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

poy trade scam opinion

Basic Information

🌐 Websitepoy-trade.com
🏠 Company*-
RegulatoryDoes not mention being regulated
📧 Email [email protected]
📈 PlataformOwn platform
📌 Address373/375 Station Road, Harrow, Middlesex
🕑 Website ageWebsite registered on: 2024-03-18
Company typeCryptocurrency, commodities, real estate broker

⚠️ Poy Trade does not mention which company it belongs to, which already raises some doubts about its transparency. They claim to be located in the United Kingdom, but we have not been able to verify that this information is true. In fact, we think they might be lying about their actual location.

This lack of clarity and possible deceptions about such important details as the company's location increase our concerns about the reliability of Poy Trade.

We can already tell you that we are concerned about several characteristics of this company.

What is Poy Trade?

After analyzing the company's website, we can say Poy Trade it's a: cryptocurrency broker raw materials and real estate.

Account types

The company has 5 different types of accounts.

INITIAL POY PLAN (5% profit): Minimum $50, Maximum investment $999, daily for 48 hours.

BASIC POY PLAN (7% earnings): Minimum $1000, Maximum investment $4999, daily for 4 days.

VIP PLAN (11% earnings): Minimum $5,000, Maximum investment $9,999, daily for 6 days.

POY EXPERT PLAN (15% profit): Minimum $10,000, Maximum investment $49,999, daily for 3 days.

POY EXECUTIVE PLAN (19% profit): Minimum $50,000, Maximum Ilimitado, daily for 6 days.

Information on the web

py trade web

Here we show you a screenshot of the Poy Trade website, which is poy-trade.com. The capture was made in May 2024.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following phone number: +1 919-827-7885

– We have found the following email: [email protected]

*Poy Trade Regulation

After analyzing in depth the regulatory situation of Poy Trade, we came to the conclusion that there is a worrying absence of regulation of the broker. ⚠️ This lack of regulation suggests that it is an unregulated company, which means that investors and their funds could be in danger without any protection.

🚫 In case of problems, it is very unlikely that the broker will return your investment. This means that your funds could be at serious risk. It is crucial to be very careful when dealing with these types of companies and think carefully before sending money, since you would be entrusting your capital to an entity that operates without any type of regulation or protection.

It is essential to be extremely cautious and consider other safer and regulated options before making any financial decisions with companies of this type. 💸❌

Think carefully before sending money, you are sending it to a company without any type of regulation or protection!⚠️

🚫 Final Poy Trade Valuation 🚫

Poy Trade presents itself as a broker specialized in cryptocurrencies, raw materials and real estate. It mentions being located in the United Kingdom and the United States, a country known for its strict regulatory standards and financial security. However, our research raises serious doubts about the veracity of this claim. The lack of specific details about its location and the absence of verifiable information in public records lead us to question the transparency and credibility of the company.

It can be seen that the omission of any reference to its regulation is a significant red flag. The lack of clarity over which authority oversees its operations suggests that Poy Trade could be operating outside any regulatory framework, exposing clients to significant financial risks.

🚨🚨 Conclusion: for the reasons mentioned we believe that it is a very unserious and unsafe company. Extreme caution is advised when considering any transaction with this entity, given its lack of clarity and transparency. 🚨🚨

Updates

Poy Trade News:

Date Update – news
May 2024Complaint against Poy Trade by the UK financial regulator

We note that the company already has complaints from financial regulators.

Please be very careful!⚠

User Reviews

🔻🔻What has been your experience with Poy Trade?🔻🔻

How to Claim Money Scammed by Poy Trade

If you want to know how to claim your capital if you have been scammed, we recommend you review the frequently asked questions section below. There you will find our detailed advice on the steps to follow to try to recover your money.

How to Report Poy Trade

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

Are there (recommended) alternatives to Poy Trade?

Yes, there are definitely many safer and more reliable options than Toro Trade PRO. We have investigated and compared numerous brokers and prepared a ranking of the best on the market, see here: ranking of the best brokers.

How can I report Poy Trade?

It depends on your country. You must contact your local financial regulator to file a complaint. If you need guidance, leave a comment on this review and we will help you.

Is Poy Trade reliable?

After a detailed analysis, we came to the conclusion that Toro Trade PRO is not a trustworthy option, we have not been able to find evidence of clear regulation supporting its activities, which is a crucial indicator of trustworthiness in the financial sector.

How to get money back from Poy Trade?

If you need to get your money back, we have created a step-by-step guide to help you if you have been scammed by a company like Toro Trade PRO. In this guide, you will find all the necessary details here.


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.

2 comments on «Poy Trade: opinion and comments – Is it a scam? »

  1. Carlos Reply

    This company is not trustworthy. My husband was scammed, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hello Carlos, thanks for writing about Poy Trade. Currently, this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      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 fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

Leave your comment

Your email address will not be published. Required fields are marked with *