Overview of Traxalt Review:
The Trading industry is a great source of earning passive income. However, due to the thousands of scam brokers spreading like the flu in the industry, it has become difficult for the traders to openly trade and invest with a broker. These scam brokers hide behind legitimate firms and sometimes steal their identity to lure customers in. One such scam broker that we will be reviewing today is Traxalt. Traxalt claims to be one of the leading brokerage firms in the world with over a million clients worldwide. However, we will soon find out that all these claims are mere lies. Read on to know more about the Traxalt scam in this detailed Traxalt review.
In this section, we will be specifically discussing all the offers and demands met by Traxalt. We will also be explaining in detail why there are red flags in some of the points.
Regulation is a very important part of any review and research for a good brokerage firm. In order for a company to legally operate in the market, it must have a valid license from top-tier regulators around the world. This license not only gives the regulators the right to supervise the brokerage firms but also helps in keeping your money safe. We must always trade with companies that are regulated. In our case, Traxalt does not state any information about their regulation on the website. Upon a little investigation and cross-checking with the regulators, we found out that Traxalt is not regulated by any of these companies. This raises a red flag against the Traxalt scam.
Traxalt Contact Information and team:
Even though Traxalt’s website looks sleek and up to modern standards, it fails to provide much of the vital information that is needed by a trader while looking up for a company to trade with. The contact page of Traxalt only provides us with an email address. There is no office address or contact number provided on their website. This is very suspicious especially for a company that claims to be one of the world’s best. This raises yet another red flag against the Traxalt scam.
Regarding the team, Traxalt yet again reveals no information about the founders and the team. The fact that the company doesn’t even name an employee definitely means that it has something to hide.
Traxalt Demo Account:
Even after looking through their whole website, we could not find any trace of a demo account. A demo account is considered necessary as it helps the new traders in getting acquainted with the working of the trade market. All the legitimate brokers offer a demo account as they have to comply with the rules of the regulators. However, as Traxalt does not offer a demo account, we can be sure that the company is a scam.
In order to sum up, all that has been said above, we can safely say that Traxalt is a complete scam. We request our readers to do complete research before trusting any brokerage firm with their money. If you have been scammed by Traxalt, report now and get instant solutions for fund recovery.