Think of trading with TradeBell Forex? Is this legit or scam broker? Read detailed TradeBell review to know all about this platform.
This content assures to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About TradeBell FX
TradeBell FX otherwise known as TradeBell.com is an offshore brokerage company with a lot of promises for forex traders. The company’s office address is based in London, United Kingdom.
Again, the broker offers different account types , but no valuable information can be extracted
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Deposit and Withdrawal
TradeBell Minimum Deposit:
TradeBell deposit is not clearly specified as nothing vital can be seen on the account packages. In contrast, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, TradeBell claims to accept VISA, Mastercard and PayPal. But, we discovered the broker only accepts crypto transactions via Bitcoin or Tether.
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!
TradeBell withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
TradeBell platform offers a simple trading platform and MetaTrader 5 (MT5). It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best 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.
As for TradeBell leverage, nothing is said. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Things You Should Know about This TradeBell.com Broker
First of, TradeBell.com has no financial authority overseeing its financial services. We diligently checked the registers of the Financial Conduct Authority (FCA) in the UK, but no broker by the name of TradeBell or company by the name of Trade Bell Ltd. was found there.
And that also means that the forex broker in question can not possibly be based in the UK either, because if that was completely so it should have also been licensed and authorized by the FCA in the UK, as is required by the British Law.
Further, this broker 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/ clients 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.
TradeBell License and Regulation
It is not far from believing that this TradeBell 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 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
TradeBell Forex located at TradeBell.com appears to be like a genuine trading broker, however, that cannot be ascertained. By all appearances, we would suggest traders steer clear from this broker as it likely a platform run by scammers. Therefore, we urge our readers to rely on regulated brokers like this or any licensed entity.
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