Tradetech Solutions Review 2024 – Operating With No License

Zermatt Group LLC, the firm behind Tradetech Solutions, is shamelessly lying about the legitimacy of its business. The brokerage is registered in the offshore jurisdiction of Saint Vincent and the Grenadines (SVG) and operates without a valid Forex license, falling into the fraudulent entity category, just like Bit HiveX. 

Investors should exercise extreme caution, as the broker’s unclear terms and lack of oversight expose them to potential financial risks. Our Tradetech Solutions Review aims to shed light on why the platform is risky and why you should avoid it. 

Legal Info: Is Tradetech Solutions Regulated?

TradeTech Solutions, operated by Zermatt Group LLC, is an offshore entity based in SVG. This offshore jurisdiction is problematic due to the absence of Forex regulations, which drew many cyber thieves to establish their monkey businesses there.

Our investigation thus revealed a regulatory warning against this firm from the Spanish Comisión Nacional del Mercado de Valores (CNMV) from October 9, 2023. 

This official alert emphasizes serious breaches and potential violations associated with the platform. Consequently, investors face the risk of losing their funds under dubious circumstances. 

Choosing a regulated financial provider is imperative to ensure the safety of your investments. Opt for firms that are regulated by esteemed financial authorities like the FCA (UK), ESMA (Europe), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), JFSA (Japan), MAS (Singapore), etc. 

Regulated brokers adhere to specific standards, offering measures such as negative balance protection, segregating client funds in reputable banks, and compensation schemes for potential losses.

Who Are Tradetech Solutions’s Targets?

According to godaddy.com/whois, the tradetech-solutions.com website domain was created on May 30, 2023. Since then, the financial swindlers have been targeting mainly unsuspecting traders and investors who reside in the following countries:

• United States;
• United Kingdom;
• Germany;
• Canada;
• India.

These countries all feature stringent market watchdogs, known for their strict regulations and thorough supervision of financial markets. Their respective authorities meticulously oversee markets to prevent unauthorized entities from executing fraudulent schemes, as displayed by the CNMV’s warning.

One common rule says that each financial market participant must obtain the necessary permit to operate. To reiterate, Tradetech Solutions has no license. The broker directly violates European and North American regulations by offering users leverage higher than allowed for retail clients.

Trader Reviews – Sharing Experiences

There are virtually no Tradetech Solutions reviews on popular forums such as Trustpilot. The lack of user feedback further tarnishes the broker’s reputation.

The perpetrators of the unauthorized Tradetech Solutions platform appear to target potential victims via various social media platforms or by running marketing campaigns. Therefore, we strongly stand against sharing personal information with anonymous accounts 

It is crucial to filter honest user reviews concerning a specific provider to determine whether the business is the real deal. Stay vigilant and exercise caution to protect yourself and your financial assets.

Which Trading Platforms Are Available?

The broker claims to offer the famous MetaTrader 5 platform. However, contrary to the promises on the website, there is no Tradetech Solutions demo account so we couldn’t confirm whether it is a legit version of MT5. Even if the platform is available, we still don’t recommend it because of the firm’s unregulated status.

In reality, the only available trading tool is a lackluster web-based platform with limited features and an unpolished interface.

The above-mentioned MT5 platform supports advanced features such as automated & algorithmic trading, sophisticated charting, real-time market reports, API integration, 20+ timeframes, Expert Advisors (EAs), and instant order execution. Just make sure your provider is licensed to offer such services.

Leverage, Spreads, Commissions

Tradetech Solutions’s maximum leverage is limited at 1:500, exceeding the European and North American legal caps of 1:30 and 1:50, respectively. Participating in trading with elevated leverage entails substantial risk, amplifying both potential profits and losses and increasing the chances of undesirable financial difficulties.

The platform displayed a spread of 0.2 pips for the benchmark EUR/USD currency pair, which is excellent but questionable. For such a tight spread, the broker surely charges commissions, which were not mentioned. 

Deposit and Withdrawal Process

The website listed two payment methods that can be used to fund live trading accounts and withdraw generated profits:

• Credit/debit cards;
• Cryptocurrencies.

The Tradetech Solutions minimum deposit was not disclosed, which raises concerns. Given the negative aspects of this broker we have outlined thus far, Tradetech Solutions withdrawal issues are likely to occur, requiring victims to explore fund recovery methods.

For funds deposited through MasterCard or VISA credit/debit cards, users have the option to request a refund through a chargeback at the issuing bank within 540 days. Reversing crypto payments is more complex and requires the usage of sophisticated software. Luckily for you, our team can help you out with both methods.

Key Facts To Consider About Tradetech Solutions

Tradetech Solutions is an unregulated offshore broker blacklisted by the Spanish CNMV for targeting American, British, German, Canadian, and Hindu traders. We do not recommend this platform mainly because it is not licensed. To learn why strict regulations matter, check out our United Asia Futures review.  

In case you have lost money to the Tradetech Solutions scam, you must seek our professional help to recover your funds! A chargeback is your best option.

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

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