Opinions and information about the broker CiscoTrades
¿It is the broker CiscoTrades (aka ciscotrades.com) really trustworthy? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.
The broker CiscoTrades is a broker of: Forex, Cryptocurrencies and CFDs.
The broker mentions to be part of: Almost identical sro (false)
CiscoTrades is based in: Czech Republic. (false)
If we talk about regulation, the broker CiscoTrades does not mention absolutely anything about being regulated, CiscoTrades is an unregulated broker.
We will continue to analyze the different account types that CiscoTrades offers. In the case of CiscoTrades, we note that it has 3 different plans or types of account: Silver Account, Gold Account, and VIP Account.
Silver Account- Minimum initial deposit up to € 10.000, 1: 200 leverage (FX / CFD), 1:10 leverage (Shares), 1:10 leverage (Crypto), account manager, market signals, protection and secure transactions up to 10%.
Gold Account: minimum initial deposit up to € 50.000, leverage 1: 200 (FX / CFD), leverage 1:10 (Shares), leverage 1:10 (Crypto), account manager, market signals, protection and secure transactions up to 50%, 25% discount on Roll Over, exclusive access to quarterly reports.
VIP account: minimum initial deposit up to € 100.000, leverage 1: 200 (FX / CFD), leverage 1:10 (Shares), leverage 1:10 (Crypto), account manager, market signals, protection and secure transactions up to 80%, 30% discount on Roll Over, exclusive access to quarterly reports (x10).
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The platform used to trade is: CiscoTrades platform.
Now, yes, we will go on to analyze the different resources and aids that the company provides to traders on its website: some explanations of the products that CiscoTrades offers, an explanation of basic concepts of the investment world, some live charts, economic calendar , financial event news, pip calculator, really not much else.
Additional information about the company
Phone number: +44 20 3808 8563
E-mail: [email protected]
Clarification: If you think that our review is not correct, or you have a different opinion, we invite you to leave a comment in this same section - evaluation.
* Bonuses or promotions: None by the moment
With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.
Why? It is a broker that apparently uses data from another (known as a "clone broker") to try to appear genuine, the truth is that it is not regulated, we do not know what company it belongs to or where it is located. When looking for information and other reviews about CiscoTrades we found a lot of negative reviews.
February 2021 update: Thanks to customer messages, we have been able to verify that CiscoTrades is closely linked to tradeprofitweb, a disreputable broker that has scammed a lot of people.
April 2021 update: CNMV, Spanish financial regulator, You have reported CiscoTrades for fraudulent activities.
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