✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the broker TaoTrade (also called taotrade.com), is a Forex and CFD broker. Is TaoTrade really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we review TaoTrade. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Fri Finance AEPEY, SA.
As to its location, the broker mentions being based in: Greece.
If we analyze the regulation of the broker: we see that it is regulated by the Hellenic Capital Market Commission (HCMC).
Remember that to make a safe investment, the best option (and the safest) are the regulated brokersas they must meet very strict requirements. Instead, when working with a unregulated broker, there is a much higher risk of losing the capital invested, in the event that the company goes bankrupt or is reluctant to return the money as it usually happens.To learn more about regulations, we invite you to access the following link.
If now we go on to analyze account types offered by TaoTrade, we noticed that it offers 6 different types of account / plans: Basic Account, Discovery Account, Silver Account, Gold Account, Diamond Account and VIP Account. We leave an image with a little information about each type of account.
Basic account: minimum initial deposit of $200, Free Ebook, Free Training, Personal Account Manager, Trading Insider, One-Click Trading, ALERTS.
Discovery account: minimum initial deposit of $2.000, Free Ebook, Free Training, Personal Account Manager, Trading Insider, One-Click Trading, ALERTS, 10% Price Discount.
Silver Account: minimum initial deposit of $5.000, Free Ebook, Free Training, Personal Account Manager, Trading Insider, One-Click Trading, ALERTS, 20% Price Discount, Autochartist.
Gold Account: minimum initial deposit of $10.000, Free Ebook, Free Training, Personal Account Manager, Trading Insider, One-Click Trading, ALERTS, 30% Price Discount, Autochartist, 17% Reinvestment Discount.
Diamond Account: minimum initial deposit of $15.000, Free Ebook, Free Training, Personal Account Manager, Trading Insider, One-Click Trading, ALERTS, 40% Price Discount, Autochartist, 20% Reinvestment Discount.
VIP account: minimum initial deposit of $30.000, Free Ebook, Free Training, Personal Account Manager, Trading Insider, One-Click Trading, ALERTS, 50% Price Discount, Autochartist, 33% Reinvestment Discount.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that TaoTrade offers are: the platform PROfit.
We will now analyze the different resources and aids for the trader that TaoTrade provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
TaoTrade provides the following aids or resources to traders or stakeholders: some live charts, economic calendar, market news, really not much more than this.
| Other information about Tao Trade |
Some more information in case you want to contact the company, or see its website for yourself.
Website: taotrade.com
Telephone: + 39 068 3464810 | +306936123246 (Whatsapp)
Email: [email protected] (Company information) | [email protected] (claims) | [email protected] | [email protected] (sales) | [email protected] |
>>> Assessment on Tao Trade <<
Ending with this section, in our opinion Do we believe that the TaoTrade company is reliable? Should you invest your money with the company?
Seeing all this, we recommend you to be careful, because: by doing a little research on the internet, we were able to draw the conclusion that it is a fraudulent broker that uses data (registration, regulation) of another legitimate one. Apparently before being TaoTrade it was another Cyprus based broker that was banned by CySEC due to misconduct. We have seen a huge amount of comments from people who have been scammed and mistreated by TaoTrade staff. We suggest caution.
We always recommend working only with properly 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?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
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, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”603 ″]
They are pressuring me to invest here, but I don't want them to steal my money or scam me. Can you help me? Blessings.
Hi Juan Manuel, thanks for writing about TaoTrade. 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.