Tradesxm Reviews 11

I decided to be with calm "os" hub since this platform is getting worse and no proper answers to all my complaints.

It was a total disaster. My mom was pleased with another service, Equitypathway and now I'm starting to doubt my choice to ignore it. They're the best out there.

Stay Away
I lost $11,000.00 in a few weeks.

They lured me with a small investment and showed me how easy it can be to make money.

Started with €500, then €5,000 and en extra €5,000.00

I never opened any position myself, they were all made with my Account Manager.
After 2 weeks the positions that he made me open fell drastically and he made me open other positions that were as bad.

At some point, when the position were really bad, he told me that I should invest even more.
Despite me telling him that I lost enough money and that I would not invest more, I was harassed every day to invest extra money.

I also received a phone call from another employee to explain that I should invest more, if you invest x amount, our company will double it.

Today I lost all my investment (I managed to save 280 dollars), and the conclusion of my Account Manager: this is your fault, you should have listened to me and invested more so we could diversify your positions.

After reading other reviews, I realized I was not the only one.

Be smarter than me, you have been warned.

At begining it was good for a few months but then it went in wrong way. They give you an "agent" aka "finnancial advisor" who want's you to deposit as much money as you have being very persistent. But when you make some profit of trading and want to withdraw it they kinda ignore your requests and ask you to trade more assets, with higher volumes. In my scenario the market went in wrong way despite the agent told me it wont happen for sure "we have skilled analysts", "it's safe", "trust me I have alot of experience" bla bla. After this happened I lost everything, so don't trust them what they tell you.

I lost 4000 euros,my whole account, my agent was Mario

They called me several times. Which was interesting that every time different number was shown on my phone. I spoke with a very pushy agent who tried to persuade me to invest money with them. He told me that everything is free of charge as Mastecard covers their costs. When I mentioned that I am not interested in he kept pushing me on a very aggressive way (why I am an enemy of my own money,etc.).

I was called as well from Cyprus and the brokers that I was talking to where from Belgrade as I remember one was Jovan and one was Petar.As well they where king and full of understanding but they as well offered me to invest 500 US dollars and I rod them than my mother is sick and that I was not well and they pretended that they care and the my made me believe that they are a good company so I made a mistake and I invested 500 US dollars but a week later I ended the money and they told me hold on for another week so I did but than when they called me I said that’s I need my money and the broker showed me my page with 500 US in it and he told me how to get the balance to zero and that was 7 days ago and have r got the money on my MasterCard and I never will.These people have no empathy,they are criminals and they should go to jail taking money from a sick people.Stay away from them or you will loose your money!

Had several attempted phone calls from numbers in Dubrovnik on Viber over the past week. Today I answered the cold-call, and spoke to one agent about this company, with a casual conversation warming me up to see if I was a good target for this kind of service. After a bit of chatting, another person took the call, seemingly taking it in person rather than being connected to a second number, but regardless I was given a full overview of the company and their product. They gave a spiel about how they investigate every possible profit opportunity and relay that information to me, in order to let me profit off of investments. I was told about an IPO in the electric car industry that had ties to BMW, with expected massive profits day one. I had no interest in trading or anything to do with stocks, but the salesperson kept pushing the idea to me, asking what I could possibly be concerned with and giving me hypotheticals and obvious logical choices, swaying any possible risks away and saying I have nothing to lose from this. Regardless of any semblance of a chance that this would give me money beyond my own imagination, the entire call started on Viber, was a cold-call, and overall it seems like a very suspicious business, with no sources of where this company came from by my own surface level research within Croatia or the US.

Cold called me initially.
We had a few follow up phone calls.
He was very pushy, and was addressing all my concerns.
Even when I said I don't want to trade with them, he kept going.
I told him that I don't have the trust in their brand/service. A newly registered domain, not much info about them and also found other reviews here.

Working in banking I could identify a couple of red flags (not gonna list here, don't want them to improve ;))

He was also suggesting to deposit 500 USD initially and see how quickly I make money with their professional traders' guidance.

I ended up just hanging up, because the agent couldn't take no as an answer.

