✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in Place a Trade. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Place a Trade and tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | placeatrade.com |
| 🏠 Company | Focus Markets LLC |
| ️ Regulatory | FSA (Seychelles) |
| Support@Place at Trade.com | |
| 📈 Leading | MT4, SmartTrader and MT5 |
| 📌 Direction | St. Vincent and the Grenadines |
⚠️ Place a Trade is owned by Focus Markets LLC, the company is located in Saint Vincent and the Grenadines, dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Account types
Now we are going to analyze the types of accounts that Place a Trade offers, in this case, we observe that it offers 2 different types of accounts:
| Account type | Minimum initial deposit |
| Raw | $100 |
| Standard | $100 |
Information on the web
Place a Trade provides an explanation about the services it offers, market news and analysis, FAQ section, not much more than this.
List of phone numbers
- +61383758802
🚫 Final evaluation of Place a Trade 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Place a Trade.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News about Place a Trade:
| Date | Update – news |
|---|---|
| June 2022 | Complaint against Place a Trade from financial regulator: CNMV. |
| August 2022 | Place a Trade is linked to brokers Anzo Capital, eightcap, Focus Markets. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a review about your experience with Place a Trade.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Place a Trade
How to Report Place a Trade
FAQs
How can I report Place a Trade?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is Place a Trade a scam – is it a scam?
Yes. We believe that Place a Trade is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is Place a Trade reliable?
No. Place a Trade is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from Place a Trade?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to Place a Trade?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
They are quick to receive your money but when you want to withdraw it they are pure problems…. I have been asking for my money for 3 weeks and still nothing at all….
Hello Joan, they will not return it to you, thank you for your comment on Place a Trade. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.
If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.
To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY
Greetings.
Do you know if Place a trade is a reliable broker???
Hi Johanna, NO IT IS NOT RELIABLE! Thank you for your feedback on Place a Trade. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.
If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.
To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY
Greetings.
It is a fraud, I invested my savings on July 12, they offered me a good leverage and a 40% bonus, yesterday my entire team and I had their leverage reduced and the bonus was withdrawn without prior notice, do not invest is advice , it is the second broker that scams us, I have proof of what I say, they are scoundrels😡
Hello Marma, they are scammers and the headquarters is Saint Vincent and the Grenadines, it is a company created and set up to defraud all the clients they capture.
Greetings.
It seems that they no longer return the money, they are bankrupt, you will see, request your money and see what they tell you..
Hello Ramón, thank you for your comment about Place a Trade. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.
If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.
To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY
Greetings.
I can't withdraw my money there are always problems…!!!
Hi William, Thank you for your feedback on Place a Trade. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.
If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.
To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY
Greetings.
Yes, my friend, at the time of withdrawing with place.a.trade, they are all excuses, problems, problems that I sent such and such document, I have sent everything they ask for, then they ask me again, then another problem, then they do not answer me. Sincerely It seems that they do not want one to withdraw, it has been more than 3 weeks and nothing. They are very little serious I do not recommend it. They don't really trust me at all. I will comment again on whether or not I was able to withdraw for the moment I can tell you no.
Hello…. I would like to know if PlaceATrade Broker is regulated. Thanks.
Hi Claudia, thanks for commenting on Place a Trade. 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 in the market, they just make it look 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.
NO AND THE SPANISH FINANCIAL REGULATOR DENOUNCED THEM AS SCAMMERS. SEARCH IT. HERE IN THE REVIEW THEY PUT IT, THE CNMV IS THE SPANISH FINANCIAL REGULATOR. THEY ARE NOT REGULATED.
I have already requested my total withdrawal and they do not return my money, I think the company has already gone bankrupt, try asking for all your money and you will see what happens….
Hello, could you help me, is Libertex a safe broker to invest? Or Placetrade?? Any opinion of them? And about xlntrade do you have references?
Hello Sandra, we have a review of each one of them, you just have to put the name in the search engine of the Home of our website and the review will appear where you can also see comments.
Greetings.
They are linked to Focus trade, be careful, because they do not know how to manage their company well.
Hello Ana CAR, thanks for commenting on Place a Trade. 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 in the market, they just make it look 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.