If you are looking for a reliable and trustworthy online broker, you might have come across Trading-club. This platform claims to offer a variety of trading instruments, such as forex, stocks, commodities, indices, and cryptocurrencies. But is Trading-club a scam or a legit broker? In this review, we will examine the features, pros and cons, and reputation of Trading-club to help you make an informed decision.
Features of Trading-club
Trading-club is a web-based trading platform that does not require any downloads or installations. You can access it from any device with an internet connection and a browser. The platform has a user-friendly interface that is easy to navigate and customize. You can choose from different chart types, indicators, time frames, and trading tools to analyze the market and execute your trades.
Trading-club offers a wide range of trading instruments, including over 50 currency pairs, hundreds of stocks from various markets, commodities such as gold, silver, oil, and natural gas, indices such as Dow Jones, Nasdaq, S&P 500, and DAX 30, and cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. You can trade these assets with leverage up to 1:400, depending on the instrument and your account type.
Trading-club has four account types to suit different levels of experience and investment: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the Platinum account requires $50,000. The higher the account type, the more benefits you get, such as lower spreads, higher leverage, faster withdrawals, dedicated account manager, free signals, webinars, and educational materials.
Trading-club also provides customer support 24/5 via phone, email, live chat, and contact form. The support team is friendly and professional and can assist you with any issues or queries you might have.
Pros of Trading-club
- User-friendly web-based platform
- Wide range of trading instruments
- Competitive spreads and leverage
- Multiple account types
- Responsive customer support
Cons of Trading-club
- No regulation or license
- No demo account
- High minimum deposit for higher account types
- Limited payment methods
Reputation of Trading-club
One of the most important factors to consider when choosing an online broker is its reputation and credibility. Unfortunately, Trading-club does not have a good reputation in the online trading community. There are many negative reviews and complaints from customers who claim that Trading-club is a scam that does not process withdrawals, manipulates prices, closes trades without consent, and harasses clients with phone calls.
Moreover, Trading-club does not have any regulation or license from any reputable authority. This means that there is no guarantee that your funds are safe and secure with this broker. There is also no protection or compensation scheme in case the broker goes bankrupt or disappears. You are basically trading at your own risk with Trading-club.
Conclusion
Trading-club is not a legit broker but a scam that should be avoided at all costs. The platform has many red flags that indicate that it is not trustworthy or reliable. The lack of regulation or license, the negative reviews and complaints from customers, the high minimum deposit for higher account types, and the limited payment methods are all signs that Trading-club is not a good choice for online trading. You are better off looking for a regulated and reputable broker that offers a demo account, transparent fees and conditions, and excellent customer service.
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