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Autotradeguru.com Review | Is this broker a scam or can be trusted?

by Kevin Berry
Rating: 
  1.2/5   Reviews: 2
Autotradeguru.com - logo

The main goal of the Autotradeguru.com review is to prove to you why this company engages in fraud and why such platforms cannot be trusted because it guarantees the loss of money. Yes, the broker is a scam, devoid of any positive attributes. If you’ve found your answer, you may not need to stay, but if you’re interested in learning the arguments, please continue reading.

Highlights

🏛️ Country Ireland
⚠️ Regulation
🖥️ Website https://autotradeguru.com/
🎲 Demo Account No
⏳ Start Time 2024
💲 Minimum Deposit
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@autotradeguru.com
📞 Phone +441133407658

First Impression of Website

The Autotradeguru.com review begins with its official website, which cannot be considered comprehensive or serious. It feels as though it was left unfinished, abandoned halfway through. The firm has presented a simple resource with just three sections: the homepage, company information, and contacts. There is also a login button at the top, but curiously, the registration button is missing.

Autotradeguru.com - site

As you navigate the homepage, you can see the advantages the company offers its clients, an online table with quotes, and even statistics showing that Autotradeguru.com has 2.6 million users and a monthly trading turnover of $1.3 billion. However, such figures do not inspire much confidence.

The site also displays several reviews that cannot be trusted, as the company’s representatives could have written these comments themselves. At the end is a small FAQ with general trading questions, an address in Ireland, and a language toggle button (supporting Russian, Polish, and Romanian).

Yet, the company has not shared anything about itself except for the address and contacts. Even the trading conditions are not specified. Therefore, just by looking at the official website, one can confidently assert the platform’s lack of transparency, which is a serious negative factor. Safe brokers are required to disclose legal data, conditions, and licenses.

Partnership and Bonuses

Typically, companies provide comprehensive information about bonuses and affiliate programs on their websites, but none is observed here. Mentions of bonuses and an affiliate program are absent, so, likely, such options are not offered.

It’s strange to see this. An affiliate program is an excellent tool for a broker to attract new clients. And for traders, it is a good additional income that does not depend on their trading results. Thus, the absence of such an opportunity can be considered a drawback.

Account Opening

An essential element of the review is examining the registration process and the personal account area. However, Autotradeguru.com does not have a section for creating an account on its website; there is only a login. Even clicking on “Sign up now” on the homepage opens a window to enter data for an already registered user.

Still, how to start trading with the broker remains a big mystery. And, of course, this cannot be characterized as a positive aspect but rather a negative one. Would a fair and safe organization close off registration? Unlikely. It’s clear that such an approach is exclusively fraudulent. As practice shows, illegal firms for unknown reasons do not allow freely opening a personal account.

The last point I want to highlight in this section is the impossibility of trying out the service on a virtual account, as such an option is not even mentioned anywhere.

Verification

Regarding verification, nothing is said, nor is there any AML & KYC policy. It’s important to remember that the verification process is an integral part of any brokerage company that operates in compliance with all legislation and regulatory requirements. Financial commissions require that brokers know who uses their platform and where the client lives, so verification should be mandatory if the organization truly operates officially and legally.

Autotradeguru.com does not even mention KYC, so there is no information whether the verification process is mandatory or not, or even if it exists at all. It indicates a lack of licensing and non-compliance with regulatory requirements.

Pros
  • Not found.
Cons
  • AML&KYC policy is absent.
  • There is no information regarding the verification procedure.

Trading Software

If it were possible to register an account, I could assess the platform, its capabilities, and its functionality. However, since it’s impossible to create a personal account, testing and studying the terminal is unfeasible.

Additionally, Autotradeguru.com provides almost no description of its trading platform. Based on the text from the official website, one can only assume that the terminal supports technical analysis with graphical tools and indicators. Other options are not described. It’s unknown whether mobile versions are available, whether it is possible to connect advisors for auto-trading, and much more.

Features Autotradeguru.com SafeTradeNet Fundiza
Demo Account ✔️
Mobile App ✔️
Own Development ✔️

How Can I Trade With The Broker?

The full list of available trading instruments is not specified, but it is known for sure that clients have access to Forex. According to information from external sources, the company offers leverage of 1:400, and trades volumes from 0.01 lots, with a minimum deposit of $250, but these details are not fully verified.

All Info About Accounts

Autotradeguru.com does not describe the trading conditions at all. Most likely, there is only one type of account, rather than the usual division into several tariff plans. The sizes and types of spreads remain a mystery, as do commissions, swaps, and other trading condition parameters.

Conditions

Such opacity and total secrecy are serious red flags. Verified brokerage companies always specify all details regarding trading conditions, and only scammers try to hide this information, the purpose of which I do not fully understand.

