you were lucky enough to get payments from them, do not dream about financial freedom but understand the fact that they are unsustainable.