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Is AdultFriendFinder legit or a scam?
I have been a member of Adult FriendFinder for a whole month, and perhaps I can bring some value to this conversation.
First, I don’t think that any scam is involved here although there might be people who use the site to scam people unrelated to the site.
And I think that these “scammers” are on all types of dating sites.
I do know someone who had a bad experience, and a few other people who had a really positive experience, myself included. But I’ll explain some ideas why perhaps some people might get fooled easier than others on such sites.
SureTrader Review | Is it a Scam? Legit? Safe? Everything You Need to Know
SureTrader Review | Is it a Scam? Legit? Safe? Everything You Need to Know About Using SureTrader to Trade
How you view SureTrader may depend greatly on which SureTrader reviews you look at, and also which SureTrader customer you speak with.
Some of its users seem to love it while others have complaints about it, and claim that it is a scam. Below, we’ll go over the pros, cons, and positive and negative SureTrader reviews, and then we will provide our conclusive viewpoint regarding trading with SureTrader.
As a news organization, it is AdvisoryHQ’s policy to present an objective review, including presenting positive and negative reviews from other sources, as well as providing our own input regarding whether a company is a scam, legit, and safe for investors and consumers to use.
No Account Minimums and No Pattern Day Trading Restrictions
First, what exactly is SureTrader?
SureTrader is one of the largest and highest-profiled online brokerages when it comes to pattern day trading as it operates outside “pattern day trading regulatory jurisdictions,” and best of all, it has no account minimums.
SureTrader is a trading platform that thousands of day traders rely on every day to trade a wide range of securities, including OTC and penny stocks.
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One thing to note here is that SureTrader is NOT for U.S. traders. We explain below why the firm chose not to provide its platform to U.S. traders and investors. (In a nutshell, it has to do with SEC regulations.)
U.S. traders and investors can check out this page for U.S. based brokerage firms: Top Ranked U.S. Online Brokers to Trade With (Stocks, FX, Futures, Options, Bonds) .
The below AdvisoryHQ review of SureTrader provides a detailed review of the pros and cons of trading with SureTrader.
Note on Positive & Negative SureTrader Reviews Found on the Web
When it comes to online trading of any kind, especially that which involves penny stock trading, perception is often skewed by losses and gains, which are reflected on any SureTrader review you might come across.
If a trader makes a lot of money from an online trading site, they tend to be happy about using that online brokerage firm, and if that person loses money, they tend to look for someone to blame, and part of that blame often lands on the brokerage firm.
SureTrade is for Non-U.S. Consumers, and Here’s Why (SureTrader Review)
If you are based in the U.S. and are seeking top U.S. online brokers, then check out this category page: Top Rated U.S. Brokers (Stocks, FX, Futures, Options, Bonds, etc.) .
One of SureTrader’s most highly-touted features is that its clients are not subject to the U.S. Securities and Exchange Commission’s (SEC) pattern day trader rule . This is one key reason why SureTrader is not intended for U.S. traders and investors.
Under the U.S. SEC rule, U.S. trading accounts with less than $25,000 are not allowed to execute more than three trades in any 5-day rolling period. The purpose for the rule is to protect new traders from overextending themselves to disastrous results, but many traders don’t like the rule because it seriously limits their game and prevents small accounts from being turned into large ones quickly.
The SureTrader Advantage – Pros of Using SureTrader (Reviews and Rankings)
From our detailed SureTrader review, it seems that SureTrader is a great choice for day traders who are just getting started in the practice.
It is a great choice for experienced traders who are seeking a lot of trading leverage. With SureTrader, even those with small accounts can trade as much as they want, and can apply a higher amount of leverage than can be found at other online brokers.
It’s very easy and quick to open a SureTrader account with as little as $500, and you don’t have to wait until it grows to more than $25,000 to start applying some serious leverage – you can be as conservative or aggressive as you want with your trades.
What are the Pros and Cons of Using SureTrader?
Besides its unmatched customer support, there are a lot of pros when trading with SureTrader:
- Use licensed trading professionals whom you can contact via phone, email, or live chat.
- Setting up an account is quick and easy.
