In our TrendinGAP Review, it becomes evident that the platform is operated by an anonymous group seeking quick profits through deceitful means, targeting unsuspecting traders. Despite claiming to be based in London, UK, their provided address has been proven false. Furthermore, TrendinGAP lacks any license or authorization to offer its services to clients.
These red flags raise serious concerns about the legitimacy and trustworthiness of TrendinGAP as a trading platform. Potential investors should exercise extreme caution and thoroughly investigate before engaging with this company to protect themselves from potential scams and financial losses.
Website – https://www.trendingap.com/
Website Availability – No
Address – 2 Frederick Street Kings Cross, London, United Kingdom, WC1X 0ND
Warning – Ontario Securities Commission (Canada)
Regulated – Unregulated
Domain Age –
|Date Registered||October 20, 2022|
|Domain Age||9 months, 6 days, 20 hours, 54 minutes, 37 seconds|
Is TrendinGAP legit or a scam broker?
TrendinGAP fails to provide any information about its regulatory status, which strongly suggests it is an unlicensed broker. Legitimate brokers always display their accreditation and license prominently. Furthermore, the Ontario Securities Commission (OSC) has warned against TrendinGAP, clarifying that the broker is not registered in Ontario to conduct securities trading.
Essentially, TrendinGAP lacks regulation from any governing body. Investing funds with this broker is extremely risky, as there are no legal protections to safeguard your money. It is unequivocally a scam, and investors should avoid any involvement with this unregulated and potentially fraudulent entity.
In which countries does Trendingap provide services?
TrendinGAP fraudulent activities predominantly target people residing in developed countries. Despite the stringent financial regulations in these nations, unauthorized brokers can still operate freely. Being well-informed is crucial, and it is advisable to steer clear of suspicious entities altogether. It is essential to exercise caution, especially if you are located in one of these developed countries, to protect yourself from potential scams and financial losses. Germany, France, Canada, United States are the countries where TrendinGAP provide its services.
TrendinGAP offers a considerable variety of trading accounts, but disappointingly, it lacks essential features such as a demo account and an Islamic account. The account structures bear a resemblance to the setup used in the BitcoinCode scam, raising concerns about the legitimacy of TrendinGAP.
There are five types of trading accounts offered by the TrendinGAP like Explorer, Basic, Silver, Gold, and Platinum. The minimum amount of the explores account is $500, and the platinum account is $100000, which is very high as compared to the legitimate brokers.
TrendinGAP Review: Trading Platform
TrendinGAP has a significant drawback when it comes to software capabilities. Unlike the current industry standards, they do not support popular platforms like MT4, MT5, or cTrader. Instead, TrendinGAP provides only the most basic option – the Web Trader software.
The sole advantage of this platform is that it is download-free, allowing users to access it directly from their web browsers. However, this convenience also makes it preferable for scammers, as it facilitates the creation of faulty trades, leading to the draining of your account balance. Caution should be exercised when dealing with such limited and potentially vulnerable software.
TrendinGAP Review: Trading Conditions
TrendinGAP lacks readily available information on spreads or fees, but through our investigation, we uncovered some data within their Web Trader platform. For example, the spread for EUR/USD stands at 0.00002 Pips with a 0% commission.
In the realm of legitimate brokers, income is typically generated through swaps, commissions, and fees, as they adhere to regulatory standards. However, scam brokers like TrendinGAP can offer seemingly attractive deals because their revenue stems from fraudulent practices, preying on unsuspecting individuals. It is essential to remain cautious and thoroughly research any broker’s offerings to avoid falling victim to such deceptive tactics.
TrendinGAP Review: Conclusion
If you or someone you know has fallen victim to a TradinGAP scam, do not hesitate to reach out to our team for assistance. For the fastest response and a free consultation, fill out a complaint form. Remember, it’s crucial not to give up without a fight! Acting swiftly increases the likelihood of recovering your funds, so let us help you navigate through this challenging situation.
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