✔️ Information reviewed and updated in October 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in Softech Trades. 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 Softech Trades and tell you why we came to such a conclusion:
Basic Information
🌐 Website | softechtrades.com |
🏠 Company* | EUROPEAN MARKETS LTD |
️ Regulatory | FINMSA |
[email protected] | |
📈 Platform | Web trader |
📌 Address | 2nd Floor Regis House, 45 King William Street, London, United Kingdom, EC4R 9AN |
⚠️ Softech Trades is owned by EUROPEAN MARKETS LTD, the company is located in the United Kingdom, potentially 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 will analyze the types of accounts that Softech Trades offers, in this case, we observe that it does not offer types of accounts.
Information on the web
Softech Trades provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, really not much more than this.
List of phone numbers
At the moment we have not found phone numbers.
🚫 Final evaluation of Softech Trades 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Softech Trades.
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 Softech Trades:
Date | Update – news |
---|---|
March 2023 | We receive a large number of messages from Softech Trades clients who claim that they cannot withdraw their capital. |
June 2023 | Softech Trades was once again warned by the regulatory body CONSOB |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Softech Trades.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Softech Trades
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 Softech Trades
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.
Frequently Asked Questions
How can I report Softech Trades?
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 Softech Trades a scam – is it a scam?
Yes. We believe Softech Trades 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 Softech Trades trustworthy?
No. Softech Trades is not trustworthy, 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 Softech Trades?
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 Softech Trades?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
CONSOB denounced this company, be very careful.
Hello ANONYMOUS, thank you for commenting on Softech Trades. This broker is a SCAM. The CONSOB (Italian Financial Regulator) has already warned about them, for lying and not being regulated (see CONSOB link). Do not send them money, they want to get as much money as possible from you 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 recover your money, try our CHAT or in the FORM of this link: CLAIM YOUR MONEY
Greetings.
This company is not trustworthy. I assure you, I'm still trying to withdraw and I can't, don't do it, you'll thank me later. Greetings.
Hi Daniela, thanks for writing about Softech Trades. 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.