If you’ve landed on this review of TradingAICoin, it means you were looking for an answer to whether the platform is fraudulent. I can definitively tell you that it is a scam involving a fake website and fictitious offices in the UK and the Marshall Islands designed to swindle people out of their money. You’ve found what you were looking for, so you can close this page, but if you want to know why you still should not trust the broker with your money, stay tuned – it will be interesting.
Table of Contents
Highlights
| 🏛️ Country | United Kingdom, Marshall Islands |
| ⚠️ Regulation | – |
| 🖥️ Website | https://tradingaicoin.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2024 |
| 💲 Minimum Deposit | $5,000 |
| ⚖️ Minimum and Maximum Leverage | 1:200 |
| ⚙️ Trading Platform | WebTrader |
| support@tradingaicoin.com | |
| 📞 Phone | +41525087111, +41525087112 |
First Impression of Website
Let’s start by examining the official website, as it is the beginning of any acquaintance with a company. I will tell you right away, the company presented a site using a template that is quite common. Such a design is very popular among fraudulent companies, so it is unlikely that this firm will be an exception.
The site is translated into German in addition to English. Meanwhile, at the top of the page are standard sections with the platform, account types, brand history, contact data, market overview, and crypto assets.
Reading texts about the advantages and merits is pointless. They contain nothing useful or specific; it’s just a waste of time. TradingAICoin offers a dull and useless website, as many details are simply missing: operational period, licenses, legal data, and more. It’s clear that the creators did not attempt to make a beautiful and informative resource but merely copied a ready-made template and changed the name.
Partnership and Bonuses
It’s great when a company discloses all the information regarding its affiliate program and bonuses, but it is not the case here. Do you think, if bonus promotions are not mentioned on the site, they don’t exist? Not so fast. In the user agreement, you can find mentions of bonuses and their conditions, which certainly cannot be called favorable.
TradingAICoin requires a trading turnover that exceeds the amount of the deposit and bonuses by 30 times. Only after this can clients withdraw the bonus funds and the profits obtained from them.
As for the affiliate program, nothing is known about it. It is not mentioned on the site, nor is there any information in the user agreement. Typically, the requirement to enter a referral code signals the presence of an affiliate program, but there is no such code here. Apparently, the referral program does not exist, which is a serious shortcoming.
Account Creation and Personal Cabinet
Next, let’s look at the personal account to find out whether it is convenient and what capabilities are available to clients. To register, you simply click “Open Account”. After that, a window pops up, which you can see in the screenshot below, where you need to fill in the information: name, contacts, password, and country. Strangely, there is no request to agree to the user agreement.
The personal account is registered, and no email has come, although it was expected that a confirmation email for the account creation would arrive. The client portal at TradingAICoin looks very simple. On the left is a menu with basic actions:
- Deposit and withdrawal of funds.
- Personal information.
- Identity verification.
- History of money transfers.
- Account summary.
- Refer a friend.
It turns out that the broker does offer an affiliate program after all. However, the rewards are not paid out as real money from commissions, but as bonuses. Both the referred client and the referrer receive 100% of the amount of the first deposit. Such an affiliate program is not beneficial, as the payouts are made in the form of bonuses, which are subject to certain conditions.
The only thing I did not notice was the presence of a demo account. It appears that TradingAICoin does not even offer such an option, as it is simply not mentioned on the site.
Verification
Verification is very easy. In the relevant section in the personal account, you need to select the file type and then specify the path to it on your computer. There, you can also read why the broker requires KYC and what documents are necessary. In general, TradingAICoin conducts a standard verification procedure, just like anywhere else.
However, I advise against rushing to provide documents since the company is unverified, and there is a high probability that your personal data could fall into unwanted hands. Documents should only be uploaded to companies that are trusted by traders and have licenses and official operations.
- Simple functionality for uploading documents.
- Processing time for documents is not labeled.
Trading Software
It’s time to talk about the trading platform, which is also an important condition when choosing a company. However, looking at the trading terminal offered to users at TradingAICoin, you are unlikely to feel the urge to try it out immediately. It is a primitive and overly simplified terminal, which also lacks mobile versions. Yes, you cannot download the platform to your iPhone because the software does not have mobile versions. Moreover, you cannot even download a desktop version because it does not exist.
Judging by the interface, the terminal uses the functionality of the popular service TradingView, so traders have access to many tools for technical and graphic analysis, such as Fibonacci lines, support and resistance levels, sloping trends, and others. Clients can also use limited orders and set stop-losses and take-profits.
The functionality is clearly cut down. Many options are unavailable. And if you compare this platform with others that are more popular among traders, it significantly lags behind. It is unlikely that TradingAICoin will introduce a more serious and advanced alternative, because the broker’s task is not to provide the best service to its clients. Its task is to rob them.
| Features | TradingAICoin | ApexProfits | AllTradingEurope26 |
|---|---|---|---|
| Demo Account | ❌ | ✔️ | ✔️ |
| Mobile App | ❌ | ❌ | ❌ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With The Broker?