- Powerful Trading Tools include a wide variety of charting features and the ability to take advantage of advanced order types. Its free mobile apps make trading very convenient wherever you are.
- Get 6:1 intra-day leverage and 2:1 overnight leverage on marginable securities above $3.
- With its advanced trading software, orders are sent instantly using direct-access technology, making the process extremely fast.
- It’s easy to use SureTrader to trade penny stocks.
- As noted, the lack of pattern day trading rules means it caters to pattern day traders and those who are just starting out.
- Its extended hours make it possible to react quickly to news and events that happen when the market is closed.
- It has one of the longest stock lists of any online broker, with more than 10,000 stocks available for shorting.
Cons, Negative SureTrader Reviews & Points to Note:
Of course, no brokerage is perfect, and this wouldn’t be a fair and reliable SureTrader review if we didn’t list a few of the cons:
- SureTrader’s location in the Bahamas could be a downfall for some, though offshore jurisdiction is not entirely uncommon. With the International Business Companies Act, the Bahamas has become an established corporate and financial hub for many North American investors. SureTrader is listed under the Securities Commission of the Bahamas.
- Based on other SureTrader reviews, there seems to be instances lots of platform issues.
- In 2020, the founder of SureTrader, Guy Gentile was charged by the U.S. Securities and Exchange Commission for perpetrating penny stock manipulation schemes. In January of this year, Honorable Judge Jose Linares of the United States District Court dismissed the Federal Indictment brought against Mr Gentile by the United States Department of Justice.
- Bloomberg reported that the indictment was dismissed by a New Jersey court due to an expired five-year statute of limitations.
- Negative customer complaints posted on topratedfirms.com discuss fees on accounts with less than $5,000. Some customers also complained about the firm’s customer service, with one reviewer stating that “SureTrader’s terrible customer service, aweful platform, pricey fee structure, and bugg y software made me crazy.”
- SureTrader’s platforms only work on a PC running Windows. Mac users have to buy a special app/program, called Crossover, to be able to use it. SureTrader reports that the company is currently working on a better solution for Mac users.
- Other negative reviews included statements like SureTrader is an “unreliable company with no account insurance.”
If none of these things bother you, then you can compare SureTrader with other brokerages and see if it meets your needs.
Below is a comparison table of SureTrader vs. its immediate competitors.
SureTrader Commissions: How Much Does SureTrader Cost?
Based on an analysis of SureTrader reviews, the issue of SureTrader commissions seems to be somewhat controversial.
To a number of people who are just getting into day trading, the standard commission of $4.95 per trade for up to 1,000 shares seems like a high price to pay, while for the highly experienced, especially those who are into short selling, it’s a bargain.
In reality, that commission structure is among the lowest out there.
There are a couple of SureTrader fees to keep in mind, of course. For example, while deposits into an investor’s account are free, there is a $100 fee for outgoing wire transfers. Those will be incredibly rare, but it’s worth knowing about them.
Also, if you’re going to be a SureTrader accountholder, you need to stay active because there is an inactivity fee for investors who don’t make at least 15 trades in any quarter, which will cost you $50.
SureTrader Software & Data Fees
SureTrader boasts ofallowing its users to day trade freely, with “6:1 leverage and no pattern day trading rules” for its account holders.
3 Online Platforms for Different Users
The SureTrader service offers three separate online platforms for trading stocks, with its Mobile SureTrader and SureTrader ActiveWeb platforms being entirely free.
For more serious day traders, it has a platform called SureTrader Desktop, which is described as a much more powerful and intense software package that gives the trader a wider, more accurate view of the market for $50 per month.
Something to Consider – Location (SureTrader Review)
The company, a division of Swiss America Securities, Ltd., is located in the Bahamas and is regulated by the Bahamas Securities Commission. That means that there are tax implications to be aware of when using SureTrader, which we will get to later on.
It is well known that traders tend to be wary of offshore brokerages, so SureTrader has gone out of its way (via its marketing material) to proactively address any concerns that traders might have about using an offshore brokerage firm.
