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SafetradePortal Review | Maximizing your profits or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 1
SafetradePortal - logo

Would you like to maximize your profits in the booming market? That’s exactly the kind of offer SafetradePortal makes. And as a true connoisseur of such offers, I naturally take on the task of exposing them. Read my review, and in just 10 minutes, you’ll understand why this is a scam. So, let’s get started.

Highlights

🏛️ Country UK
⚠️ Regulation
🖥️ Website https://safetradeportal.com/
🎲 Demo Account No
⏳ Start Time 2024
💲 Minimum Deposit $10,000
⚖️ Minimum and Maximum Leverage 1:10-1:200
⚙️ Trading Platform WebTrader
📨 E-mail support@safetradeportal.com
📞 Phone +442394318100

First Impression of Safetradeportal.com

Well, I have something to say about their official website. Though, you won’t hear anything good from me. Specifically, I was appalled by its design. What’s with that acid-green eyesore? Couldn’t they hire a decent designer? And that smartphone plastered across half the page? Oh, that’s supposed to hint that you can trade on the go, of course. What joy. By the way, for some reason, the site is only translated into English and German. Apparently, it’s assumed that there will be a fairly limited audience here.

Finally, I can hardly find any important information about the company here. There’s just so little of it. The broker effectively remains anonymous. It reveals the bare minimum of information.

SafetradePortal - website

Partnership and Bonuses

In search of bonuses, I scoured the entire website. I only found a mention that they offer a swap discount. However, it is higher the higher the rank of your trading account. Otherwise, I can’t say anything about bonuses. They are not described directly on the site. As for the affiliate program, it seems there isn’t one here either. There are no hints of any affiliate programs even in the registration form.

Account Opening on Safetradeportal.com

I would like to start by saying that registration on their platform is very straightforward. However, this simplicity is only apparent at first glance. The form seems to be missing some important information. To register, you only need to provide your first and last name, along with your phone number and email address. Then, your personal data will be sent to who knows where.

In the next step, you will be told that your registration is complete, but you won’t be allowed to log in until you provide the correct email address or password. The problem is that there are no correct credentials. The system simply hasn’t created an account for you yet. You will need to contact their project managers in order to resolve this issue.

So, in this way, I couldn’t access the client portal. It’s frustrating for part of the investigation, but what can we do? For now, I’m deducting a couple of points for this broker’s secrecy.

Verification

Well, in the broker’s documents, it is clearly stated that they require verification. For this, you will have to go through a fairly standard process. You will need to provide the company with some data. These should be copies of an identity document. In particular, it could be a passport, ID card, or driver’s license. Additionally, you will need to confirm your residential address. A bank card statement or utility bill may be suitable for this.

However, where to send these documents is a mystery. Whether this can be done in your personal account is a real puzzle either. In any case, you can probably send them to the broker’s email. However, how long the verification will take is also a question.

Pros
  • Verification is mandatory.
Cons
  • It’s unknown how long the verification process will take.

Trading Software

I would deduct another 10 points from the broker for the trading platform, or rather, its absence. There is no mention on the website about what software they use, who the developer is, and so on. It gives the impression that SafetradePortal simply forgot about it. I can’t access the client portal to see it for myself. Well, at least I can check the AppStore and PlayMarket. And of course, I didn’t find any information about whether this broker even has any downloadable platforms. So, the maximum they will offer you here is a web trader. And even that without a demo account.

Features SafetradePortal SWP Trading  Lemaken
Demo Account ✔️
Mobile App
Own Development

How Can I Trade With SafetradePortal?

Well, it’s time to see what this company has prepared for us. I’m already excited.

All Info About Accounts

And what do you think? They have more account types than you can eat cookies at once, precisely 8 of them. The minimum tariff is called Standard. It requires a non-standard deposit of $10,000. There is another “democratic” account – Islamic. You can also top it up with just $10,000. The rest of the accounts require larger amounts, up to $500,000.

