Trade Horizon Review: Unraveling the Mystery Behind This Broker

Scam brokers like this one usually hide their true identity behind sweet talk and lies, only to lure traders into investing their money. After you do, you can probably expect to never see your funds or the broker, ever again. In light of this, awareness and staying informed are crucial if you want to profit from trading. 

That is why our Trade Horizon review will shed light on the mystery hidden behind this brokerage, so you can make better decisions and avoid trading with brokers like this altogether. Additionally, check our RightFX review for a broker who is anything but right for traders. 

Who Is Trade Horizon?

Trade Horizon is the trading name of Panelid Limited, a fake UK-based brokerage company. Operating from the UK requires regulatory oversight by the Financial Conduct Authority, however, Trade Horizon was operating without a license. Despite their claims that they are a regulated and reliable brokerage, the truth is much worse. 

There are a total of 3 domains we found for the broker, indicating that they were shut down multiple times. Brokers like this luckily don’t live long and it’s just a matter of time before their fraudulent operations are uncovered. The purpose of this website is clear: it does not offer a genuine brokerage service. It is strongly advised to avoid Trade Horizon in the present and the future.

Regulation Info

TradeHorizon was not a regulated entity. Despite their claims that they are a regulated broker authorized to provide services in the UK, the FCA’s register doesn’t seem to have this broker. Additionally, several spammers and scammers use the same registrar according to ScamAdviser. This firm operated from the US as well, however, the SEC, CFTC, or NFA didn’t provide regulatory oversight. 

Additionally, the Financial Services and Markets Authority (FSMA) issued an alert, warning traders to stay away from this sham brokerage: 

Trade Horizon Broker Profile

The firm claimed to offer its proprietary trading platform that was only available as a web trader. While some reliable brokers do provide their platforms, it’s crucial to make sure that they are reliable because platforms are easily manipulated and it can seem you are earning money when instead, you are losing everything. 

Since the firm is not operational, finding a reliable source of information is challenging. The trading conditions they offered were a mystery then and are a mystery now, keeping traders in the dark as to what to expect. Avoiding brokers like TradeHorizon and BB360 is the first step toward profitable trading. 

Is Trade Horizon Safe To Trade With?

TradeHorizon is not secure at all. Red flags are everywhere, from the absence of regulation and transparency to the fact that they are now closed. While mystery might be an intriguing element, it isn’t with brokers. Make sure a broker will meet your needs and be dependable before you even begin trading with them.

In the case of TradeHorizon, we can with certainty say they are an unreliable scam broker, which is proved by more than 80 traders on Trustpilot. Staying away from brokers like this is your best chance to start trading profitably. 

Traders Share Their Experiences

On Trustpilot, the broker has an overall score of 1.9, based on 86 reviews. We didn’t expect them to have a high score, especially since they are no longer operational but to have 80% of 1-star reviews is concerning. As you probably already guessed, most unfavorable reviews focus on withdrawal issues. 

One trader invested $360,000 only to receive nothing back. Another trader fell prey to their scams, by being lured in with fake stories about huge profits and once he invested and paid the commission upfront, the broker locked his account. 

Unfortunately, that isn’t the end. If you are prepared to receive 10+ phone calls per day asking for your money only to later scam you, this brokerage is perfect for you. All they do is lie and sweet-talk traders into investing in their falsified system. 

How Is the Scam Carried Out?

As confirmed and reported by several traders, this brokerage relies on its sweet-talk and fake stories. They will promise you huge profits, or something along the lines: “You can earn $100 every day with us”. Needless to say, profits are earned and not guaranteed and whoever guarantees that you will profit risk-free, you should know they are a scam. 

Reliable brokers would never make false claims and would never guarantee you will be successful. Since Trade Horizon’s goal was never to let traders actually trade, they aimed at clients from various countries, including the United States, United Kingdom, Egypt, India, and Czechia. 

Deposits and Withdrawals

Depositing your money with brokers like TradeHorizon is easy and hassle-free. However, once you want to withdraw your ‘earned’ funds, that is where their scam begins. If the profits you see are real and not manipulated, this firm will delay the withdrawal for as long as possible. Reaching customer support won’t benefit you either and it will be like you don’t exist. 

Reliable brokers offer various payment options and one of them is always credit-debit cards. Filing a chargeback is possible if you deposited your funds with a card so that is something you should consider. If you have been scammed by TradeHorizon, don’t wait. Take action immediately and report the scammer to authorities. 

Can I Make Money While Trading Online?

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