✔️ Information reviewed and updated in May 2024 by Pedro Martínez González

Comments on Foptrade

Analysis on Foptrade

➡️ In this section we will analyze foptrade (also called with the name: foptrade.com), is a Forex and CFD broker. Is Foptrade really recommended to make an investment? Is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.

Now, you can find the following: opinions about Foptrade ✅, claims, complaints, experiences, analysis of the most important characteristics of this company (updated 2022), and most importantly: Is Foptrade a safe site? ⛔ Can we trust this company? ✅ Will we be able to withdraw our money? All this and more in this review about this investment company.

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️️ Essential information: Who does it belong to? Where is located? Is it a regulated broker?

  • Foptrade mentions being part of: Turbo Trading Limited.
  • Regarding your location, the company is based in Vanuatu. ATTENTION: We have received information that your real name, and your real headquarters (where you are calling from) is located in the next adressPaseo de reforma 250 tower B, 17th floor – Polanco, Polanco IV Secc, Cuauhtémoc, 06600 Mexico City, CDMX, Mexico – They wait for you at the reception on the 7th floor, they have 3 levels with their employees: 1st level: canvas, 2nd level: sales, 3rd level retention.
  • If we analyze your security, we note that Foptrade does not have any type of regulation.

ATTENTION: Foptrade is a broker NOT REGULATED.

📌 Remember: the best option (and the safest) are the regulated brokers, as they must meet very strict requirements. Working with an unregulated broker is very risky. 📌

 

Account types | Investment platform

 

Now we go on to analyze the account types that Foptrade offers, in this case, we observe that it offers 4 different types of account:

  • Micro Account: personal account manager, 24-hour service and support, e-books and training videos, professional live trading sessions, streaming news and market analysis.
  • Classic Account: Personal account manager, 24-hour service and support, e-books and training videos, live professional trading sessions, streaming news and market analysis, exclusive daily analysis.
  • Premium account: personal account manager, 24/XNUMX service and support, e-books and training videos, professional live trading sessions, streaming news and market analysis, exclusive daily analysis, automated trading signals, advanced algorithmic trading tools .
  • VIP account: personal account manager, 24/XNUMX service and support, e-books and training videos, professional live trading sessions, streaming news and market analysis, exclusive daily analysis, automated trading signals, advanced algorithmic trading tools , individualized expert advice, licensed asset management services, exclusive business conditions VIP promotions.

La platform to operate that Foptrade offers is: MetaTrader 4.

 

Resources | Website

 

Here we will examine the different resources and aids for the trader that Foptrade provides on its website. We believe that the resources and help provided on the website can be a great advantage for the broker.

Foptrade website
Foptrade website

Foptrade provides the following aids or resources to traders or interested parties: a brief explanation about the services it offers, frequently asked questions section, not much more.

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Another insights about foptrade

 

🔻 We will leave you some more information in case you want to contact the company, or see its website for yourself. 🔻

  • 🌏 Website: foptrade.com
  • 📞 Telephone number: does not have
  • 📧 Email: [email protected]

Maybe you wonder why we review Foptrade. We make this review and assessment, because we receive different messages and comments asking for the reliability of the company in question. We like to think that our reviews page help investors, providing key information about the company, we disclose information that every investor should know before you are inclined or not, by investing with a company of investment.

You're a representative of this company? We recommend you leave a comment responding to customer concerns.

Valuation on foptrade

Ending with this section, in our opinion: Do we believe that the Foptrade company is reliable? Should you invest your money with the company? Are they a recommended company? ⭐ Analysis of 2022 ⭐

❌ After having examined it, we advise you to exercise caution, since it is an illegal company, clearly established to take money from people through deception and cheating. It is not very transparent, since it does not offer legal information, it does not show data about its registration and it also lacks regulation (unregulated company). ❌


A pocas palabras: It doesn't seem like a good idea, we suggest using caution.

