Want to Trade with Trade Alliance? Read This First!
Trade Alliance may look good up front. However, it doesn’t take much digging to find problems with this broker. It has a well-designed website, but seems to have terms and conditions. However, it’s dodgy in its claims of licensing. For instance, it says it’s run by a licensed entity. However, there is no proof of the connection between Trade Alliance and regulators and there is no mention that it’s licensed on the FCA website. All UK-based brokers must have an FCA license. This isn’t a good sign.
Is Trade Alliance a Scam or Legitimate?
There are some telltale signs that Trade Alliance doesn’t have an FCA license. It offers a dangerously high leverage at 1:500, which isn’t allowed by regulators because of the risk to clients. Trade Alliance also encourages clients to make deposits in cryptocurrency. Many scam brokers prefer crypto because it’s easier for them to anonymously disappear with funds. Also, Trade Alliance doesn’t offer high quality trading platforms like MetaTrader 4 or 5.
We Found Problems with Trade Alliance:
- Not regulated
- Negative reviews
- No transparency.
- No contact information
What You Should Do If You Have an Account with Trade Alliance?
You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!