TrendsMacro is an unregulated broker that has been making waves in the online trading community lately. Some people have accused the company of trying to steal people’s money, while others have praised it for its user-friendly platform and helpful customer support. In this article, we will take a closer look at TrendsMacro and try to determine whether or not it is a scam.
We care about you making money” is written on the front page of this broker’s website, which caught our attention. We’ve never heard a broker say something like that.
So, we decided to do a review of TrendsMacro to see if this broker is telling the truth. Don’t expect too much from this broker. We don’t want to ruin it for you.
TrendsMacro – Security and Rules
TrendsMacro is a broker that has only been around for less than a year, so there are definitely too many bad things said about it. The Marshall Islands-based company ASCANA Group Ltd owns the brand.
The broker also says that there is another business in the UK with the same name. This makes me wonder if brokers are regulated.
Why is TrendsMacro Regulation a Bad Idea?
If a broker says it is based in the UK, it needs to be regulated by the FCA. This is why we looked for this or ASCANA Group Ltd. in the FCA register. Not only did we not find any rules about TrendsMacro, but we also found complaints about the broker.
Well, it’s obvious that the company doesn’t care if you make money or not.
Financial regulators send out warnings
As was already said, the UK FCA put this broker on a list of scams and blacklisted it. After the FCA, the Italian CONSOB sent the same message.
Anyone who has been scammed by TrendsMacro or had trouble getting their money out is encouraged to report it and file a complaint about the broker.
What kinds of trading platforms are there?
We couldn’t test the TrendsMacro trading platform because there is no Demo account. But we did notice that the broker lets you trade on the MT4 trading platform, which has desktop, mobile, and app versions. So far, this is probably the only good thing that can be said about the broker.
If you look at the leverage, you’ll see that it goes as high as 1:400, which is typical for scam brokers. Regulators don’t let you use this much leverage because they don’t want you to take on too much risk.
Based on our reviews of TrendsMacro, we’d recommend that you don’t open an account with this shady brokerage. Also, Royal C Bank and Swiss Markets brokers are ones you should stay away from.
What kind of trades can you do with this broker?
“Competitive range of trading assets” is yet another thing that the broker’s website says. Well, if you want to compete, you should at least have something that most traders want. The broker lets you trade currency pairs, commodities, stocks, and indices, but cryptocurrencies are not one of the options.
When it comes to TrendsMacro’s minimum deposit, the Bronze account needs $250. Traders can also start with the Silver, Gold, and Platinum accounts, which require between $2,000 and $50,000 deposits. All of this is too much for a company like TrendsMacro forex broker, which doesn’t have to follow any rules.
Broker from TrendsMacro ripped you off? How to Do It?
Let’s put it this way: you are not the only person who has been scammed by TrendsMacro. In many countries, the broker is doing things that are against the law, and many people have already had to deal with this.
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