It’s time to find out how profitable it is to trade here. The review of tradingaicoin.com moves on to examine the trading conditions, including depositing and withdrawing funds, and additional services.
All Info About Accounts
To start trading, you need a minimum of $5,000. Considering the fact that there is no demo account, such a requirement for the initial deposit seems absurd. Traders can choose from 7 tariff plans, which differ little from one another. Essentially, the better the account type, the more money needs to be invested, but this also means higher leverage, more assets, and larger contract sizes.
TradingAICoin offers customer support, a minimum order size of 0.01 lots, leverage up to 1:200, and tight spreads. The exact spread size is not specified, and contract specifications are absent. Also, the sizes of commissions are hidden, so it’s impossible to determine whether it is profitable to trade here or not.
The size of the leverage indicates a lack of licensing. Additionally, it’s worth noting the absence of an Islamic account. Add to this the high requirements for a minimum deposit, and hidden trading conditions, and you get a broker that is absolutely unsuitable for serious trading.
- None.
- $5,000 is a huge minimum deposit.
- No demo or Islamic account.
- Commissions and spreads are not specified.
Market Analysis and Education
Additional services play an important role. Beginners need educational courses, and experienced traders wouldn’t mind receiving fresh analytics that could help them make money. Do you think the company offers something like this? No. TradingAICoin does not provide educational courses, fresh analytics, or analysis of popular instruments. There is no economic calendar or news, and also no trading position parameter calculator is available.
Deposit, Withdrawal, and Fees
To deposit funds, although I recommend not doing so, you can use bank wire transfers and credit/debit cards. It’s surprising that cryptocurrencies, which are very popular among scammers, are not available.
The processing time for withdrawal requests is 2 business days. However, I believe this information is unnecessary because it’s unlikely that TradingAICoin allows for the withdrawal of funds. Notably, nothing is mentioned about commissions.
| Features | TradingAICoin | Rigel Capital Partners Limited | Stockoza |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ❌ | ✔️ |
| Crypto Transfers | ❌ | ✔️ | ❌ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
The firm shares its contact details for connecting with managers: two phone numbers and an email address. Additionally, an office address in the UK is listed, but the phone numbers are Swiss, as indicated by the +41 country code. An important and convenient way to communicate with support is online chat, which allows for quick inquiries, but TradingAICoin does not offer this option.
Social networks are also absent. Incidentally, it is a key tool in company advertising, especially for an online broker. It’s strange to see a lack of accounts on Instagram, YouTube, and other social networks.
- Phone number and email.
- Online chat is not available.
- No social media accounts.
Is The Firm Dangerous?
The trading conditions clearly look terrible, and they do not characterize the broker as beneficial or comfortable. Moreover, the templated website and primitive terminal with a personal account also do not inspire confidence in the company. These are all negatives, but not the key ones. I will further examine the key disadvantages, which are licenses, duration of operation, and legal address.
How Long Does The Broker Work?
A good question, to which the firm does not provide an answer. Therefore, it is necessary to resort to external methods. For this, one can refer to a special service that shows when the tradingaicoin.com website was registered.
As seen in the screenshot above, the domain was registered in March 2024. It is now clear that the company started operating very recently.
Regulation
It is a British broker, or at least that’s what the footer of the official website, which lists an office address in London, would have you believe. However, there is a 100% probability that this information is fake. A simple check of the Companies House and Financial Conduct Authority registers will confirm this.
First, the Financial Conduct Authority, a governmental body that regulates the activities of brokerage companies in the UK. Checks with this financial commission have yielded nothing. The broker has not received a license.
Is the organization really registered in the UK and does it have an office there? No, because TradingAICoin is not found in the legal register at Companies House.
Thus, the legal address provided is fabricated, and therefore a license cannot have been obtained a priori. This makes it a typical illegal broker, which means it is a scam. The user agreement lists Marshall Islands jurisdiction, but that’s probably a fake too.
Kevin Berry It’s hard to believe that there are trusting traders and investors who believe this false information. Checking the legal address will take you 1-2 minutes, but it will save your money when you find out that the company has deceived you and is not actually registered in the UK. This is why fact-checking is so important. TradingAICoin not only lacks a license, but they have also provided a fake office address, which means any other information about advantageous conditions and safety is also fabricated and fake. Trusting such companies is not advisable; they specifically lie to steal your money.
| Features | TradingAICoin | Finkea | Kane LPI Solutions Limited |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ✔️ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
TradingAICoin rating
1 review about TradingAICoin
I almost fell for the scammers from tradingaicoin, but at the last moment, I decided not to transfer funds here. An experienced trader informed me that the company has no license, its office address is fictional, and it has been operating for only a few months, perhaps even less. After that, I definitely reconsidered cooperating with this fake platform.
I recommend the same to everyone else looking to start trading here. You risk all your money for nothing. There are no guarantees, but many red flags. I found another broker with 10 licenses. Here, not one! I thank God for steering me away from such foolishness. Now I am trying to help other inexperienced traders save their money.