In addition to the usual marketing on its website, touting SureTrader as a great brokerage due to its wide selection of stocks, it also notes that it is controlled and regulated by the Central Bank of Bahamas and that its financials are regularly audited by BDO Chartered Accountants & Advisors of the Bahamas and submitted to the Securities Commission of the Bahamas.
It also notes that it adheres to anti-money laundering policies and that it insures all accounts as well as adheres to all IRS rules and regulations for offshore accounts.
SureTrader Review – Tax Filing Impact
Since your SureTrader account is located in the Bahamas, it can be affected by the Hiring Incentives to Restore Employment Act, which was passed in 2020.
Anyone residing in the U.S. who holds specified foreign financial assets with an aggregate value exceeding either $50,000 in a foreign bank ($100,000 if married filing jointly) on the last day of the taxable year or if the amount reaches $75,000 ($150,000 if married filing jointly) at any time during the taxable year is required to report certain information about these assets on Form 8938, which must be attached to Form 1040.
If you fail to report the account and any income received, the IRS can assess a 40 percent penalty on any amount you understate.
Keep in mind that if you use a brokerage in the U.S., that brokerage would be reporting that for you, and you would just report that amount on a line on your tax form and be covered.
SureTrader Reviews: How Easy Is SureTrader to Use?
Whether or not SureTrader is easy to use seems to depend on whom you ask or the SureTrader reviews that you read.
However, based on our SureTrader review and analysis, below are a couple of factors to note.
The layout is admittedly minimalist, with few bells and whistles, which can be a positive for serious traders who only care about buying and selling stocks.
However, as it seems that SureTrader’s main focus is on first-time traders who may be trying things out, that lack of sophistication may be a conscious decision to make things simpler to understand.
It is very easy to create an account with SureTrader and only takes a couple of days for approval.
If someone wants to sign up, they will have to scan a couple of pieces of identification and a current utility bill. It’s just that easy.
Should You Use SureTrader in 2020?
For anyone thinking of getting into day trading, getting into SureTrader penny stocks is probably a good choice as a beginning point. However, there are many aspects of the brokerage that seem like they’re not the best for experienced traders. Also this broker has received lots of negative reviews from existing and previous trading customers. So, “buyer beware!”
The best features that it offers make it a great option for new investors. Its major selling points include the fact that pattern day trading rules are not applicable, and its relatively easy-to-understand fee structure seems custom-made for a newbie or someone who doesn’t want to risk everything that they have at first. In other words, it is perfect for new investors, which seems to be SureTrader’s sweet spot.
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ’s affiliates. Click to view AdvisoryHQ’s advertiser disclosures.
ForTrade Review 2020 – Is ForTrade.com Scam or Legit?
|Name||ForTrade Review 2020 – Is ForTrade.com Scam or Legit?|
|Legal Entity||Fortrade Ltd|
|Full Address||United Kingdom, Chelsea, London, 81 Fulham Rd|
|Phone||+44 (0) 207 691 7996|
Fortrade is a leading provider of online forex, commodity and stock trading for both beginner and seasoned traders. The company delivers extremely fast trade executions through its cross-platform technology and intuitive, easy-to-use graphical user interface, allowing immediate access to 100’s of tradable instruments from the world’s leading financial markets.
Fortrade is authorised and regulated to operate brokerage services by the Financial Conduct Authority (FCA), the regulator of the financial services industry in the United Kingdom.
The broker’s strong points include:
• 30% Welcome Bonus (up to £3,000 on initial deposit)
• Regulated by the FCA
• Minimum deposit of only £100
• Over 300 tradable instruments
• Easy-to-use platform; available in multiple languages
Based in London, the company specialises in the development of trading platforms that are both technologically advanced and user-friendly. Fortrade is UK regulated binary options broker.
Focusing on user experience and simple usability, Fortrade offers a wide range of trading instruments, such as currencies, commodities, indices, ETFs, stock CFDs and more. It has operations in over 250 countries worldwide.
In order to differentiate themselves from other brokers and to simplify matters, Fortrade only offer one type of trading account. Traders can open a real trading account with an initial deposit of only £100. However, the recommended minimum initial deposit is £500. When opening an account traders are automatically provided a demo account, with the same functions as the live account, and a balance of £10,000 virtual funds for practicing trading in a risk-free environment.
