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

In this section we will tell you why You should NOT invest in Portrades. 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 Portrades and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websiteportrades.com
🏠 Company*Signix LTD
RegulatoryNot regulated
📧 Email[email protected]
📈 LeadingMT4
📌 DirectionAjeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960

⚠️ Portrades is owned by Signix LTD, the company is located in Marshall Islands, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. ⚠️

Account types

Now we will analyze the types of accounts that Portrades offers, in this case, we observe that it offers 3 different types of accounts:

Account typeMinimum initial deposit
Basic$250
Silver$10.000
Gold$25.000

Information on the web

Portrades website

Portrades provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, live charts, really not much more than this.

List of phone numbers

+44 1919340500

🚫 Final assessment of Portrades 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Portrades.

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 Portrades:

Date Update – news
-No news at the moment

User Reviews

[democracy id = ”6098 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Portrades.

At the end of the review you will find customer comments.


How to Claim Money scammed by Portrades

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Portrades

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report Portrades?

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 Portrades a scam – is it a scam?

Yes. We believe that Portrades 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 Portrades trustworthy?

No. Portrades 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 Portrades?

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 Portrades?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

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.

8 comments on «Is Portrades a scam? Opinions of 2023»

  1. Teresita Reply

    A month ago a friend shared a link with me and I found it very interesting, I started investing 200 dollars and then they contacted me, showing me how my earnings were going when we almost reached 1000 dollars, they insisted that in order to secure the money and not lose a only dollar, at first I refused, I told them that it was better to withdraw the profits and they told me that if I withdraw I would first have to deposit 20% of what I was going to withdraw, and I very naively said well if it is like that better not, but at In the end, they convinced me that I already had 4500 dollars, at the time of the deposit and no one to communicate with me until today, they no longer answer my emails and I send them messages on WhatsApp and it appears that they do not receive it

    • Recommended-brokers.com Reply

      Hello Teresita, many times, these scammers clone names that are really regulated and pretend to be them. Thanks for writing about Portrades. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  2. Francisco Reply

    HELLO, I want to tell you that I registered in PORTRADES because of a note that I read, from an important businessman in Argentina, who invested there. They called me on the phone, they sent me an email and even a pdf that talks about their regulation according to the FCA. I clarify that this file seemed to me something badly written and very little explanatory.
    From your opinions I see that you are one more of this market of "revived".
    Take care of your money, study hard

    • Recommended-brokers.com Reply

      Hello Francisco, many times, these scammers clone names that are actually regulated and impersonate them. Thanks for writing about Portrades. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  3. VICTOR EDGARDO CASTILLO Reply

    I do not recommend PORTRADES, they work well with you for a few days, then they become sneaky, they ask you to invest five, seven, ten thousand dollars, in order to grow and retire, they tell you to buy your car or house in an uncertain future, when I requested my withdrawal knowing that they are not properly regulated, they closed my account, email, access to the platform and they stole $.429.00- An alleged María Martínez called me, to tell me that I had accumulated $.6,800.00 but what if the she wanted them to send them $1,500.00 as a ransom, to which I told her ironically, that if it was true, that she should deduct it and send me the rest, and I told her that she was a liar and a fraudster, and that was when there were no more Therefore, they are greedy thieves and rats, who have no scruples to steal money from investors who initially believe in them. Please do not invest with them because you will be robbed without a gun and scammed.

    • Recommended-brokers.com Reply

      Hi VICTOR, thanks for writing about Portrades. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  4. Julio Casas D. Reply

    They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hi Julio Casas D., thanks for writing about Portrades. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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