TopHoodFxTrade247 Review by Scam Helpers Team
Scam Helpers Team which has done a lot of work in researching for TopHoodFxTrade247 Review, advises investors not to invest in TopHoodFxTrade247, as it is suspected to be a potential scam broker. Read a complete TopHoodFxTrade247 review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
Address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines & 11 Church Road, Great Bookham, Surrey, England, KT23 3PB
Warning: Financial Conduct Authority (United Kingdom)
TopHoodFxTrade247 is an online trading broker that claims to be located in St. Vincent and the Grenadines and England. At first sight, the website of the broker looks good but the reality is different from their claims. They are an unregulated broker and got a warning from the authority of the Financial Conduct Authority (United Kingdom). In this TopHoodFxTrade247 review, we mention all the reasons why we declare this broker as a scam and include it in our scam broker 2023 list.
Risk is an integral part of every type of trading. A genuine investment provides the broker with an excellent opportunity to earn a profit if they make the right decisions. We have done profound exploration, looked at various brokers and trading conditions, and prepared a comprehensive list of scam brokers 2023 to aid your decision-making.
We include the name of TopHoodFxTrade247 here because it is not a legit broker. For fledgling brokers or clueless clients, TopHoodFxTrade247 will appear as a genuine investment opportunity for unsuspecting users and novice traders.
In any case, we are here to expose this broker and share with you the reason for presenting this TopHoodFxTrade247 review.
Warning signs of TopHoodFxTrade247 broker
After taking a look at their website, we found numerous warnings that should be enough for you not to invest in them. Some of the reasons why we include TopHoodFxTrade247 as an unregulated broker.
TopHoodFxTrade247 Review: Regulation And Safety Of Funds
Being an unregulated firm is the worst thing, and it makes you an exploitative cheat. TopHoodFxTrade247 is a scam, and your money is at risk.
By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.
TopHoodFxTrade247 Deposit And Withdrawal Methods And Fees
There is a reason why these fraudsters, as well as many other scammers, would frequently advise you to deposit in cryptocurrency. You cannot get a chargeback on such transactions because they are entirely irreversible and all of them are recorded in a ledger that cannot be modified later. Depositing money with scam brokers is therefore, rarely a good idea. If you have already invested your money with TopHoodFxTrade247, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.
With TopHoodFxTrade247, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.
Commitments of Ensured Benefits
Any moneymaking promises in the financial market come with a risk. Some brokers will attempt to let you know that their financier can assist you with turning ensured benefits when you utilize their platform.
If you get attracted by such brokers, there’s a chance of getting scammed by them.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is TopHoodFxTrade247 Legit or a scam: Final Thoughts
It is clear from the TopHoodFxTrade247 review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from TopHoodFxTrade247 and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Also, if you are a victim of the TopHoodFxTrade247 scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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