ATTENTION : dow500, TurboTrading, foptrade, dow300, Dowbroker, FinanCenter, Single500, SMINVEST, Scope Markets, TechInvest, DowTrade y DowFx, all these sites belong to or are closely related to Turbo Trading Ltd, a company illegal located in Mexico City, which has a large number of complaints against it for all the scams committed. WE SUGGEST EXTREME CAUTION


Our advice: we always recommend working only with duly regulated companies, Isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest? Why invest with an unregulated or poorly regulated broker, when you can invest with a broker regulated by a serious regulator?

📌 Don't forget: one of the few measures that assure customers' money is the broker regulationIn other words, it is probably the most important feature of any broker; HAVE GOOD REGULATION. Good regulation means that there is a authority to which, in case of misunderstandings or problems, customers can file a complaint. 📌

What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, too leave a comment on our website with your experience with this broker.

 

🔻🔻 We leave a vote open so that traders, clients and users of the broker can vote. 🔻🔻

 

[democracy id = ”1948 ″]

 

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

88 comments on «Foptrade: Rating and Comments»

  1. Authorless Reply

    I am Anonymous.

    I work with them and I know they are a scam, they are not regulated and they do not even have advertising like some other Brokers, do not deposit!!!!!!! They will try to convince you but everything they tell you is not real, they have several companies that call you by name, one of them is Fop trade and another Stocks 24 (https :// stocks24 .com/) is it by chance that they look alike? ?? They do this because if the client does not want to deposit on one page, they do so on another…. They have 4 pages and none is regulated, in addition to the fact that the same “advisors” change their names….

    AND PLEASE SOMEONE PLACE A CLAIM AS SOON AS POSSIBLE !!!! so that these people stop scamming and investigate them !! someone who has evidence of their fraud !!

    • Recommended-brokers.com Reply

      Hello Anonymous, you say there are 4 pages, but I only see 2 for now, can you tell us which are the other 2? The good thing is that now we have obtained the address of these scammers and we can go to their offices to claim our money and take photos of the workers so that everyone can put a face to these criminals.

      Its address is Paseo de reforma 250 tower B, 17th floor (Mexico City, Mexico) but they wait for you at the reception of the 7th floor, they have 3 levels with their employees, see address HERE.

      This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you've lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  2. Authorless Reply

    hello, I worked with them for a long time ...

    unfortunately I worked with them, they told me that I would learn a lot and I was excited to work with them because it is something related to what I was studying but after a short time I realized that they are not regulated and are SCAM! don't deposit!!!!! it is a fraud, it is a company that is dedicated to money laundering, they are going to invent that it has many years of experience and that the person on the phone is a professional, but it is a lie, less than 5% of those who They work there they have finished high school (literally), they know nothing about their business, they only train them to take the call and in a "professional way" they will invent that they are a secure page and that very few brokers can register with MT4 (metatrader 4) but that is not true, they are just lies, the director of the company is called Guillermo (or at least that is what I know, since they all had false names) and he is an asshole, they really exploit their employees by demanding a lot from them, the managers are Deidamia, fredy, Diego, Sebastian, Daniel, etc,

    • Recommended-brokers.com Reply

      Hello Anonymous, the good thing is that now we have obtained the address of these scammers and we can go to their offices to claim our money and take photos of the workers so that everyone can put a face to these criminals.

      Its address is Paseo de reforma 250 tower B, 17th floor (Mexico City, Mexico) but they wait for you at the reception of the 7th floor, they have 3 levels with their employees, see address HERE.

      This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you've lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  3. Erwin walls Reply

    My experience IS A SCAM
    - first they asked me to open with 1000 usd they called me daily
    - The broker gave me my tickets according to a fundamental analysis, there was no analysis at all, it took two months for me to lose the money
    - Then they don't answer you, they say it was the fault of my other broker but that if I deposited 1000 usd more they would get my money back hahaha
    - and if your offices are under renovation, I can recognize those who attended me
    - definitive SCAM

    • Recommended-brokers.com Reply

      Hello Erwin, now we have obtained the address of these scammers and we can go to their offices to claim our money and take photos of the workers so that everyone can put a face to these criminals.

