Trade Accord Investment is an online financial trading platform based in the UK, with the company entity registered on August 27, 2020. Despite its claims of offering various financial trading services in forex, indices, commodities, and cryptocurrencies, and having global licenses and regulations, there is no record of Trade Accord Investment in the UK's Financial Conduct Authority (FCA) database. This implies that the platform is not under supervision or regulation by the UK's financial regulatory authority, making the transparency and safety of its operations and fund management uncertain.
Trade Accord Investment's Corporate Background:
Trade Accord Investment is an online financial trading platform, with its domain established on September 16, 2020. The registered name of the platform is TRADE ACCORD (UK) LTD, with the number 06590148. A search in the UK's Companies House did confirm registration under this name. The company's registered address is 4-4a Blackburn Road, Accrington, Lancashire, England, BB5 1HD, and the entity was registered on August 27, 2020.
Trade Accord Investment's Regulatory Information:
Upon further investigation, no regulatory records for Trade Accord Investment were found in the FCA's database. The FCA is the UK's primary financial regulatory body, responsible for overseeing market integrity and transparency, ensuring financial institutions adhere to laws and regulations to protect investors and maintain healthy market operations. The absence of Trade Accord Investment in the FCA’s records indicates the platform lacks FCA’s authorization and regulatory oversight. Consequently, the transparency and safety of its operations and fund management are dubious.
Trade Accord Investment's Account Registration Process:
- Visit the Trade Accord Investment website and click the register button
- Fill out the application form
- Submit identity verification documents
- Deposit funds and start trading
Trade Accord Investment's Account Types:
Trade Accord Investment offers various account types to cater to different investors' needs. Below are the details of each account type:
GOLD PACK:
- Returns: 14% (after 1 day)
- Minimum investment: $50
- Maximum investment: $100,000
- Referral bonus: 10%
DIAMOND PACK:
- Returns: 19% (after 1 day)
- Minimum investment: $300
- Maximum investment: $100,000
- Referral bonus: 10%
PLATINUM PACK:
- Returns: 27% (after 1 day)
- Minimum investment: $2,000
- Maximum investment: $200,000
- Referral bonus: 10%
VIP PACK:
- Returns: 50% (after 3 days)
- Minimum investment: $10,000
- Maximum investment: $10,000,000
- Referral bonus: 10%
Through these different account types, Trade Accord Investment offers investors a variety of choices to suit different investment needs and goals. Each account type has different rates of return, investment ranges, and referral bonuses, allowing investors to select the most suitable type based on their investment capabilities and risk tolerance.
Trade Accord Investment's Trading Software:
Trade Accord Investment has not yet disclosed detailed information about its trading software, raising concerns among investors about its technical support and trading tools. The choice of trading software is crucial to the smoothness and safety of transactions. Therefore, investors should exercise caution when choosing a trading platform and prioritize those that provide transparent information and reputable trading software to ensure the safety of funds and smooth trading.
Trade Accord Investment's Trading Products:
Trade Accord Investment is an online platform offering a range of financial trading products to meet different investors' needs. The main trading products include:
- Forex Trading: Trade Accord Investment offers a wide range of forex trading services, covering major and minor currency pairs. The forex market is the largest financial market globally, allowing traders to profit from exchange rate fluctuations. The platform provides various currency pairs, enabling traders to create flexible trading strategies under different market conditions.
- Cryptocurrency Trading: The platform allows investors to trade various cryptocurrencies, including Bitcoin and Ethereum. The high volatility and growth potential of the cryptocurrency market have attracted many investors. Trade Accord Investment’s cryptocurrency trading services enable investors to profit by predicting price fluctuations and participating in the innovation and development of this emerging market.
Trade Accord Investment's Spreads, Leverage, and Commissions:
Trade Accord Investment's website does not provide detailed information on spreads, trading leverage, trading commissions, and other trading account details. This includes:
- Spreads: The platform has not clearly provided related information about trading spreads, which is the difference between the buy and sell price and often a primary source of revenue for the platform.
- Trading Leverage: The available leverage ratio has not been disclosed. Leverage can amplify a trader's capital but also increases risk.
- Trading Commissions: Information about trading commissions typically charged per transaction is not provided.
- Minimum/Maximum Trade Volume: No information on the minimum and maximum trade volume per transaction is given.
- Maximum Position/Order Volume: No details on the maximum position and order volume for a single account are offered.
- Margin Call/Stop-out Levels: Specific levels for margin calls and stop-out are not explained.
- Minimum Price Increment: The smallest price increment in trading is not detailed.
- Contract Size: No detailed information on the standard size of each trading contract is provided.
This information is vital for investors to understand trading costs, risks, and strategy formulation. Therefore, when considering Trade Accord Investment for trading, investors should cautiously approach these unknowns and consider contacting the platform for more information.
Trade Accord Investment's Deposit and Withdrawal Methods:
The deposit and withdrawal methods of Trade Accord Investment are not specifically described on its official website. Understanding these methods is crucial for investors when choosing a platform, as it directly affects the liquidity and safety of funds. Before deciding to trade with Trade Accord Investment, investors are advised to verify the platform's deposit and withdrawal methods and related fees to ensure that their funds can be safely and conveniently managed.
Trade Accord Investment's Customer Support:
Email: support@tradeaccordinvestment.com
Conclusion:
Although Trade Accord Investment is registered in the UK, the lack of transparent regulatory information and detailed trading conditions makes it imperative for investors to exercise caution when choosing this platform for trading. While the platform offers multiple account types and financial trading products, it lacks transparency in key areas such as trading costs, deposit and withdrawal methods, and trading software. Investors should thoroughly research and verify the legitimacy and compliance of Trade Accord Investment before use to ensure the safety of their funds and smooth trading operations. Trade Accord Investment is listed as "Suspected Fraud" on TraderKnows.