Why is this scam
TradePulseFX is a forex broker. Trade Pulse FX offers the MT4 and MT Mobile forex trading top platform. TradePulseFX.com offers over 10 forex currency pairs, indices, oil, cfds, gold and silver for your personal investment and trading options. Trade Pulse FX is not regulated and this is much more important than anything else they have to offer. The broker claims to be based in Dubai, UAE, and regulated as a Securities Dealer by the Financial Services Authority of Seychelles. However, Seychelles is an offshore zone, where forex brokers are not regulated, and if you choose to invest in such a company, this carries a significant risk. Although this broker charges no commission fees, the costs of trading is high because of the high spreads on most accounts. Spreads on Cent and Standard accounts start out at 3 pips on EUR/USD, while most brokers offer spreads which are significantly lower. In fact, one has to invest at least $1 500 (Elite account) with Trade Pulse FX to get some decent spreads.
The signs of confirmation
Our experience with them is a very bad one.
Just read what their customers said:
Testimonial 1: Stold over $14,000 USD from me. I have emailed many times, I am locked out of chat and no response to emails.
Don’t do business with tradepulsefx. you will definitely lose your hard earned money.
Testimonial 2: Recently I got register to a “Tradepulsefx” broker through a guy named “Ankit Kumar Goyal”. I deposited $ 2526.11” on 11 Jan 2018 through Neteller. Initially he made a profit in one trade for $ 197. Later suddenly he said all trades have gone into loss by mistake. Neither is he sharing the password nor the money. I even tried to contact the customer care through chat but there is no response and even if they respond, it gets disconnected. I invested thinking that I can get little profit which I can use for the treatment of my father who is suffering from cancer. Kindly help me out to recover my hard earned money.
Let’s see the other signs.
Trade Pulse FX claims to be based in Dubai, but the company operating it, Trade Pulse FX Limited, is registered offshore, although Dubai has a financial regulatory agency – the Dubai Financial Services Authority (DFSA). Furthermore, according to the information on the broker’s website Trade Pulse FX Limited is operated by Tmill UK Limited, a FCA-regulated company that owns the popular forex brand Tickmill. We doubt whether the two companies are connected in any way, but even so, this does not make Trade Pulse FX regulated.
Recommendation – Better stay away from them. Red flag!