      Its address is Paseo de reforma 250 tower B, 17th floor (Mexico City, Mexico) but they wait for you at the reception of the 7th floor, they have 3 levels with their employees, see address HERE.

      This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you've lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  4. Roberto Lopez Reply

    Well, I am inside, they will say "you fell into the trap", the truth was I did not know its existence until just this year (where they got my number, who knows), however enter and if I could get an amount, enter Hard penalties for the investment they are asking for (1000 dlls), everything was going well until unfortunately due to inflation and others of the EUR, the Japanese yen and the dollar, I lost everything, they told me about according to the risk department (they spoke to me daily, I hate the calls but well tolerate it, in the end the daily calls were not productive), to comment on the situation I was presenting and tell me that I had to deposit more to avoid the loss (which I applaud to be aware of), however, as they mention it It is like asking for 500 pesos for them, that is, commenting that you deposit 10000 dollars or at least 500 dollars to solve that, I don't know if I'm wrong but then I could barely pay the 1000 dollars to be able to invest and make the money work, still deb I was going to deposit more (I don't know if I'm wrong or not), but in the call they asked for a solution to the one already, which is somewhat slow in my opinion because you have to see that you have to move, stop paying and so on.

    From Friday to Monday I lost a little more than half (I had 1185 dlls) and on Tuesday I woke up with 45 dlls, today is zero, maybe it is my fault for the bad management but then I was doing what they recommended, now if so much It is the desire to be marking daily and taking time away (which I hardly have or I have it very measured, because I have a job that is like 5 positions in a single contract and apart I dedicate myself to giving health consultation, teaching in a few words and aside I work on my own), what I go to if they are going to be calling you daily is minimal to warn you that said currency is not very safe and that I better not give it priority, I lost $ 21,560 pesos, it may be my fault, yes, It could be the fault of the system as well or whatever, however I do not seek to blame, but a lousy system since from the beginning it should have said "those currencies do not handle them much, because it is very unstable", in itself, and right now They haven't called me and they won't to be honest.

    I was doing better when I was managing crypto in my own way (I couldn't do more with them because they are more dedicated to FOREX and investment in Amazon and others), I do not recommend joining this pod in foptrade, the worst thing is that they do not listen when you mention them "The payment or deposit will not go out because I know what I have in said account", if they had told me "do not handle the money for today until what you put to work stabilizes", but not even that, today I remain zero in your page, mention of handling crypto but neither wanted or wanted to get involved. Anyway, I don't suggest joining.

    • Recommended-brokers.com Reply

      Hello Roberto, now we have the address of these scammers and we can go to their offices to claim our money and take photos of the workers so that everyone can put a face to these criminals.

      Its address is Paseo de reforma 250 tower B, 17th floor (Mexico City, Mexico) but they wait for you at the reception of the 7th floor, they have 3 levels with their employees, see address HERE.

      This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you've lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  5. AMV Reply

    This page helped me a lot to research them. When they called me back from Foptrade, I confirmed what was said here. When commenting that they had a bad reputation on the internet, the salesperson, a certain “Vanessa”, behaved very aggressive. She pretended to be offended because according to her I was questioning the reputation of her company and hers as a "broker", which is otherwise absolutely valid. I end up telling myself that "she did have studies" when she could no longer argue anything, raising her voice, showing no professionalism.
    Thanks for the info on this website.

    • Recommended-brokers.com Reply

      Hello AMV, yes, unfortunately they hire people without any kind of studies or empathy who would sell their family for a few dollars, it is a disgrace but it is like that.

      Greetings.

