How was Dennis scammed by Tradorax?
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Tradorax is owned by AM Capital Ltd. located at Marshall Islands. It is an unlicensed broker.
TechFinancial trading platform is used by Tradorax. The platform gives the investor to trade one touch, high low, and short terms options. Tradorax claim return on Euro/USD options at 85 percent. A boundary options is one of the favorite options because it can be used when markets are in any condition volatile or normal. The platform TechFinancial offers currency pairs of both minor and major currencies. Like Turkish Lira, South African Rand, and Norwegian Krone. The website is available in English, German and Russian. One should be aware while dealing with any unregulated brokers as this is where forex scam, binary options scam and other scams take place.
Dennis who authored comments in .scambroker.com wrote that he had deposited $42000 with Tradorax and did not work for 2 weeks as he went for a vacation. On coming back when he opened his account his password had changed. His account had been traded and only $ 65 was left in his account. He emailed to the company but did not get any reply. On going through his accounts he found Tradorax have put $6000 on trades many times on such an asset that Dennis would never do. He is of the opinion that Tradorax did the trade on his behalf and the brokers can be traced by their IP address. He is also not happy with their sign in method also. Henceforth he promises not to trust any off-shore brokers or brokerage firms. He lost money with Cherrytrade, Bloombex too in the past. He plans to deal only with those brokerage firms who are regulated by CFTC.