Commissions and Spreads
The company does not charge any commission fee on trades, including on forex, CFDs, stocks and futures. Spreads are based on the difference between the bid and ask prices of tradable products, and typically range from 3 pips for forex; 0.1 pips and 0.5 pips over market for global indices and stocks, respectively; and $0.04 over market for leading commodities such as Crude and Gold.
Fortrade uses its in-house software to provide clients the ability to open trades and manage their portfolios at any time and from anywhere in the world. The company’s powerful trading platforms: Desktop, Web and Mobile Fortrade can be accessed from virtually all operating systems and handheld devices. Fortrade also delivers direct access to MetaTrader 4, one of the world’s most widely-used multi-asset trading platforms.
A downloadable version of Fortrade’s cross-platform trading system, Desktop Fortrader features a powerful trading solution for traders of all abilities. Preferred primarily by professional traders and institutional traders.
A fully online version of Fortrader, the Web Fortrader can be accessed from any Internet-capable computer or device. It contains all the advanced trading features, visualisations, tools and capabilities found in the Desktop Fortrader.
A fast and reliable online mobile trading application available for both Android and Apple. Traders can use it to get updates on market events and to open trades in a quick and effective manner from their phone or tablet – immediately as the action happens.
Deposits and Withdrawals
Fortrade offers multiple methods to deposit and withdraw funds, while taking special care to ensure clients’ funds are safe, reliable, and secure at all times.
The trading platform utilises SSL encryption to provide data confidentiality. It is possible to make a deposit and withdraw funds using credit cards, bank wire transfers, Neteller, Skrill and other e-wallets.
Fortrade’s support representatives are available via email 24 hours a day, 6 days a week and Live Chat support is available 24/5. Customer Support is offered in 6 languages: English, Spanish, Italian, German, French and Portuguese, but the website and trading platform are available in 8 languages. Those are the languages supported at current. Additional languages are being added from time to time.
Regulations and Safety
Fortrade is registered through the Financial Conduct Authority (FCA), Firm Reference Number (FRN): 609970. It is committed to upholding the highest standards for clients. The company subscribes to the FCA’s Treating Customers Fairly (TCF) which ensures businesses place the fair treatment of customers at the heart of their business model. Client money is held in segregated bank accounts at Barclays Bank PLC, this ensures that in the unlikely event of Fortrade becoming insolvent, funds held in these accounts will be protected from the creditors of Fortrade.
Leverage is the ability to trade a large number of securities with a small investment. At Fortrade the maximum leverage is 200:1.
Sign Up Bonuses
Fortrade offers a generous sign up bonus and other bonus offers. When a new trader makes their first deposit into his/her trading account, they will be awarded a 30% Welcome Bonus of up to £3,000. (Subject to terms and conditions)
Range of Services
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To anyone who reads this so-called “recommendation” – please note that Fortrade Online Trading has nothing to do with this post. This is a spam post. Fortrade is an FCA-regulated broker, and as such, we know that there is no such thing as “guaranteed profits” in any form of online trading. Please be very wary of contacting the person mentioned in this spam ad.
