SureForexTrade.com Review Can You Trust Sure Forex Trade

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SureForexTrade.com Review: Can You Trust Sure Forex Trade?

Is Sure Forex Trade a scam? On the page, the brokerage claims to be a top binary forex broker. It promises to be able to “provide retail traders and institutions with exceptional liquidity, service and technology”. All these provisions will help them trade OTC and exchange-trade markets.

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The sole aim of Sure Forex Trade is to “provide traders with low cost access to foreign exchange markets and other product offering”. Trading with this broker guarantees investors of easy-to-use platforms, massive marketing range and effective risk management. It was founded in 2020 and claim to now have clients in all over the world and they have offices in 12 countries.

Sure Forex Trade Trading Platform

The trading platform used by the Sure Forex Trade Software is not MetaTrader 4. The MT4 is a user-friendly software that is popular among traders on forex. Sure Forex Trade instead offers a web-based platform with a leverage of 1:400.

It trades on the EUR/USD pairs with 0.1 pip.

Deposits and Withdrawals

The Sure Forex Trader allows payments and withdrawals through credit cards, wire transfer, Western Union, eWallets like PayPal, Skrill, Neteller, Skrill and Bitcoin. There is no information on minimum deposits and withdrawal charges.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine if this is a legit brokerage or not.

Is Sure Forex Trade Licensed

It is a tricky set of registration information on the page. First, it states that Sure Forex Trade is regulated by CySec. Then, it claims to be based in the US and licensed by FCA. This details may lead one to conclude that the broker has no legit license.

Support

To reach a customer care representative of Sure Forex Trade call: +1 (845) 422-4373.

Conclusion

The dodgy information on license and registration makes it difficult to trust this brokerage. Further, the absence of a minimum deposit is another reason for distrust. That it does not use the MT4 or MT5 does not help Sure Forex Trade image in the market.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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SureForexTrade.com Review: Can You Trust Sure Forex Trade?

The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Complex products, including CFDs and FX, come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk

Sure Forex Trade Review – is it scam or safe?

Sure Forex Trade is a forex and CFD broker, which also offers binary options and claims to be regulated in many jurisdictions, including the UK, Cyprus, Dubai and the Bahamas. Unfortunately our research shows that non of this is true, so if you are thinking about depositing your funds with them, better think twice and read this review.

Account type Min. deposit Max. leverage Spread s
Standard Account $1 1:400 n/a

Sure Forex Trade Advantages:

Lots of trading instruments

According to their presentation, Sure Forex Trade offers over 80 currency pairs and lots of CFDs on precious metals like silver and gold, commodities, indices, stocks and even bitcoins. Still, if you are tempted by the idea of trading crypto assets you may also check our list of brokers, trading with bitcoin CFDs:

Sure Forex Trade falsely claims to be a regulated broker

As we understand Sure Forex Trade is a trading name of Sure Forex Trade Limited, which is supposedly licensed by the Financial Conduct Authority (FCA) in the UK, Sure Forex Trade Financial Services Limited, which they claim is regulated by the Cyprus Securities and Exchange Commission (CySEC), Sure Forex Trade Global Markets Limited presumably authorized by the Dubai Financial Services Authority, and again Sure Forex Trade Global Markets Limited, licensed by the Securities Commission of the Bahamas.

It took us some effort to check the registers of all of the above mentioned institutions, and as we already noted in the beginning of our review, it turned out that non of this is true. Here you may take a look at our search result at the FCA:

Bear in mind that regulation is crucial for the safety of your investment, because if you deposit your money with a unregulated broker, you will have to rely entirely on the integrity of the people who run that business, and too often their integrity is not very high.

With an FCA broker you will even get an insurance on your account, that will cover up to 85 000 GBP of your funds, so here you may check as well our list of brokers regulated in the UK:

Sure Forex Trade sound like a typical scam. They falsely claim to be regulated by various institutions, including FCA and CySEC and they do not offer a reliable trading platform. So here our best advice is always to double check everything a broker tells you, especially any claims about regulation and authorization.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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