Tradeo

Financial Operations and Advisory
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147 reviews
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Customer Reviews about

Tradeo

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Saima Khan

1.00/5.00

"I told them many times i dont want…"

I told them many times i dont want anything to do with them but they still call me everyday!! Seriously you guys need to get a life!

20/05/2021

Nick

1.00/5.00

"Tradeo's Orchestrated exit from the UK"

Tradeo's Orchestrated exit from the UK
Tradeo was asked by the FCA to withdraw from the UK on the 4th May, after having previously been advised not to enter into new business with UK Residents. (You would expect that they saw it coming in advance of this).

It's no coincidence that many of the Tradeo investors were drawn into heavy loss-making trades from May 4th (or in other words trades that had no chance of profiting before the formal exit May 12). This would therefore reduce their repayment exposure.

Keep in mind Tradeo win, when the investor loses.

All seems unethical to me and should be subject to a class legal action. Would anyone agree?
Total agree this happened to me Jonathan Stone of financial 101, convinced me to hedge all my ongoing trades to raise capital then told me to open new trades, I questioned it and was told I would make a good profit and would be able to get it back at the weekend, went to bed with 115% in my free margin, woke up with all closed overnight, I doubt it is recoverable £98k

19/05/2021

sandeep

1.00/5.00

"Stay away from them.."

I really dont know how to say this..just to let u know one of the worst trading platform i ever traded with..pls careful with this people...i lost more than enough if possible pls save urself..thx

18/05/2021

FRANK TROPEA

1.00/5.00

"Stay away from this company"

Invested about 13k over period of 3 month. They closed account, and apparently their accounts managers are too busy to get in touch with.
Don't go anywhere near this lot.

16/05/2021

Coco and Lychee

1.00/5.00

"BEWARE of Seasoned scammers!"

Seasoned scammers!!
Unfortunately I came across the reviews only after I had invested into this company. I, like the other victims, went through the same process of starting with a sum of £200 and then being brain washed into investing more and more for NASDAQ and others. I declined the opportunity to invest in Dowjones and was given a long lecture by Jonathan Stone (who is of course not my broker but someone Tradeo had put me in touch with) from Financial101. First my confidence was built by allowing me to withdraw my profits from the account. Then more and more money was asked to be invested for rollovers, low funds in the account from fall in the market, etc. Eventually I was given 48hrs notice to close my account due to new Brexit related rules. I closed my account with over 20K loss because Jonathan had ensured that all my money was tied up in transactions which if closed instantly would result in huge losses!!
DON’T INVEST THE FIRST £200- that’s the beginning of a journey of extreme financial loss.....

15/05/2021

peter bullen

1.00/5.00

"Keep as far away as you can"

I'm a 72 year old man with savings of £5000.I put my trust and £4500 into Tradeo in March. Received an Email from Tradeo in May saying all money had gone.. Tried to get in touch with them by asking for a return call, off there client page, never got a response , gave up in the end Keep as far away as you can from this Company

15/05/2021

JSCPROCHAUFFEURS

1.00/5.00

"Scam company!"

Scam company!! After investing £3000 in January 2021 I received an email the other day saying Tradeo are no longer wanting customers from the UK and to withdraw any funds from my account, the grand total was £435.00!! All they try and do is get you to keep moving your money and loose more, £700 lost in the last 6 day.

14/05/2021

David

1.00/5.00

"Don't use these scamming so and…"

Don't use these scamming so and so's😡😡😡Lost a lot of money and again talk you to invest in a safe trade promising a good return then bang can you invest more. Lack of support only when asked to put more investment and when you do you then get conned into buy into Turkish currency and only give 5 minutes to make a decision and told you will see a loss initially but don't worry. Then get an email saying to close your accounts when you have lost everything. Ask for your broker to contact you via text message and then finally had to email the support team to be told I would get a phone call. Rang once but I was on a call and still waiting.
Has anyone managed to recover there losses as I am certainly going to get some legal advice.

One extremely unhappy investor.

Do not touch this company

13/05/2021

Kate

1.00/5.00

"I was conned out of a lot of money !"

I was conned out of a lot of money !! These people our just scammers told me to shut down trades and said buy the Turkish currency never came out the loss and I lost money from the start these people our scum please don’t deal with them they have no remorse for what they do Marcus Lynn and many more do not trade with them they need shut down took my hard earned cash disgusting don’t know how they live with what they our doing!!!!!

12/05/2021

Mrs Rosalyn Langley

1.00/5.00

"If you don’t have money to lose, don’t do it."

I initially deposited the minimum of £250 and was just trading slowly and learning as I went. Then I call a call as someone else did telling me to invest in crude oil. He convinced me and I made a deposit of £2500 from a credit card, stupid I know. Then, that same evening he got someone else to call me to try and coerce me into putting another £2500 in but I held my ground and said no. Anyway I put the funds into crude oil and it didn’t do anything like David said it would, the price hardly moved, I was making nothing so I closed the trade and went back to forex trading which I had been doing prior.
Then, last week I get a call telling me to invest in USD against Turkish Lira because within a day or two it is going to soar. I asked some questions, one of which was the swap charges as they can soon deplete your funds. After several attempts, David finally admitted that the swap fees were £150 a day! I would NOT invest in something with those swap fees so I didn’t do it. On checking the currency since, it has not risen as he said it would.
Then, two days ago I noticed an email in my junk Mail that said the following:

Termination of Your Tradeo Account

The management of UR Trade Fix Ltd. (Tradeo) would like to inform you that the Company has decided to proceed with the voluntary withdrawal of its Temporary Permission Regime (“TPR”) and subsequently to cease its provision of investment and ancillary services to all clients who are residents in the United Kingdom with immediate effect.

In light of the above, we would like to kindly ask you to proceed with the closure of all your open trading positions and thereafter submit a withdrawal request for the available cash balance at your earliest convenience and no later than 12th May.

In the event that you are unable to proceed on time with the closure of all your open trading positions, the Company will do it on your behalf. We would like to emphasize, that any positive cash balance will be paid back to you promptly thereafter and no later than the 21st May 2021.

We apologize for any inconvenience this decision may cause you.

If you have any queries, please send an email to support.

I queried this as I am still in deficit of my funds but have learned a lot and was gradually making my money back and they replied that they had no choice,mit was the FCA’s fault.

So, tonight I go to my account to withdraw the remaining funds, only to find that the amount they say I can withdraw is less than 50% of my balance!

In total I have lost over £2000 which was on a credit card so still have to pay it back.

I feel stupid and completely conned. And the standard response they give to negative reviews says they don’t give investment advice (LIE) and they don’t try and coerce people into making deposits (LIE).

Presumably, as they have had to close their UK operations, no one else in the UK can be conned by them.

UPDATE- I have now received an email stating that the remainder of my monthly will be refunded. Ignore their response, it is standard and never personalised to anyone’s situation.

11/05/2021
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