Trassat, an offshore brokerage firm, makes a lot of promises to traders. The broker claims to have been registered with the United States Securities and Exchange Commission. The broker also offers various account packages, such as – See below
The broker also offers many instruments such as forex, stocks and commodities, crypto, bonds, and indices. It also offers a zero spread difference between Buy/Sell.
Clearing the air, traders should know that they are dealing directly with an unregulated broker .
Deposit or Withdrawal
Trassat Minimum Deposit:
Based on account type, minimum deposit for Trassat is $250. A genuine FX broker will make sure that traders know the minimum deposit and clients are able to trade as low as $100
The broker seems to accept Visa, Mastercard and Maestro as payment options. This broker is not recommended for you to make any payments.
Offshore brokers are well-known for accepting crypto currencies. This is because payments made via this method can only be traced back to the wallet address and not to any individual. Be careful!
Trassat FX does not provide any information about withdrawal fees or processing times for withdrawal requests. The broker does not provide any clear information on the trade requirements required before withdrawing.
If the 3.5% service fee exceeds $30, traders will be charged a $30 withdrawal fee.
Trassat platform provides a web-based trading platform, not MT4 and MT5 (Industry standard platforms for trading), which makes it even more dangerous to trust this broker. Scammers use trading software to trick their victims into believing that their money has been invested.
MFCapitalFX leverage does not appear to be clearly indicated. We strongly advise against doing business with unregulated forex brokers like this one. You could lose your money.
Why trassat.ca Is A Suspicious Broker
Trassat.ca does not have a financial authority that oversees its financial services. This is one of the most common yet ambiguous remarks made by scammers. Our search did not yield any results for this broker in the NFA Register, let alone licensing by NFA, USA.
This broker doesn’t offer a money back guarantee, which means that trading on this platform is a risky business. Your money will not be refunded.
Forex traders should be aware of these drawbacks in order to avoid losing their money by dealing with a scam broker. Before depositing funds for trading, it is a good idea to check whether the broker has been licensed and regulated by financial authorities.
Trassat Licensing and Regulation
This broker is not licensed. This broker is not subject to any financial regulation, which makes it risky to wire your money for trading. Unlicensed or unregulated activities are a red flag that must be avoided.
COMPARE TO A TRUSTED BROKER
Fortrade is a UK-based broker located at Michelin House 81 Fulham Road London SW3 6RD, United Kingdom. Fortrade is one of the most respected brokers in the business, offering trades in a variety of assets, including stocks, commodities and currencies. Fortrade is licensed and regulated by both the FCA (Financial Conduct Authority), in the UK, and ASIC in Australia. Client funds are safe. They are open to traders from all over the world. Visit their official website