Established in 2022, TradeFills is an online forex broker registered in Saint Vincent and the Grenadines, boasting that it offers clients access to a massive financial markets, such as Foreign Exchange, Metals, Stocks, Indices and more.
TradeFills gives two choices of trading platform, with leverage up to 1:1000, spreads as low as 0.0 pips. Besides, this broker says it is available for 24 hours, 7 days a week to assist.
Is TradeFills safe to trade with？
When it comes to regulation, it has been verified that TradeFills, an unregulated offshore forex broker, has not authorized or regulated by any regulatory authorities.
And as early as September 2022, the Malaysian Securities Commission (SC) added the platform to the Investor Alert List. But during the past six months, TradeFills was active in Malaysia, luring people to invest with high deposit bonuses. Now the problem of withdrawals is becoming more and more serious. Once the company runs away, investors may not be able to get their money back.
Since the end of February, withdrawal problems in TradeFills have been found in Malaysia, with several customers complaining that their withdrawals have not been credited for a long time. And then similar situations have been occurring more and more frequently, involving more and more investors. Even the TradeFills’ employees posted for help, saying “Estimated losses cannot be estimated because there are too many people and there is no access to internal data to record.”
If you trade with a forex broker that is not regulated by a government agency, you are asking for a financial disaster. Please keep in mind the potential consequences.