An article in this week’s Financial Mail on Sunday with the Headline Avoid Tradesafer like the Plague raises all kinds of issues about the proliferation of online Trading platforms.

Tradesafer.com presents itself as a user-friendly platform, promising lucrative investment opportunities across various asset classes, including stocks, commodities, and cryptocurrencies.

The Tradesafer Website offers investment plans from a Basic Level of $1000 minimum investment to a Veteran Level of $ 50,000O. These initial offers are mainly sold via some very heavy Telesales, and once hooked, further serious Teleselling takes place to part you with more of your money.

On one page of the Tradesafer Website, they state they are a registered UK Company with an office in the City of London, but quote a Company number which belongs to a similarly named Company which is involved in the Construction Industry.

The article in the Financial Mail can be found at www.dailymail.co.uk/money/experts/article-13011589/Avoid-Tradesafer-like-plague.

Reviews on Trustpilot show a mixture of glowing 5-star reviews and negative 1-star reviews with the Headlines Scammers. SCAM alert. Big Scam. The 5-star reviewers all have one fact in common: their only review is the Tradesafer review.  The negative reviewers suggest many people have lost a lot of money, with some very substantial sums involved. www.trustpilot.com/review/tradesafer.com

Tradesafer has come to the attention of the Regulatory Authorities, not our FCA but Australia’s Financial Regulator, who published a warning about Tradesafer around a month ago. Looking at the FCA’s Website, 8 warnings were published yesterday alone about similar-styled trading Companies.

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