The leverage varies from 1:10 to 1:200 depending on the type of account you choose. Unfortunately, the spreads are not described. All attention here is focused solely on additional services. I even got a bit overwhelmed by such variety. However, I identified one pattern. It’s very simple. The higher your deposit and account rank, the more services you’ll receive. Not a very healthy approach, of course. Considering that there’s hardly anything valuable in these additional accounts. At least, it gives an idea of ​​which category of traders this company is targeting.

Pros
  • Additional services.
Cons
  • Excessively high minimum deposit.
  • Questionable value of some services.

Market Analysis and Education With Safetradeportal.com

Well, they do have a lot of services related to education and analytics. I’ll remind you: the higher the deposit, the more services you get. Meanwhile, their value is questionable, here’s why. There isn’t a single example of successful technical analysis from these experts available publicly. Or even one webinar recording. However, on platforms of licensed brokers, you’ll find dozens of similar options. And all of them will be available without the need to open expensive accounts. Plus, it’s worth inquiring about the qualifications of these analysts. What if they didn’t even receive any education?

Deposit, Withdrawal, and Fees

Another puzzle is how to fund your account here. SafetradePortal doesn’t say anything about it. From fragments of sentences in some documents, you can understand that bank cards are accepted here. And that’s it. There are no mentions of the fees for deposits. And nothing is known about withdrawals either. They don’t mention any fees again. The only thing they mention is that your request will be processed within 5 business days. And by the way, that’s also quite long, actually.

Features SafetradePortal Forexeze  TRXprotrade
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

You can contact this broker by phone and email. Just keep in mind that the address is likely fake. Because there are no mentions of such a broker in the UK on the maps. You’re unlikely to find open arms there.

Pros
  • Contact details available.
Cons
  • Fake address.

Is SafetradePortal Dangerous?

Well, let’s now move on to the most important question that concerns me. Is it safe to trade on this platform?

How Long Does The Broker Work?

I am also concerned about the fact that the broker has not been active for very long. By checking its domain, I found out that it was registered on February 20, 2024. So, in fact, it has been operational for just over a month. Hence the unfinished website and the minimum information about the project online.

Domain info

How Is SafetradePortal Regulated?

Finally, what concerns me is the legitimacy of the project. To check it, I needed to understand where it is registered. And this turns out to be a real mystery. There is no information in the documents about where the company’s headquarters are actually located. Its name is also not specified. And it’s not even mentioned whether it has obtained any licenses. However, the contacts indicate the UK. So it was easy for me to check this information.

And of course, I found that there is no data about a broker named SafetradePortal in the UK registry. By the way, there is also no data in the FCA registry about a license for this project. So it is providing its services completely illegally.

Features SafetradePortal Stockstrends.com  SmartMarket26
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

Kevin Berry
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Expert Opinion

You know what else? These guys are familiar to me. In particular, I’ve seen them under the name TauraGlobal. And you probably have too if you’ve read our previous reviews. Along the way, I realized that they have the same problems in principle as on this platform. And all the documents are exactly the same. They just changed the picture on the website and some names here and there. Yeah, I guess it’s hard to come up with something new and original these days. That’s why scammers are now fond of launching clone attacks.

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

1 review about SafetradePortal

Lukash March 28, 2024 - 21:11
Don't believe
The level of trust

Here’s how these lousy and fake brokerage companies like SafetradePortal scam people and disgrace the entire forex trading industry. It’s because of such dirty and fraudulent companies that people think I’m doing something shady and getting scammed left and right. But I’ve been trading forex for 6 years and made a lot of money, but I don’t trade in such stupid and fraudulent places. I trade in a reliable place with 10 licenses, 20 years of experience, and many partnerships. Unfortunately, I can’t reveal the name, or else the moderators will consider my review as advertising and block it. But I want people to see the truth, that they’re dealing with a fraudulent broker who won’t give them anything and will take away all the money they deposit. Don’t trade in such places. Everything here is artificial. All the numbers and statistics are fake, invented by scammers to more skillfully scam people out of their money. There are no licenses, no guarantees here, there never were, and there never will be.

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