When a trader visits a broker, there’s a glint in the eyes and passion in the heart. However, when a fraud brokerage firm like TradeStation meets them, their thoughts and aspirations come shattering. The online broker company does not follow the norms that it promises on the website. It does everything on the contrary. An investor cannot select assets and bid in the market according to the needs. The broker is a complete dictator and TradeStation review 2021 states the fact with pertinent points.
In disguise, the fraud broker is looting funds of innocent investors in the name of fetching them massive returns. Several traders have filed their complaints against them. And that is why people are avoiding trading with the broker.
TradeStation illicit or safe?
A suspicion broker is the one that does not exhibit the registration and license number. TradeStation hides the information from the website visitors. So, it raises questions on its authenticity. There are clear guidelines by the regulating bodies on it, but the alleged brokerage company is flouting them all in the guise of offering a brokerage firm. Furthermore, one cannot view any information regarding any regulatory. How can someone trust it? The lousy impression it is trying to make is evident and apparent.
There’s no feature or indication on the website that can set precedence and make a trader trust its services. Moreover, TradeStation does not dissuade its clients either. Thus, it is a propaganda portal and investors should steer clear from it to avert any losses. Hence, TradeStation has the suspicion.
Jaded customer service
The customer executives are missing a bit of time from the contact us portal. The phone number either seems busy or keeps ringing, and no one picks up the call. In that case, traders can only keep on attempting to get in touch, but the broker would never answer because it is an imposter. Likewise, the live chat option is never active. There’re technical issues with it, and a market player never receives a correct answer? What is a client supposed to do in such circumstances?
Moreover, messaging and email facilities are nothing but camouflage to fool people. Do not get entrapped.
Design and UI are juvenile
The user-interface is so bad that it feels about some confectionery shop or a juice centre when you land on the online portal’s home page. The absurd design and pictures used here make visitors disbelief that it can be a financial broker. It looks like the website is either incomplete or in a hurry to cheat people; the owner forgot to change photos.
One does not feel like boarding it again. All necessary pieces of information are missing from the website. So, it disappoints people, and this is what the charlatan brokerage firm intends on doing. It is collecting important data to sell it off. So, beware.
No types of accounts
A genuine will always exhibit several types of account to different traders, catering to their requirements as per funds and experience. But TradeStation does not have any of them. One can keep on locating them and wasting the invaluable time to find out but to no avail. Such traits belong to a fraud website. How can someone trade without an option of trading accounts?
If an investor is not sure about the opportunities and options, how can there be any trade? There’s no way a broker can justify it or convince a potential investor. There cannot be any excuse not to show up any recourse. Staying away from such web portals is safe. Every penny saved is like earning.
However, whatever little options it exhibits belong to some bank account, not a trading account. Everything is a cut, copy, and paste work. The purpose of TradeStation is cheating, and it sticks to the vicious propaganda.
High minimum deposit
The best way to catch a flimflam is by looking at the minimum deposit. The brokerage firm asks for USD 2000. Now, where can a beginner trader bring this massive amount? And why would a broker need it? What is the motive? TradeStation requires the amount for personal growth and not for benefitting a trader. It’s a proper cheat case. It must be brought under the public’s eye, and responsible authorities must sue it for spreading lies and deceitful intentions.
A good broker would always understand the problem of a beginner trader and wouldn’t ask for anything that discourages him/her. Meanwhile, a thug brokerage company will run behind the money by compromising the identity of an investor in the process. Also, USD 2000 does not fit in the bracket of the minimum. So, the callous attitude of TradeStation stands exposed once again.
Nothing about education
Knowledge is the strength in any person’s life, but TradeStation does not think so. And that’s why the flimsy brokerage company has not got any material for its customers. There is nothing that traders can learn from. In the financial market full of volatility, there are changes in the norms, rules, regulations, ideas, and policies globally. So, market players need to capitalise on learning new things and information every now and then. But the broker does not let any client do that.
In a way, TradeStation wants its customer to remain blind to luxuries so that it can feed them lies, negativity and thug them in a process. Thus, a trader needs to be vigilant of these cheaters that are masquerading as brokerage companies.
The security of TradeStation is entirely compromised, and one cannot deposit funds without checking. So, somehow if you’ve created an account, then do not fund the wallet, else it will be duped never to return. There are cases where people lost their money, and the broker shrugs them off. The victims did not receive any help from it.
Even after a deep search, you cannot find the encryption option, which is quintessential for a website’s security. Otherwise, it compromises the data, and the absence of the important feature hurts investors more than anyone.
Dangerous products for trading
Derivatives, futures and options market is hazardous for every trader, precisely for a newbie one. However, the broker has listed no guideline because it deliberately wants traders to lose their money. It wants to make money on traders’ misery. One cannot expect anything better from TradeStation.
The following markets can make you bankrupt at the moment. So, do not fall for the agenda of the broker. Futures, options and derivatives markets are a trap for innocent investors; there’s no point of rescue after falling into it.
The tools offered by the broker are either outdated or useless. They only draw your time that can be invested in trading. You get no help but confusion and crookedness all over from TradeStation. Also, you are subjected to lose your data while registering on them. So, you should use the services of T1Markets, InvestLite, PrimeFin and Oinvest instead. They are genuine brokers.
Investors cannot create any plan or idea or strategy for financial trading because there is no research tool or feature available with the broker. You may need it, but the charlatan broker works contrary to the requirements of a trader. Also, going without research in the market is akin to being in a battle sans weapons.
Lacking good platforms
When other brokers are offering MetaTrader4 and MetaTrader5, TradeStation is providing WebTrader. It is like travelling in a bullock cart in the era of supersonic jets. There are no features and compatibility elements that can interest a market player.
TradeStation is a fraud broker with no transparency on registration and license numbers. That way, Global TradeATF, TradedWell, 101investing and ROinvesting are better brokers that keep all important information on their home page.
The TradeStation does not have good tools for trading and creates doubts about cheating everywhere. You cannot invest your money freely forget about transactions.
Is TradeStation safe for Trading?
TradeStation is highly unsafe because it has no registration and license numbers. Moreover, you cannot know which regulatory authority is looking after its activities.
Does TradeStation have any good feature?
No, it has none. Perhaps, you feel like quitting it after registering.
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