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My advice goes to anyone out there willing to invest. I was scammed of $5700 by these guys months ago and I had lost every hope I had of recovering my funds but i exercised patience and came across someone who helped me through the process of recovering all my lost funds back from them. If you ever need assistance with recovering your lost funds from your broker or maybe your broker manager has been asking you to make more deposits before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account. If you’re interested in getting all your lost funds back kindly get in contact with David Markson, he was the one who helped me get back my lost funds, contact him via his email :[email protected] gmail.com
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Have you lost $5k and above while trading on Binary Option? Have you tried getting your money out from your binary account and was unable to place a withdrawal? Have you found your self wading through excessively complicated terms which might seem impossible to meet, all because you traded with an unregulated broker? Do not panic, I have good news for you. I lost over $200k to an unregulated broker who stocked my trading capital and denied me access to my account. But thank God I have recovered all my lost funds, through the help of a certified binary recovery expert. if his assistance is needed, kindly get in contact with him via [email protected] and he will guide you on effective steps to take and get back all your lost funds in just few days
These people cannot process a withdrawal I invested $45,579.00 with the broker wise banc and won a bonus of $156,834.000 I wanted to make a withdraw and they can’t process it, I have been trying to get my money out since mid- July 2020. I have given them all my banking information: routing number, acct number . and they cannot manage to produce the withdrawal. I kept getting messages saying they are working on it, I wasn’t able to withdraw my money from the account, thought I was not gonna see this day but God so kind. I was able to get solution to my withdrawals issue with my broker wise banc with the help of a recovery expert Mr David markson whom was recommend on the broker reviews, who helped me recover my funds including my bonus, I would not trust wisebanc to ever make my withdrawal go through so I had to seek help elsewhere and they already closed my account. They seem dishonest, I am happy I could get back my money from them, I advise everyone out there to be very careful with the brokers they invest their money with, in case you are reading this and you are already a victim of this fake binary broker, there’s still hope to recover your funds, feel free to reach out to Mr David via his email address:[email protected] and he will guide you on a simple step to take and get back your investment. Good luck
One wouldn’t really think much of this, all I really wanted to do was invest and be part of it but the way I was misled by this brokers and it was terrible, to easily take money from all in the name of investment and when I wanted to make withdrawals every single attempt was fruitless with constant hassle to invest more I really can’t say more than I have already said. I would really consider myself to be one of the very few lucky ones as I was able to have my funds recovered from this scam Binary option brokers, although it was through unethical means as far I am concerned but what can I care after how my hard-earned funds where taken from me, these guys are the best in less than 7days all my funds including bonuses had been recovered, If your broker lost your funds trading Binary options or any other online fraud (recoverywealthnow360 @ gmail, com) will help you recover your funds.
Few months ago, i invested about $36,000 into this binary option platform with the aim of diversifying my trading portfolio. However, with my strict habits of growing my account 300% before taking profits, i never attempted any withdrawals, not until two months ago when i tried to withdraw but all effort was in vain. I called the account manager and explained the situation, he told me i would be able to withdraw after 4 working days which sounded shady to be very honest. 4days went by, still no withdrawals, i tried reaching out to the manager and customer service line but non of them were reachable till this moment. I shared my experience with my colleague at work, he introduced me to an International Recovery Firm (WWW.RECOVERYEMPIRE.COM). These people saved me and I had my claims after 6working days. Their professionalism was top notch
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Finally, I have been able to retrieve all my lost funds of about $390,000USD,which I never believed I would get again from an unregulated broker who stocked my trading capital for over 3 months now, and denied my access to my trading account. Traders whom has been scammed before, My advice out there is for you to be wise before you invest in any binary option trade or broker I’m so glad that I have gotten back all my funds back without stress, All thanks to my neighbor who introduced me to a certified binary option recovery expert through the aid of INTERNATIONAL RECOVERY AGENCY (IRA). Do you have funds that you wish to withdraw from your account, Is your Broker manager asking you to make more deposit before you can place a withdrawal? have you lost money from any investment online? , are you confused and you don’t know how to go about it? Contact MR DONALD Via Email [email protected], Mr Donald is indeed a good and polite man, He was the one who helped me to get back all my lost funds. He will guide you on the steps i took in getting all my refunds and bonuses back. I live happily now. Good Luck to you.
MICHELLE’S EXPERIENCE (Her testimony) – Traders who have been scammed before, my advise out there is for you to be wise before you invest in any binary option trade or broker. I was scammed $200,000USD by an online broker, but at last, LEGAL247RECOVERY , a website I found in reviews who helped me to recover all my lost funds back. It shocked my capital with an unregulated broker. If you need assistance with regards to your lost funds from your broker, or maybe your broker manager is asking you to make more deposits before you could make a withdrawal, or your account has been manipulated by your broker manager, or your broker has blocked your account, you can get all your lost funds back. I learned the hard way. I hurt my kids because my first son warned me prior, but I didn’t listen.
Exness Review – Is this Forex broker scam or legit?
