101XTrade review/101xtrade.com SCAM 0 (0)

In this article, we will be discussing a company known as 101XTrade, which is an online trading platform that offers various financial products and services to its clients. However, after conducting a thorough investigation, we have found that 101XTrade is a scam.

At first glance, 101XTrade seems like a legitimate and professional company, with a modern and user-friendly website. They claim to offer a range of financial products and services, including forex trading, CFDs, and other investment opportunities. However, despite their impressive appearance, we have uncovered several red flags that suggest they are operating illegally and are not a trustworthy organization.

One of the first red flags that we noticed was the lack of transparency from 101XTrade. They do not provide any information about their company history, management team, or physical address. This lack of transparency is a major red flag, as it suggests that they may be hiding something.

Another major concern is the lack of licensing and regulation. 101XTrade claims to be regulated by the Financial Conduct Authority (FCA), but there is no evidence of this. In fact, the FCA has not authorized 101XTrade as a regulated entity, which means that they are not allowed to operate in the UK or other countries where the FCA has jurisdiction.

Additionally, we have received several complaints from clients who have lost money while trading with 101XTrade. They claim that the platform is unresponsive, and that they have been unable to withdraw their funds. This is a major red flag, as it suggests that 101XTrade is not a legitimate business and is instead engaging in fraudulent activities.

We also found that 101XTrade is using a number of tactics to deceive and manipulate their clients. They are using fake testimonials and reviews to make it appear as though they are a legitimate and successful company. They are also using aggressive marketing tactics to lure in new clients, and then disappearing with their money.

In light of these findings, we are strongly advising clients to avoid 101XTrade at all costs. They are not a regulated or reputable company, and are likely to engage in fraudulent activities. We urge all clients to be cautious and to do their due diligence before investing in any financial product or service.

In conclusion, our investigation has uncovered a number of red flags that suggest 101XTrade is a scam. They lack transparency, are not regulated, and have a history of deceptive practices. We strongly advise all clients to avoid