Our TrendinGAP Review Gives You All the Answers You Want
TrendinGAP has been making waves recently, and we decided to take a closer look at them. We found alarming details that should be of great concern to potential clients. No license, false information, and manipulation of client money, it’s all there. Read that and more in our TrendinGAP Review.
|United Kingdom (allegedly)
|30% – 150%
TrendinGAP Reliability – License and Fund Security
You would be hard-pressed to find a more legitimate-looking website than TrendinGAP’s. But the truth is much darker.
First and foremost, we’ll look at their license. They claim to be based in the UK, which would mean they fall under the regulation of FCA, a Tier 1 regulator. However, after checking FCA’s database, we found no traces of TrendinGAP, which means they operate WITHOUT a license.
Why is this important? Well, FCA imposes strict rules on brokers for the sole purpose of protecting traders. That way, you are operating in a safe space, where everything is done with full transparency. And since TrendinGAP isn’t regulated by FCA or any other authority, you are exposed to high risk.
Trading Platform Overview
This swindler has its trading platform “developed around the needs of beginner traders.” However, under this beautifully tailored sentence lies a plain web trader platform.
TrendinGAP says their software has many benefits, including a user-friendly interface, effective tools, and expert trading signals should clients need them. We should also add that the platform is available on Android and iOS app stores and it’s completely free.
But take all of this with a HUGE grain of salt. Most traders know that MT4 and MT5 platforms are the current standards in the industry, and anything other than those two is suboptimal. That way, when a broker offers a plain web trader, it’s an immediate reason for concern.
TrendinGAP Trading Accounts
Unsuspecting clients have a wide range of accounts to choose from at TrendinGAP. Those include:
- Explorer – $500
- Basic – $2,500
- Silver – $10,000
- Gold – $25,000
- Platinum – $100,000
The more you invest, the more benefits you get. All accounts include bonuses, but the amount depends on the type of account you sign up for. And with the final three, you get insurance in different percentages as well.
But beware! The minimum deposit is $500, and high minimum investments in most cases point to a scam. And don’t think those bonuses are free either. It’s all just a part of a bigger scheme to lure you into their trap.
Deposits and Withdrawals
As far as deposits go, TrendinGAP accepts Visa, MasterCard, bank transfer, and cryptocurrency payments.
However, not much information can be found on the withdrawal process. Going to the reviews section again, we can see that a lot of people encountered problems requesting their money back, so be prepared for the same treatment as well.
How is the Scam Performed?
Scammers usually follow the same pattern in their schemes, but this swindler adds a little spice.
As far as we could tell from the reviews, TrendinGAP employs the so-called honeytrap strategy. This means they attract victims on social media, especially dating apps where attractive people pretend to be emotionally invested in the potential victim.
The goal of this scheme is to emotionally bait the victims into sending the money to their supposed love interests or, in this case, invest in a fraudulent broker and then disappear. We would emphasize not giving money to people you meet online as a general rule of thumb, especially if they seem to be in “great distress” soon after they start talking to you.
Hopefully, we managed to paint a complete picture of yet another scammer in our TrendinGAP Review. Being an unregulated broker they are not to be trusted, and you are better off without their services.
So take everything you learned in this article and pocket it somewhere in your memory; it might be useful in your future endeavors. And if you need help finding the best broker, contact us for a free, non-obligatory consultation.
FAQs About TrendinGAP Broker
What Kinds of Accounts Does TrendinGAP Have?
TrendinGAP has five types of accounts. Those include Explorer, Basic, Silver, Gold, and Platinum.
How is My Security Ensured When Using TrendinGAP?
It is not. TrendinGAP doesn’t operate with a license, so you are exposing yourself to risk if you do business with them.
What Funding Methods Are Accepted at TrendinGAP?
TrendinGAP accepts several payment methods. Those include Visa, MasterCard, bank transfer and cryptocurrency payments.