My personal experience with Exness
I would like to base this review on my personal experience of trading with Exness. I want to share my experience with you.
Finding a legitimate forex broker is not a big issue as there are many trusted brokers in this industry, but finding one that suits your trading strategy best, can be a difficult task. You can read all the reviews you want, about a broker; it simply can’t tell you everything that you need to know.
I have joined several forex brokers, some of them are the biggest brands in this industry; and off course, I did my research before opening accounts with them. With every broker, I found something to be missing. I use different strategies in trading; one requires tight spreads, another one works only with 1:1000 or more leverage [using too much leverage can wipeout your whole account, but if you have a good strategy, you can use it to squeeze maximum profit from a trade while risking only small amount of money.] Anyway, my point is that I need certain features to use each of my trading strategies; for instance, I need fast-trade-execution for one of my scalping trading strategies.
After trying several brokers, I finally tried Exness and I am glad to have found this broker as it offers everything that I need. Following is a list of features I was looking for in a forex broker:
- Tight spread
- ECN account
- High leverage
- Supports multiple deposit/withdrawal options including Skrill
- Does not disallow any trading strategies
- Fast trade execution
- Good client area
- Fast withdrawal process
- Small fee
- Offer different types of accounts
- Customer Service/Support
Exness is offering fairly tight spreads in all types of accounts. I wouldn’t call these spreads the best, but they are better than what many other brokers are offering. I would give Exness 8/10 for the spreads it offers.
The ECN account at Exness is very good. The max leverage is 1:200. Spreads are very good. Exness deduct small commission on each trade. This account is very good for using scalping strategies. 9/10
Official MAX leverage advertised at Exness is 1:Unlimited, but this there are certain conditions to meet if you want to use it. The feasible option is to choose 1:1000 if you have a strategy that requires using such high leverage! 10/10
Exness currently supports eight different methods [including Skrill, formerly MoneyBookers] for depositing and withdrawing funds. These include WebMoney, Wire Transfer, CASHU, Excard, NETELLER, and more… 10/10
As far as I know, Exness does not block the use of any legitimate strategies. 10/10
Fast Trade Execution
One of the reasons why I left several forex brokers is slow trade execution in their trading platform. If you are using a scalping or any other similar strategy, then you need fast trade execution. Exness trade execution is very good; it is much faster than many brokers I used. 9/10
Out of all forex brokers I have used, Exness has the best features in client area. You can easily create multiple trading accounts, change leverage for any account, request withdrawal, and there are many other features! 10/10
Exness is one of few forex brokers who offer Instant-Withdrawal options. You can receive funds in seconds, literally! Exness processes most withdrawal requests automatically. 10/10
Exness charges small fee, or commission, on trades you execute in an ECN account. Their fee is much smaller than what many other brokers are charging. 10/10
Exness is offering several different types of accounts. Each account has a different set of specifications. 10/10
Exness provide 24/7 support. Their live-chat representatives are very helpful. 10/10
As you can see, Exness has everything that I was looking for in a broker. It took me a while to find the perfect broker for myself, but I am glad I finally found one, namely Exness. However, it doesn’t mean that this broker is perfect for everybody; perhaps another broker will suit all your needs. It depends on what your trading strategies are and what features you are looking for in a forex broker.
My overall score for Exness is 9/10 .
Before joining any forex broker, do a thorough research; find the broker that is offering best trading conditions that suit your trading style/strategies.
There are some other features that you may find interesting; for instance, Exness, like many other brokers, is offering trading contests from time to time.
Scam or Legitimate?
You should not worry about the legitimacy of Exness. This forex broker is 100% legitimate; they can’t get more legit then this! I mean, Exness is a legit forex broker who will always pay you your own money as well as the profits you make. You should not worry about Exness scamming you as that is not even remotely possible. It is a trusted and registered forex broker.
Update: I forgot to mention the online reputation Exness have. ForexPeaceArmy is a website that I trust. If you are worried about the legitimacy of a Forex broker, then head straight to FPA. I am not asking you to blindly trust all reviews at FPA; however, they can hugely help you in your online research. Below is a screenshot of current rating of Exness at FPA:
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