This brokerage company promises to provide clients with world-class trading platforms containing the latest financial industry innovations. However, the firm does not disclose the date of its foundation, place of registration, and license availability. It is worth noting that the legal documents for users include the Stocks Trends brand, which manages this resource, and the regulation of CFD trading in the UK.
Will it be profitable for you to trade on such an outstanding platform? In our SafetyTrades review, we will look at all the details and determine how safe this broker is.
How to Trade
The firm offers clients innovative packages that “can change how you think about trading”. What is their novelty, you will learn from the list of services:
- A single trade can be executed with different asset classes.
- MT4 Margin WebTrader platform provides access to the markets from any device.
- Cryptocurrency products are combined with “Swiss security”.
SafetyTrades provides 6 rates for registering your account and trading packages with ETF technology.
Fees, commissions, and spreads are not listed on the site. Customer support is available via online chat.
SafetyTrades Vital Info
The site owner does not disclose any information about the history of the project. As for the domain, it was registered only in December 2023. Meanwhile, Stocks Trends is presented as the company that manages the platform in the “Terms of Use” document. Under the “CFD Trading Rules”, the management between MT4 and Intermediate is governed by UK law.
We decided to ascertain the registration details of Stocks Trends and SafetyTrades in the registers of legal entities. As a result, we found only one of them in German — Stocks Trends, but this financial company has already ceased operations. Besides, these brands are absent in the list of brokerage organizations connected to MetaTrader 4. These are already red flags that warn us about the danger of working with a suspicious intermediary.
I can't call this broker a scam. I agree that my experience is relatively short, but it's enough to appreciate the quality and speed of execution of trades. I didn't see any slippages and requotes on safetytrades.com. Periodically there are delays with payments of funds, administrators consider the application for almost 10 days - this, of course, is a big minus. Many brokerage firms withdraw money instantly, especially in cryptocurrency. Also the client service here's a little behind the competitors in terms of quality, I don't always manage to quickly get in touch with the support team when I need it. But there are also pluses. There's a wide enough choice among different assets and you can trade several of them in one package without using a lot of orders.
I made a big mistake when I decided to contact safetytrades.com. I signed up at the invitation of a friend of mine on Facebook, he was looking for people to join his team so we could share a small percentage of our income with him. I thought: why shouldn’t I agree? Especially since he showed screenshots of his own large payouts of trading profits. I believed and invested $8,000 because there were supposedly no risks, but it turned out that there were. My account was blocked after a couple of days, and my money was taken by scammers.....
This broker is almost perfect. I heard about the company recently, but after starting cooperation I was convinced that SafetyTrades is one of the few brokers I can safely recommend on all parameters. I found an advanced MT4 platform with options that seemed tailor-made for my individual strategy. Besides the fact that safetytrades.com has a modern, convenient, and intuitive platform, I found a lot of interesting tools, trading with asset packages, and there are no problems with depositing and withdrawing funds, I always get quick help from an adequate support team and there are a lot of other advantages. The site offers several options of original programs for earning, I think to try something new soon as a way to diversify the portfolio. If you are still losing your deposits on the resources of scammers with B-book platforms, then safely go to SafetyTrades and you will realize how beneficial it is to work with this honest broker. I would give this service five points, but I was frustrated here by a very long registration and verification, which took me two days. So, I rate the resource so far only on four points :)
This is a promising intermediary, since the platform is new, there was practically no information about it, but after registration, everything becomes more or less clear to me. The company pays a profit, I confirm it on my example, every week I withdraw at least $600. The terminal works stably, there are minimal commissions, I don’t even feel their presence. In general, I'm almost satisfied with everything.
This is another dump, believe me, nothing good is waiting for you here! I checked - this fake company has no right to provide brokerage services. So if scammers will try to provide you with any documents, know that it is a fake! The fake email is listed on the website, you can easily verify it.
If you want to work with new "innovative" financial services, keep in mind that it is a big risk. Judge for yourself, Safetytrades withdrawal policy remains unknown, the owners of the site can not issue the elementary registration necessary for familiarization, there is no demo account. Thus, this broker requires a huge deposit and does not give any guarantees to clients in the return of funds. Personally, I am absolutely sure that this is another scam project with a dark past and absolutely no future. Most likely, we will soon see a lot of negative comments from deceived traders online.
I don't understand why I got involved with this scam! Now I have lost all my capital and I understand why there are almost no reviews online - scammers delete them! However, it will still be clear to everyone that these advanced swindlers deceive people and go unpunished!
These are heartless bastards... If I knew how I would end up cooperating with this company, I would never get involved with such a fraudulent site, but nobody warned me about the danger... Safetytrades is the first broker I decided to work with. I only read smart trading books before that and that's it. I ended up leaving these scammers with almost £12,800 in total over three months.
The broker has a lot of minuses, which I checked on my own. Firstly, it was quite problematic for me to register on the site; some difficulties immediately arose with this point. Secondly, the personal cabinet is not quite convenient and well thought out. Thirdly, the site safetytrades.com freezes from time to time, which makes me very nervous. Fourthly, I cannot withdraw the rest of my deposit of 2,368 dollars back to my bank card until I work off the bonus, which is impossible even for a very experienced trader. I advise you to immediately forget about your money and do not even try to earn if you have already fallen into this mousetrap. You will only lose time.
If you come across positive or laudatory reviews about this broker, do not believe a single word! This is all written by people for payment from crooks. I fell for this bait and registered on this platform. Managers promised to teach me how to trade and help me to increase my capital, and when I deposited a large sum of €5,500, they did not even let me start trading! The scammers blocked my account with all my money and now they do not contact me. They sent only one reply to my phone that they supposedly found suspicious activity in my profile and now they will look into it. I've sent ten requests to support@safetytrades.com, but none have been delivered. Given that the scammers ignored all my requests, I think that safetytrades.com used their Customer Agreement to steal my money.
I will tell you exactly - these scammers belong in jail, however, until the regulator saw and closed this scam. When I asked for help with the financial problems that the safetytrades scammers got me into, I was turned down by all the lawyers. They said that money transferred in crypto to an unknown address cannot be recovered. I lost more than €34k and I wouldn't advise anyone to contact these scammers.
I'm ready to recommend this broker to all traders, even beginners. It's a decent broker who takes care of comfortable and safe trading for clients. Since the payment discipline in SAFETYTRADES is also in perfect order, I can't complain about the long wait for profit withdrawal.