TradeFills is an online brokerage firm that claims to provide trading services in various financial markets, including forex, stocks, indices, and commodities. However, in recent times, there have been several complaints and negative reviews about the company, prompting traders to question its legitimacy.
Is TradeFills a Licensed Broker?
The first red flag about TradeFills is that it is an unlicensed broker. The company is not registered with any financial regulator, and it operates with no oversight or accountability. This lack of regulation means that TradeFills can act with impunity and engage in unethical practices that can harm its clients.
Why Should You Not Trust an Unlicensed Broker?
Trading with an unlicensed broker is a risky venture, as you have no legal recourse if the broker scams you or mishandles your funds. Licensed brokers, on the other hand, are bound by strict regulations and are regularly audited to ensure that they operate in a transparent and fair manner.
Can TradeFills Be Trusted?
The answer is no. There are several complaints from traders who have had negative experiences with the company. Many clients report that TradeFills engages in high-pressure sales tactics, and their customer service is non-existent. Furthermore, the company has been accused of freezing withdrawals and manipulating prices to benefit its traders.
What Do Traders Think About TradeFills?
The internet is awash with negative reviews about TradeFills. Traders have reported instances of accounts being closed without notice, money is deducted from accounts without authorization, and deposits being withheld.
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