TenTrade Is a Scammer? Read More Here!

In a financial world rife with opportunities, forex trading has become an accessible and potentially lucrative endeavour for many individuals. However, the recent complaint against TenTrade Ltd., a brokerage company, sheds light on the challenges traders face when dealing with profit withdrawal and account discrepancies.

TenTrade Ltd. is a relatively new online forex broker. It is owned and operated by Holiway Global Ltd, a company registered in Seychelles. TenTrade offers a variety of trading products, including forex, commodities, indices, stocks, and cryptocurrencies. It also provides a variety of trading platforms, including MetaTrader 4 and MetaTrader 5. TenTrade Ltd. has a relatively low minimum deposit requirement of $100, and it provides a variety of account types to suit different traders' needs. TenTrade Ltd. is a relatively new broker, so it does not have as much of a track record as some more established brokers.

Based on the database of WikiFX, TenTrade only has a score of 4.20 out of 10, indicating that it does not qualify as a reliable broker, especially with such questionable licenses.

In this Exposure case, the trader states that they created an account with TenTrade Ltd. and purchased shares. In an attempt to capitalize on favourable market conditions, they executed trading transactions during late hours. To their delight, they observed profits in their account the following morning and promptly closed all their positions. Looking to enjoy the rewards of their trading acumen, the trader initiated a withdrawal request for the accumulated profits.

The situation took a distressing turn when TenTrade Ltd. allegedly denied the trader's request to withdraw approximately $1990.

The trader alleges that TenTrade refused to release his profits and questioned his integrity, accusing him of fraudulent trading.

Eventually, the trader was told that only his initial deposit of 600 USDT (as shown in the image below) would be returned to him, with the remaining profits withheld by the company.

This left the trader puzzled and frustrated, as they had never engaged in any activities that warranted such actions. Feeling aggrieved and sensing a violation of their rights, the trader informed TenTrade Ltd. of their intention to pursue legal action to secure their rightfully earned profits. The trader's response signifies their commitment to fairness and accountability, as well as their determination to seek justice through legal means.

While TenTrade Ltd.'s side of the story remains unknown, this case emphasizes the significance of transparency, accountability, and ethical conduct in forex trading. It serves as a reminder that traders, regardless of their financial status, deserve fair treatment and the opportunity to access their rightfully earned profits.

Case Update: The Role of WikiFX in This Matter

The investors, sensing a challenge, reached out to WikiFX for support. Recognizing the investor's predicament, WikiFX took immediate action. WikiFX serves as a crucial intermediary between investors and the trading platforms they engage with. In this role, WikiFX highlights any irregularities, bringing to light potentially unethical practices. After this situation came to light, TenTrade quickly responded by taking specific measures to achieve a safer environment for investors.

If you open the WikiFX exposure page and go to the relevant TenTrade column, you will find that these exposure complaints about TenTrade's withdrawal problems have been “resolved.” Which means that the victims successfully got their money back from TenTrade!

Conclusion

As a third-party forex industry information service platform, WikiFX has never aimed to engage in a life-and-death struggle with forex brokers but to protect the rights and interests of investors from infringement. WikiFX welcomes brokers as long as the broker allows investors to get their money back legally. Our aim is to make forex investment simpler and safer with advanced technology.

We applaud TenTrade for returning investors' funds. Meanwhile, WikiFX will continue to protect the rights and interests of investors, stand together with investors, and speak out for investors. For insights on broker reliability, visit our website at (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find your most trusted broker. Should you face challenges with any broker, WikiFX is here to assist. Reach our global customer service at +65-31290538 and +234-706 777 7762 on WhatsApp.