The first sign this brokerage is not genuine is that the company is hiding registration details. The registration number and legal name are missing. Yet, they present themselves as an award-winning platform.
But some things are easily researched, and traders should know how to do that. Therefore, we suggest you read this Call4trade review thoroughly. For some bonus advice and tips, we invite you to check out our Axiau review later.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Call4trade.com |
| Have Warnings from: | CSA, MBS |
| Registered in: | UK (allegedly) |
| Operating since: | 2023 |
| Trading Platforms: | Proprietary web trader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $10.000 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptocurrencies, Forex, Commodities, Indices, Shares |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Withdrawing funds from this brokerage will be a mission impossible. Primarily due to a lack of regulations but also because of shady bonus and withdrawal policy. Therefore, get in touch with our refund team before it’s too late to recover the funds. |
Legal info: Is Call4trade Legit or a Scam?
Surprisingly, this brokerage is presenting a UK address on its website. Like they don’t know it can be easily checked if they are registered there or not. In any case, the best way to do that is by checking the FCA register. Also, it can’t hurt to check some other best regulatory databases like CFTC, BaFin, and ASIC.
But the disappointment was expected. None of these institutions have ever issued a trading license to this firm. In addition to that, while researching, we found a warning from the Manitoba Securities Commission (MSC). Later, the same warning was reposted by CSA. Therefore, you can forget about all the security promises this broker serves you with.
Who are Call4trade’s Victims?
In general, the company has quite refined targeting areas. Obviously, they are looking for wealthy traders to extort as much money as possible. That’s why if you are coming from the following countries, keep your eyes open:
- Canada
- Australia
- Switzerland
- United States
But to help other traders avoid this company, let us know about your experience in the comments below. Ultimately, our refund team can analyze your case and potentially offer you some solutions if needed.
Traders Reviews
Considering multiple warnings, we can realize that Call4trade reviews are completely fake. At least the ones on Sitejabber where 16 out of 17 comments are positive. On the other hand, on Trustpilot, there’s only one relevant comment currently. Still, it’s worth checking because there’s huge potential that one is true.
All in all, without regulations, the company can do anything they want. It’s hard to stop them. But the key is to stay educated and learn how to avoid traps. However, if you somehow got caught in a scam, contact us for refund advice.
Leverage, Commissions, Spreads, Fees and Taxes
One of the biggest issues with the broker is non-transparent trading conditions. In fact, Call4trade broker only advertises spreads from 0 pips. Thus, without transparent platform access, it’s hard to prove it’s true.
Also, they are hiding the leverage offered to traders. But if they reveal it’s higher than 1:30, they would clearly expose themselves as a scam. Not to mention, commissions and fees are also mysterious.
Bonuses
We have just named a few ways Call4trade trading company can scam you. But there’s more. As can be seen, the company has been offering a welcome bonus to new customers. This is the oldest trick in the book to get clients to deposit more money.
However, bonuses are non-withdrawable unless traders meet certain requirements. Mostly unreasonable and practically impossible ones. Not only that, but traders also can’t withdraw profits generated with bonuses. Now ask yourself who chooses what profits are generated with bonus?
Call4trade Trading Features
In general, the company claims to offer an award-winning platform. Yet, they don’t reveal any advanced features whatsoever. What they present is something you can see with any other average brokerage.
Not to mention that security measures don’t exist. In combination with unknown Call4trade leverage, it can be highly dangerous.
Trading Platforms Available
Even though the company mentions a trading app, a download option for it doesn’t exist. So, very likely, you will just get a plain web trader. Not the most convenient method, in traders’ opinion. But to see the main disadvantages of web-based platforms, check our River Prime review.
Available Trading Assets
Apparently, the company is offering more than 200 assets from 5 different classes. Yet, without access to the platform, we can only guess what they offer. Most popular assets like:
- Forex – USD/JPY, EUR/CHF
- Commodities – gold, crude oil
- Shares – Amazon, Apple
- Indices – NASDAQ, S&P500
- Cryptos – BTC, ETH
Account Types
Generally speaking, Call4trade account types have insanely high minimum deposit requirements. Yet, in return, traders only get some shady and possibly fake services. Anyway, the options are:
- Bronze – $10.000
- Silver – $25.000
- Gold – $50.000
- Premium – $100.000
- Platinum – $250.000
Mobile Trading App
Another key issue is that the company doesn’t have separate iOS and Android apps. These things practically destroy the company’s credibility. After all, it shows how advanced the company’s technology is.
Demo Account
Considering the high requirements for a Bronze account, a demo account would be a suitable option. Yet, it’s not available with this scam broker. Still, we believe they will accept anything higher than $250 just to get traders on board. Even though such information is not revealed.
Call4trade Withdrawal
It’s funny that the Call4trade withdrawal page doesn’t exist. Practically, they have removed instructions for withdrawal. In any case, T&Cs reveal the processing time may take up to 3 business days.
Also, the company will charge a bunch of fees. Yet non-transparent ones. But it’s good to know they don’t charge a regular withdrawal fee. However, they might charge you for exceeding the maximum amount of monthly withdrawals. Nonsense.
Customer Support
The only way to get in touch with a Call4trade scam broker is by phone line and web contact form. The support is available five days a week, and it looks quite reliable. But in reality, that’s far from true. If you are looking for a withdrawal, you rarely get professional assistance from scam brokers.
Key Information To Consider About Call4trade
Firstly, the company is lying to be registered in the UK. Secondly, they are not regulated. And thirdly, multiple warnings have been issued against the company. All in all, not a single reason to trust them. So, if you are a victim of this firm, don’t hesitate to contact us as soon as possible. Our first consultation is free of charge, and time might be critical to recover the funds. Don’t waste time, and contact us now.
FAQ Section
What is Call4trade?
Call4trade is an anonymous brokerage presenting itself as UK-based yet without any regulations there or registration whatsoever.
Is Call4trade a Legit Broker?
Not at all. The proof of that can be found in Canadian institutions like MSC and CSA that issued warnings against the company.
What is a Chargeback?
Any debit or credit card transaction reversal due to a dispute or complaint can be considered a chargeback. To get your funds back this way, contact our team for assistance.
