Classic Shares Td LTD is a CFD broker whose official website domain was registered on June 11, 2024. This broker primarily offers investment services in trading markets such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services in countries or regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the publicly available information on its official website, Classic Shares Td LTD (www.classicsharestd.online) is registered in the United States and uses "Classic Shares Td" as its trading name. Additionally, this broker claims to be regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Upon verification, regulatory bodies such as the Financial Industry Regulatory Authority (FINRA), the U.S. Securities and Exchange Commission (SEC), the National Futures Association (NFA), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC) have no records of a regulated company named "Classic Shares Td."
Therefore, Classic Shares Td LTD (www.classicsharestd.online) is, in fact, a broker website without any corporate entity or regulatory oversight, operating as a scam.
Account Opening Process
The process to open a trading account with Classic Shares Td LTD involves visiting the broker's official website, clicking "Open Account" on the homepage or "SIGN UP" in the top right corner, filling out personal information like name and email, setting a login password, and submitting the form. After account verification, the registration is complete.
Trading Instruments
Classic Shares Td LTD offers a variety of trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves exchanging different currencies, known for its high liquidity, allowing traders to profit from fluctuations in exchange rates.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. By exploring popular indices, a diverse array of trading opportunities can be discovered, utilizing high leverage to enhance potential returns.
- Commodities: Commodity trading covers essential global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations and dividends of public companies without actual stock ownership, benefiting based on the company's performance.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Classic Shares Td LTD offers four different types of investment plans: Basic account, Classic account, Platinum account, and Forex Signal Subscription.
Basic account:
- Minimum deposit: $500
- Minimum expected profit: $4,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
Classic account:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
Platinum account:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full benefits suite
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
Forex Signal Subscription:
- Professional Forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
Classic Shares Td LTD claims to provide the MT4 trading platform for users, offering deep liquidity, leverage up to 1:500, and some of the best spreads in the industry. However, upon investigation, the MT4 trading platform does not have a broker named Classic Shares Td LTD.
Deposits and Withdrawals
On its homepage, Classic Shares Td LTD states that users can deposit and withdraw funds via debit card, wire transfer, electronic check, or check deposit. However, the "FAQ" page contradicts this by stating that multiple deposit methods, including credit/debit cards and bank transfers, are not offered, supporting only cryptocurrency for deposits and withdrawals.
Conclusion
Traderknows reminds investors that Classic Shares Td LTD is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
