Beltrades Review Is Beltrades.com Legit Or A Scam

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Beltrades Review: Is Beltrades.com Legit Or A Scam?

Beltrades.com Review: this is the name of a Forex and Binary broker that claims to be based in the United States. Is Beltrades a legit broker or is it a scam? It is important to find out more about a broker before investing with them. Read this review to find more details.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Beltrades mentions that it is a broker that has its headquarters in the United States of America. Trades in this region are regulated by the Securities and Exchange Commission (SEC). However, it also mentions that it is registered in Cyprus under the CySEC. But, none of these commissions licenses this broker.

Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Beltrades

The page mentions that trading with this company is “simple, secured and reliable”. Further, they offer security, market analysis and many trading options. Their trading platform is also top-notch and allows use of robots.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Beltrades Trading Platform

Beltrades does not offer clients the popular MetaTrader 4 or 5. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

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Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: Forex, cryptocurrencies, shares, and stocks. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverage offered to clients is not revealed. Neither do we find any mention of spreads. Monthly profit ranges from 50% to 100% depending on the investment plan chosen.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Beltrades

The means that traders are to use to make deposits and withdrawals are: VISA, MasterCard and Bank Wire. There is no mention of e-wallet options and this is discouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $1000 and this is much higher than the average of between $100 to $250. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

We want to also inform our readers that the profit margin offered by this broker is high and ridiculous. The Forex market is unpredictable and a return of up to 100% is unrealistic.

Is Beltrades Licensed?

No. Beltrades is not licensed but falsely claims to be. This is unacceptable as it is a tactic to mislead readers and traders. Since this is an unlicensed broker, we want readers to know about this lack of licensing.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Blacklisted by The SEC

When we searched the name of the company online, we found a warning from the regulatory commission. It mentions that Beltrades is operating from a false address and that it is not authorized by them.

Support

To get in touch with the broker or contact the customer care, dial: +1-305-851-7198 or email at: [email protected]

Conclusion

Beltrades is not licensed and it is why we will give it a low rating. Traders should also be aware that most of the profit it offers are likely to be false. Finally, there exists a warning from a top commission advising traders to stay away from it. If you have anything to say about this broker, do so in the comment section.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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Beltrades.com Review

Check if Beltrades.com is scam or safe

This report can help you determine if Beltrades.com is a legit website.

Last updated 9 months ago.

Potentially Safe

The site is not very popular but seems safe.

Read the report below

Check Beltrades.com trusworthiness on WOT (Web of Trust):

This site has an unknown trustworthiness score.

Web of Trust is a web service used by millions of Internet users to rank the safety of websites.

I would personally not trust a website that has a low trustworthiness on WOT.

You can find the following links useful to improve WOT reputation:

Check if Beltrades.com is classified as malware on Safe Browsing:

This site is not currently listed as suspicious.

Google Safe Browsing is a service created by Google Inc. to identify malicious websites.

If the site is detected by Safe Browsing I would personally not visit it.

Check Beltrades.com through multiple third-party security services.

This should help you to better identify scam, phishing and malware websites.

If the site is detected by at least one engine it may be a threat.

Not Found

Not Found

Not Found

Not Found

Not Found

Not Found

Engine Result Details
Avira Read more
BitDefender Read more
Spam404 Read more
SpamhausDBL Read more
SURBL Read more
ThreatLog Read more

Check Beltrades.com domain with our database of “scam” words:

No suspicious words found in the domain name.

A legit shopping website should not use a branded name (i.e. rayban) in the domain name.

Only the original manufacturer (i.e. RayBan) should use its brand name in the domain name.

This option should help identify potentially fake online shopping sites.

Check if Beltrades.com uses a valid HTTPS secure connection:

This site uses an HTTPS secure connection.

Issued From Let’s Encrypt
Valid To August 27, 2020, 7:11 pm

An HTTPS secure (encrypted) connection is recommended for online shops and e-commerce websites.

So when you submit sensitive information they are securely transmitted over HTTPS.

I would never enter my credit card details in a non-HTTPS website.

Check if Beltrades.com is popular among Internet users:

This site seems to be not much popular online.

Beltrades.com is ranked #10,745,255 among millions of websites according to Alexa rank.

An Alexa rank higher than 0 and less than 500,000 means the site has a good amount of traffic.

The more Alexa rank is low (but > 0) the more the website is popular.

Check when Beltrades.com domain name was first registered:

The domain name was registered 2 years ago.

A domain created less than 3 months ago is considered new and thus potentially suspicious.

We may not have enough details to judge a website created only a few months ago.

Pay attention if you plan to buy goods from a “young” e-commerce website.

Check if the domain name has a commonly abused TLD:

The domain name has a commonly used TLD.

I would not buy goods from a domain that ends with .XYZ or .CLUB or .TOP.

We check the domain extension (TLD) to see if it is related to commonly abused TLDs.

Many scam websites have domains that end with uncommon and cheap TLDs.

This additional check should help you make the right choice.

IP Address 162.213.255.25
Hostname server143-1.web-hosting.com
Hosting Provider Namecheap
Country (US) United States

Before buy something from a new site:

  • 1) Check if the site has a “contact us” web page
  • 2) Avoid online shops that use free email providers (i.e hotmail, gmail)
  • 3) Check if the site shows info about its company (name, address, country)
  • 4) Check if the site has an “about us” or “company” web page
  • 5) Check if the site has a valid VAT or Partita IVA number (EU only)
  • 6) Don’t be fooled by low prices, if it looks too good to be true, pay attention
  • 7) Check if the site has a social profile (Facebook, Twitter, Instagram)
  • 8) Try to always first contact the website owner via email
  • 9) Analyze the domain WHOIS data to find info about the site owner
  • 10) Look for possible English (or other language) grammar errors
  • 11) Do not pay via credit-card, use PayPal instead (easier to get refunds)
  • 12) Verify that the website is certified by McAfee SECURE
  • 13) Never enter sensitive information on non-HTTPS pages

Please write useful comments by including proofs:

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