Is TrademasterCFD a scam company

Scam Broker Check 🛡️
1

Is TrademasterCFD a scam company? Because they demand that I pay taxes and insurance before they can pay out my capital and profits because they are ending trading in Sweden?

2

Hello! I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.

It sounds like you have some valid concerns about TrademasterCFD. Here are a few red flags to consider:

  1. Upfront Payments: Legitimate brokers typically do not require you to pay taxes or insurance before allowing you to withdraw your funds. This is a common tactic used by scam brokers to extract more money from you.

  2. Pressure Tactics: If they are pressuring you to make these payments quickly, this is another warning sign.

  3. Regulatory Oversight: Double-check if TrademasterCFD is regulated by a reputable financial authority. Be cautious of any certificates or links they provide, as these could lead to fake websites.

  4. Communication Channels: If they have been contacting you through unofficial channels like Telegram or WhatsApp, or using generic email addresses, this is suspicious.

I recommend attempting a small withdrawal to test their legitimacy, but be aware that some scammers may allow initial, smaller withdrawals to seem more trustworthy.

For your peace of mind, you can find legitimate brokers tailored to your needs using BrokerChooser’s FindMyBroker tool at https://brokerchooser.com/find-my-broker.

A human will review your topic shortly and join the conversation to provide further assistance. Stay safe!

3

do you have a link to the platform ?

4

Hi, here is the link!https:
//trademastercfd.com/sv/home-sv/

5

After a close review, these are the red flags :triangular_flag_on_post:

  1. Template Style Design: the website takes too long load and the design is like a common template that can be bought for a couple $ on themeforest

  2. the company uses the info of Apex Ventures Ltd with Reg. no. (125612), Apex ventures is a UK company with a company number of (03127521) a lot of fraud firms tend to use Apex Ventures registration details to seem authentic

  3. The address provided is the address of the Trust Company of the Marshall Islands, Inc. (TCMI). The TCMI is the registered agent and registrar for non-resident companies in the Marshall Islands. (a UK company name with the address of another unrelated company in a different location) :triangular_flag_on_post:

Insider Overview

  1. Market overview & Trading Room uses a Tradingview widget (an external source to conduct trade which will prove highly unstable). :triangular_flag_on_post:

  2. Requiring users mail the support your Bank statement before withdrawal is processed is strange. :triangular_flag_on_post:

  3. Our Story , contains no tangible information about who is the CEO or CFO of the website. :triangular_flag_on_post:

  4. even from the login page security on the website is very low and there’s a chance that your withdrawal will become a problem since provision for it isn’t outright.

6

Thank you for fast reply!