It’s also worth noting the absence not only of a demo account but also of an Islamic tariff and ECN. Most likely, it is a typical dealing desk that does not route traders’ orders to interbank liquidity or providers. Therefore, all client trading requests are processed within the platform, indicating a conflict of interest. It is not recommended to cooperate with such organizations because they are directly interested in client losses.

Pros
  • Not found.
Cons
  • Trading conditions are not specified at all.
  • There are no options such as demo and swap-free.
  • The business model with conflict of interest. No ECN/NDD/STP.

Market Analysis and Education

Regarding additional services, there’s not much to say. Autotradeguru.com could have created comprehensive training courses for those just starting to learn about trading, but they did not. Furthermore, the presence of a team of analysts providing daily quality analysis of charts and financial events signifies the seriousness and solidity of a brokerage organization, but this is also missing.

It’s unclear how the firm plans to attract clients when it offers nothing. Brokers compete for every trader by inventing their own unique advantages, but there’s nothing here.

Kevin Berry
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Expert Opinion

In fact, this review of Autotradeguru.com could already be concluded, as each section reviewed contains negative aspects. An uninformative website that provides no benefit to visitors, completely unknown trading conditions, lack of information about the platform, absence of mandatory identity verification, and the inability to freely register an account. The number of negative factors is simply off the charts. And I haven’t even covered such aspects as the duration of operation and legitimate status yet. This broker is too suspicious, not resembling a verified, honest, and safe one. So, I will continue to investigate further, we need to expose these fraudsters.

Deposit, Withdrawal, and Fees

The user agreement states that information about methods of depositing and withdrawing funds is on the official website. However, this is not the case. I saw nowhere that the methods and commissions for financial transactions were detailed. Moreover, the broker does not specify how long it will take to process withdrawal requests, only writing that it “may take some time”. What kind of nonsense is this? Users should know exactly how long their requests will be checked.

Features Autotradeguru.com Wiolin SWP Trading
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

The only thing Autotradeguru.com specified is contact information and address. This requires mandatory verification. However, the check showed nothing. The phone number is only listed on this company’s website, and the email is real. If the company was able to register an email and list it on its website, why can’t it specify other details, at least the trading conditions?

Despite having a phone number and an email, as well as a feedback form where users can write messages, an online chat is missing. By the way, this is a very convenient way to quickly communicate with support staff. There are no social networks, and I still need to check the office address, and something tells me that it will be fake.

Pros
  • A phone number and email are available.
Cons
  • No online chat.

Is It Dangerous?

Is there any doubt about the platform’s danger? I think no one doubts that Autotradeguru.com is a fraudulent organization. However, it is necessary to further check how long the company has existed, whether it has any licenses, and whether the address listed in Ireland is real. I suspect there is no regulation, the address is fake, and the company has been operational for a very short time. To be 100% sure, I need to check the registers.

How Long Does The Broker Work?

Can anyone find the founding date on the official website? No, because it is not listed. This is another significant sign that the firm is fraudulent, as the actual duration of the operation is likely less than a year, probably just a few months. Thus, scammers do not want to indicate the real founding date as it would deter potential partners.

The approximate date the platform started operating can be determined by the domain of the official site, specifically by its registration date. Autotradeguru.com was registered in January 2024. It is now clear that the company has only existed for a few months.

Domain

How Is Autotradeguru.com Regulated?

No licenses are listed, but there is an office address in Ireland, so I will look for company information there. Brokerage companies registered in this jurisdiction are regulated by the Central Bank, so I need to look for a license from the Central Bank of Ireland. The check showed that such a broker does not exist in the Central Bank of Ireland’s registry, meaning it does not have a license, which indicates illegal activity.

Autotradeguru.com - CB of Ireland

Could the firm just be registered in Ireland but not yet licensed? No, this theory did not hold up, as Autotradeguru.com is also absent from the registry of legal entities.

Ireland

So my suspicions about the fake legal address were correct. The firm is not only unregulated by any financial commission but also is not registered in Ireland.

Features Autotradeguru.com Nixse Mayfair Wealth Ltd
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

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Autotradeguru.com rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about Autotradeguru.com

Zherar April 4, 2024 - 19:03
I don't think it's a safe place to invest
The level of trust

I don’t know, I don’t know… the company looks very risky and unreliable… if the broker had provided all the necessary information, including registration papers, documents, license, and so on, then it would have been good, but they did not do this… there are few reviews online, so the stated figures are probably fictional… I’d give it 2 points, but I’d rather give 1 point, after all, the risk is huge…

Reply
Dubai April 22, 2024 - 10:27
Spread the word about scammers!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Please do not believe the scammers from Autotradeguru.com because they want to deceive you and scam you out of your money. I do not understand the purpose of this illegal project, whether it is brokerage services or some other option, but I know one thing – they are scammers who are duping people out of money. They seek victims using various methods, groom their victims, and then lure investments.
The activity is not regulated! This is a fake company, it is not registered, so YOU CANNOT COLLABORATE WITH THEM! Spread the word wherever you can. People need to know about the fraud.

Reply

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