Affiliated Trade Group is a self-proclaimed forex broker that offers its services to traders worldwide. However, there is a growing number of complaints from traders who allege that Affiliated Trade Group is a scam. In this review, we will take a closer look at AffiliatedTradeGroup and its services to determine if it is a legitimate broker.
Affiliated Trade Group was established in 1998. Affiliated Trade Group says it has regional offices in Japan and Costa Rica, but its main office is in Zurich, Switzerland. However, it looks like the company doesn’t have a license in Switzerland from the Financial Market Supervisory Authority (FINMA).
Does AffiliatedTradeGroup Have Any License?
Affiliated Trade Group does not have a license from any financial regulator. This means that the company is not authorized to operate as a forex broker. Trading with an unlicensed broker is very risky, as there is no guarantee that your funds will be safe.
Is AffiliatedTradeGroup Regulated By Any Authority?
No, Affiliated Trade Group is not regulated by any financial authority. Moreover, the broker has been blacklisted by at least two regulators: Alberta Securities Commission (ASC) and Ontario Securities Commission (OSC).
To top it all off, clicking on “platform access” takes you to a different platform called Secure Trade FX. We couldn’t find any information about this company, so buyers should stay away from both of them and only deal with reputable agents.
Pros and Cons
- Unlicensed broker
- Not regulated by any financial authority
- Poorly designed website
- Numerous grammatical errors
- A growing number of complaints from traders
How Does AffiliatedTradeGroup Reach To Their Prey?
AffiliatedTradeGroup uses a variety of methods to reach its prey, including:
- Cold calling
- Email marketing
- Social media marketing
- Affiliate marketing
The company’s sales representatives typically target inexperienced traders who are looking for a quick and easy way to make money. The sales representatives will often make false promises about the company’s services and the profits that traders can expect to make.
AffiliatedTradeGroup does not provide any information about its trading platform or the trading conditions that it offers. This is another red flag and suggests that the company is not a legitimate broker.
The minimum deposit required to open a trading account with AffiliatedTradeGroup is $250. This is a relatively high minimum deposit, especially for an unlicensed and unregulated broker.
AffiliatedTradeGroup does not disclose the name of the trading platform that it uses. This is another red flag and suggests that the company is not a legitimate broker.
AffiliatedTradeGroup does not disclose the spreads that it charges. This is another red flag and suggests that the company is not a legitimate broker.
AffiliatedTradeGroup does not disclose the leverage that it offers. This is another red flag and suggests that the company is not a legitimate broker.
Packages and Products They Offer
AffiliatedTradeGroup offers a variety of trading accounts, including:
- Standard account
- ECN account
- VIP account
The company also offers a variety of trading instruments, including:
Withdrawal and Deposit Method
AffiliatedTradeGroup accepts deposits and withdrawals via a variety of methods, including:
- Credit card
- Debit card
- Bank wire transfer
What Do Their Previous Traders Say?
There is a growing number of complaints from traders who allege that AffiliatedTradeGroup is a scam. The traders allege that the company has refused to withdraw their funds or has manipulated the trading platform to make them lose money.
Summing Up- Why Should Not You Trust AffiliatedTradeGroup
There are a number of reasons why you should not trust AffiliatedTradeGroup:
- The company is unlicensed and unregulated.
- The company has a poorly designed website with numerous grammatical errors.
- There is a growing number of complaints from traders who allege that the company is a scam.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have been scammed by AffiliatedTradeGroup, you may be able to recover your funds. You can contact us to get a quick help. Our professionals will provide you with a free consultation and service recommendations to help you recover the lost funds.
File A Complaint Against Scam Broker's
AffiliatedTradeGroup is an unlicensed and unregulated forex broker. There is a growing number of complaints from traders who allege that the company is a scam. We strongly advise you to avoid trading with AffiliatedTradeGroup.
If you have any further questions or would like to discuss your case, please do
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