Trade Defi Broker Review – Don’t Let the TDTrade.ca Scam Get Richer

There are a few things missing from the Trade Defi broker’s website. There is no credible investment platform provided by the company, just a random website meant to extort money.

Learn more about Trade Defi in our review.

Additionally, we recommend you check out our scam broker reviews for VERDICT, RoyalStox, and BTCEX. They offer too good of an investment opportunity for those who are not aware!

1. Scam Broker Status: Offshore   
2. Broker Regulation:    Unlicensed Forex Provider / No Regulator   
3. Fraudulent Website:    tdtrade.ca   
4. Forex Trading Scam: Active   
5. Scam listed by:    N/A   
6. Owner of broker:    Trade Defi Trading Services LLC   
7. HQ Country:    Saint Vincent and the Grenadines   
8. Year of foundation:    2021   
9. Platform:    WebTrader   
10. Trading via mobile devices:    Available   
11. ETH or BTC: 1 BTC minimum deposit   
12. Bonus: 35% of the deposit   
13. Trading Crypto:    Available   
14. Trading CFDs:    Yes, you can trade CFDs   
15. Instruments: Forex, commodities, indices, shares, cryptocurrencies   
16. Leverage maximum:    N/A   
17. Not available: Islamic Accounts    le
18. There is no demo account, only live trading accounts are available   
19. Accepts US Clients: US traders are welcome   
20. Scam Broker: Don’t Invest With This Company!  

Is Trade Defi a Scam Broker? – No Trade License

The Trade Defi Forex broker is allegedly owned by Trade Defi Trading Services LLC. There is no financial regulator in this offshore country, but the Financial Services Authority serves as its register.

We discovered that Trade Defi was not in this register, nor was its alleged owner. As a result, the company is fraudulent and does not exist at all.

For your protection, we’ve checked Tier1 license providers for Trade Defi regulation. Nothing was found, of course.

Fake Trade Defi Regulation Claims – Sign of Fraud

It claims to be the first cryptocurrency company with a Canadian ISO and an independent assessment of Tier4 in the world. Since regulators have been divided into three tiers, Tier1 is the strongest and the best, these statements make no sense.

The broker also listed all the EU regulators, probably trying to convince you that they approve its operations. Do not fall for the Trade Defi trading scam.

Similarly, 365 Falcon, SanderFX, or Lyndon Finance Limited are scammers to avoid. Withdrawals will be a problem for you.

Where Is Trade Defi Trading Scam Active?

Since June 2021, the scam has been operating primarily in Canada and the Netherlands. Since the firm is unlicensed, it can provide services in all countries.

Trade Defi, for instance, is well prepared to disappear as soon as enough money has been stolen, because the broker faces penalties.

Trade Defi Support – Luring You Into a Scam

The purpose of Trade Defi’s support team is to extort money and disappear. They will be more than welcoming when you first meet them. The company, however, won’t let you check the company before investing.

You’ll be transferred to an account manager after the welcome desk. In addition to demonstrating the platform, they should be able to assist you with the investment process. They will always propose different financial plans and ask for more money. They are responsible for preventing you from withdrawing and ensuring you won’t receive a cent.

What to Do If You Fall for a Trade Defi Scam?

Do not hesitate to contact us if you or someone close to you fall victim to the Trade Defi scam. We at Global Fraud Protection are here to assist you with your refund request.

Crypto and Forex scams can cause devastating losses to your finances. Also, we’re here to fight for your funds together. Let’s begin the chargeback process before it’s too late by contacting us via online chat.