Do You Want to Know If ArgoTrade Is Legitimate or a Scam Broker?
ArgoTrade is a broker that our own clients have complained about. We have direct knowledge of what tactics ArgoTrade uses and the damage they do. It didn’t take long on ArgoTrade website to discover some problems with this broker. It’s unlicensed and located in Seychelles. This island paradise is home to many financial scams. That’s because its regulator body is quite lax and hardly does any regulation at all. It’s a great place to spend on vacation, but don’t sign up for a broker from there.
There Are Some Problems with ArgoTrade
We couldn’t find any information about the people who run ArgoTrade. There is no transparency. However, they do claim to be an ethical broker. That’s right before the brag about leverage at 1:300–higher than many regulators allow. They say they have low spreads but won’t give a number. This is ridiculous–customers should know enough about a broker before signing up for a license. However, this behavior is common with unregulated brokers.
Red Flags that ArgoTrade Could Be a Scam Broker
- No license
- No transparency
- Misleading statements
- High leverage
- Verified customer complaints
If You Need Fund Recovery from ArgoTrade, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.