Several agents over the past couple of weeks contacted me proposing an investment opportunity in Revolut IPO, saying the stock are bound to return 20-40% in two days after which we go into further investments. I immediately sensed something is off. I was curious and agreed to register an account on their website while receiving in-call guiding on how to register. As I have the autofill option on, my data pertaining to adress and phone number were filled in just before the agent started to explain how I need to put country code followed by my mobile phone number, all while accidentally giving an example of my exact phone number. I knew I was getting phished and said I had to go, to which he pressured me to input my ID details. This was in Croatia (they call from croatian number +38517776341) and both agents spoke serbian dialect. I suspect this was an attempt at identity theft. Be careful!

Received a cold-call, allegedly from Cyprus. Agent speaks my native language and claims he works for Cyprus company TradesXM.com. He's patiently and cordially “educating” me and advising me to transfer funds to their platform, so I will be able to “seize an opportunity” of profiting from their stocks' reservation regarding a certain IPO. Recommending a 500 USD starting sum. I‘ve concluded a talk by stating an intent of investing in a near future. An hour later I can’t login into the account. This raises suspicion so I’ve checked regulatory information on their web site, and that leads me down the "rabbit hole" where I’ve found out following:
1. “Terms and conditions” is an image file. Website’s owner Company is not stated in preamble, just that it is incorporated in South Africa. So, not in Cyprus after all.
2. Under “Termination by Client” section of terms and conditions full company’s data is provided: “Norvesta Investments PTY LTD, 87 van der Merwe Drive, Silverton, Pretoria, South Africa, 0164, Regulated by FSCA, License number: 50655, Registration number: 2019/477372/07”
3. Norvesta’s officer also owns/controls following companies, all of which are in a process of deregistration due to annual return non-compliance: Askari Compliance Services CC (in process of liquidation on Nov 5, 2022), Askari Compliance Services Administration CC (inactive), Norvesta Investments PTY LTD (former name: NettForexx PTY LTD in process of liquidation on Jun 2, 2023). All above mentioned companies have same officer and same contact phone number, but addresses keep changing - altogether 4 locations in Pretoria, South Africa of which 3 are residential.
4. Domains controlled by Norvesta’s officer include:
a. TradesXM.com and orbisfx.com – jointly registered in Sep 2021 within same registration order by Norvesta Investments PTY LTD and hosted at CloudFlare Inc., US;
b. norvestaltd.com - registered in Jul 2021 by Norvesta Investments PTY LTD and also hosted at CloudFlare Inc., US;
c. nettforexx.com - registered in Jan 2021 by NettForexx PTY LTD (now Norvesta Investments PTY LTD) and hosted at M247 Europe SRL, Romania;
d. nexamarkets.com - registered in Sep 2020 by NettForexx PTY LTD (now Norvesta Investments PTY LTD), now inactive;
e. askaricompliance.com - registered in Feb 2008 by Askari Compliance Services CC and
hosted at Xneelo (Pty) Ltd, South Africa.
All above mentioned domains have been registered with GoDaddy.com, LLC and anonymized by Domains By Proxy, LLC.
5. The above-mentioned websites (aside from old askaricompliance.com) are sharing same legal documents (all images) while only company name is changing.
nettforexx.com and norvestaltd.com are identical company websites (same design, address, contact phone and content) - company logo is different and “legal” section has less materials at newer (norvestaltd.com) site.
TradesXM.com is same as orbisfx.com, which is again same as nexamarkets.com (as described by comment titled “They just rebranded nexamarkets to orbisfx” under Orbisfx.com review) - all are trading sites also sharing same “legal” materials and references.
6. Internet reviews of NexaMarkets and Orbisfx (trustpilot.com, wikifx.com, personal-reviews.com, etc.) are consistent in modus operandi of mentioned sites: cold calls, agents persuasion techniques, described “opportunities” and suggested amounts, as well as problems with returns of transferred funds.
7. Considering TradesXM.com is the part of same group of sites, agents promoting it use same techniques and they all share same owner it is safe to claim it is a part of same investment scam operation which could potentially also include identity theft.