  6. Other Anonymous Reply

    Good morning,
    I just spoke with a financial advisor named Brenda Rodriguez, she still surrounds you by telling you that they are the greatest experts on the planet in traditional financial investments, since yesterday I was in contact with this person, she invited me to register at Foptrade.com, I had I had to end the call because I was receiving a call to an office meeting, we agreed that he would call me today, but it gave me time to investigate in more detail how these people act and about the risk of making investments with a phone call..., for God!, one thing is that practically everything can be solved with applications and in a non-face-to-face way, online purchases, administrative procedures, legal procedures, online complaints, medical procedures, even medical consultations, etc. but the other is to move your financial resources and deposit them to an online company, of which you don't know more (I see that there is a supposed address in Reforma but I wouldn't go into the wolf's cave, and above all betting my $$$) , and obviously as sellers these people are going to tell you that they are the best in the world and that everything is safe. I honestly clarified that by not finding regulation registration information before the Treasury or the National Banking and Securities Commission in Mexico, it ends up being a company NOT REGULATED IN MEXICO, so if you deposit with them, they can easily disappear or cancel or move your resources from your account, and where is there evidence of your transactions? When I commented on the subject to this person, he got into a very pedantic plan, he got offended and ended up claiming that the people who think they know more than them are people with whom she does not work (it made me think at the time, that this girl needs a mirror, hehehehe), and I thanked him (I don't know for what, but in the end I'm grateful) and hung up.
    So I tell you about my experience. UNLESS YOU KNOW MORE ABOUT THE TRADITIONAL FINANCIAL MARKET OF YOUR COUNTRY, IF NOT, DO NOT WASTE YOUR TIME AND MONEY WITH THESE COMPANIES… .. which, due to the comments of the community on this site, are not positive.

    • Recommended-brokers.com Reply

      Hello Another Anonymous, now we have obtained the address of these scammers and we can go to their offices to claim our money and take photos of the workers so that everyone can put a face to these criminals.

      Its address is Paseo de reforma 250 tower B, 17th floor (Mexico City, Mexico) but they wait for you at the reception of the 7th floor, they have 3 levels with their employees, see address HERE.

      This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you've lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  7. Jose Agustin Escobar Moguel Reply

    Hello, good afternoon, I AM José Agustín and I invested 7500 dollars, I could not make a single withdrawal and my "broker" now does not answer me, how can I get my money back.

    • Recommended-brokers.com Reply

      Hello Jose, now we have obtained the address of these scammers and we can go to their offices to claim our money and take photos of the workers so that everyone can put a face to these criminals.

      Its address is Paseo de reforma 250 tower B, 17th floor (Mexico City, Mexico) but they wait for you at the reception of the 7th floor, they have 3 levels with their employees, see address HERE.

      This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you've lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

    • Recommended-brokers.com Reply

      Hello Carlos, we hope that the police will visit you soon, you have to file many complaints so that they go and dismantle the operation, all the vendors are accomplices of the crime since they know perfectly well that they are cheating people, they know that they are robbing them because they have been trained for that. Soon everyone in jail which is where they should be.

      Greetings.

  8. Authorless Reply

    Hello, how to say it… .I worked with them and the only thing I can say is that NOOOO deposit, ignore them.

    They are located in Mexico at Paseo de reforma 250 Torre B, 17th floor, but they await you at the 7th floor reception.

    they have 3 levels with their employees.

    1st level: canvas, is in charge of contacting people saying basic information such as international presence in more than 56, total control of their money etc, countries, control basically very summarized, they do not give you more information because according to what they tell you that They will send you an email with information about the company, but in reality they do not send you anything, it is just a hook to contact you and get information from you since the letter is outlined to your work experience, so if you are an engineer and you have a construction company for them it means that you have money, then you are a candidate for them to mark you and take money from you.

