Towardssource.com is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, and fast execution. But is this broker trustworthy or just another scam? In this review, we will examine the features, regulations, and reputation of Towardssource.com and help you decide if it is worth investing with them.
First of all, let’s look at the regulatory status of Towardssource.com. According to their website, they are owned and operated by a company called Toward Source Ltd, which is registered in St. Vincent and the Grenadines. However, this does not mean that they are regulated by any reputable authority. St. Vincent and the Grenadines is an offshore jurisdiction that does not have any strict rules or oversight for forex brokers. This means that Towardssource.com can operate without any accountability or transparency and can easily manipulate or defraud their clients.
Secondly, let’s look at the trading conditions offered by Towardssource.com. They claim to have four types of accounts: Basic, Silver, Gold, and Platinum. However, they do not provide any clear information about the minimum deposit, leverage, spreads, commissions, or other fees for each account. This is a red flag that indicates that they may have hidden charges or unfavorable terms that can affect your trading performance and profitability.
Thirdly, let’s look at the trading platform and tools provided by Towardssource.com. They claim to offer the MetaTrader 4 platform, which is one of the most popular and reliable platforms in the industry. However, when we tried to download and install their MT4 software, we encountered several errors and warnings that suggested that their platform is not secure or authentic. Moreover, they do not offer any other trading tools such as indicators, signals, charts, or educational resources that can help traders improve their skills and strategies.
Finally, let’s look at the customer service and reputation of Towardssource.com. They claim to have a 24/7 support team that can be reached via phone, email, or live chat. However, when we tried to contact them via any of these channels, we did not receive any response or assistance. Furthermore, when we searched online for user reviews and feedback about Towardssource.com, we found many negative comments and complaints that accused them of being a scam, a fraud, or a rip-off.
Based on our research and analysis, we conclude that Towardssource.com is not a legit or reliable broker. They are an unregulated and unprofessional broker that may expose you to high risks and losses. We advise you to avoid them at all costs and look for a more reputable and trustworthy broker instead.
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