    2nd level: sales, is where they are in charge of convincing you to invest with them, they explain very briefly how you can earn money from companies you know such as tesla, apple, amazon, etc., they take you to investin to show data and more than nothing "warm up" or get excited to be interested, then they take you to their fop trade account to open an account with them and explain internally how it works, at the end they tell you about an investment portfolio, in the Which tell you that you can obtain a yield of between 8% and 15% on a monthly basis, they explain how much you would earn in your first month of investing with them, they speak wonders of the business so that they convince you and invest with them. They explain services, which are 3, a transactional account which works as your mobile banking, the Mt4 platform, and the advice that is like "added value of the company" where an advisor is in contact 24/7 to tell you in what time is good to buy or sell assets, basically your master in investments

    3rd retention: this is the part when you have already made a deposit, your advisor is contacted who takes you by the hand to explain the investment issue, the purpose of this is to "warm up" the client where they make him earn a lot of money so that then lose, but since the person is very excited, they deposit again because they believe that it will not happen again, but it is not, what they want is to get as much money as possible,

    they hire people who don't have any studies, who in many cases didn't even finish high school, people who are looking for a job where they can earn money and then learn; excited they accept to work with them, they do not know about the subject, they only give a very short training of 1 week where they explain a brief summary of the company, where according to them they are located in 56 countries, and that they are regulated by the FCA and KPGA but it is not true, they only have a presence in a few countries, including Mexico and Cuba (which were where I met people working for the company) the retention area is in Austria (according to) there they send the guys who already have a lot of time in sales According to the company, he is from London, England, but I don't know personally if that is the case.
    They are a broker conglomerate among them this foptrade.com, stocks24.com etc, but none is regulated, there were occasions that we marked with the name of fop trade and on that same day they said that we would mark the name of stocks24.com just because, without prior explanation,

    Also, another important thing to consider is that many change their names, this is Diego Hernández, Ulises Castañón, etc., most of them make up a name, and by the way I met Sofía Castillo Mondragón, she is a very kind and soft-spoken girl, I just quit because of The stress, since they exploit you inside as they have an idea, they remind you of your mother's name every day, the goal of each advisor is to put 2,000 usd a month in deposit, if you do not reach the goal they humiliate you in front of everyone, and some cases you get fired.
    I am ashamed to give this type of information, but I work with them and I know their entire process internally. I went to work with them since I was studying economics and I was interested in this subject, but I realized that they were not regulated and the scams that they have, only last with them 5 months, DO NOT MAKE DEPOSITS, they will want to excite them and they will give you examples of banks with which they work, and that according to not any broker can use mt4 and they invent or put you examples all with the reason that you deposit also they themselves created their own pages talking about themselves well, but do not pay attention to those pages, ignore them.

    Finally, do not be rude to the advisers, they do not know and even they do not know what they are doing, they do not know about the subject that is why they work there and endure the humiliations that they go through, all because of the need that most have. I pass on the information in order to avoid the theft of money.

    • Recommended-brokers.com Reply

      Hello Anonymous, THANK YOU FOR WRITING THIS IMPORTANT INFORMATION about FOPTRADE !!!, Now we have obtained the address of these scammers and we can go to their offices to claim our money and take photos of the workers so that everyone can put a face to these criminals.

      Its address is Paseo de reforma 250 tower B, 17th floor (Mexico City, Mexico) but they wait for you at the reception of the 7th floor, they have 3 levels with their employees, see address HERE.

      This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you've lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  9. VICENTE ALVAREZ ARENAS Reply

    GOOD AFTERNOON….I ENTER WITH THEM WITH FOPTRADE…I HAVE 20 THOUSAND DOLLARS WITH THEM…THEY HAVE DEPOSITED ME 1ST.$3,100.00 2nd. $10,400.00 3rd. $40,400.00 with a difference of 15 days...he pressures me to deposit more...!!! I told him that it is very little time…later I suggested he be able to leave…he replied that he could not because he would charge me $5,000.00 dollars…that he could not take out urgently…but it could be done with more time and by closing the investments. What I can do…???

    • Recommended-brokers.com Reply

      Hi VICENTE, you must get your money back, thanks for commenting on Foptrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

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