Read our Trading Teck review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a tradingteck.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Trading Teck is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Trading Teck in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Trading Teck Review Conclusions
Making the Trading Teck review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Trading Teck review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Yes I’ve been scammed by Trading Teck: I first placed a deposit of £250 for the use of the Bitcoin Revolution software which I found out later does not exist the money went straight to Trading Teck’s platform. they contacted me ( James Kennedy ) and talked me into depositing a further £750 for a better account a few day’s after that he phoned me to show me how to place a trade we placed two trade’s on the Dax30 one short & one long he said leave that now for a guaranteed profit. The next day there support emailed me saying to avoid a margin call we recommend adding more money. That James Kennedy must have closed the short position at a profit and let the long position run over night I ended up with over a £900 loss.
The same method hss been done to me sfter invested 250 usd they ask for more money.The auto system is s fake and the hsve professional broker scsmmer calling from estonia.london,singapore and hong kong.These happen on 6 to 8 August 2020.They have flutterwave which can suck your bank acc money without any khowledge of my maybank acc 😈 or any bank account
I too have the same very bad experienced with TradingTeck. They are scammer! I placed an investment of USD250 and another USD250 again on the same day (22-July-2020). Followed by further deposits on (5-August-2020). But when I tried to withdraw some funds ☹.
The following was stated their website to withdraw your funds
1. Log in to TradingTeck
2. Click on your name located on the upper-right side of the screen;
3. Select the Withdrawal option from the drop-down list;
4. Enter your withdrawal amount;
5. Click Withdraw.
After you pressed withdraw. This red message will appear “Account is not verified” then you will receive an automated email from them asking for:
1) A copy of your passport.
2) Proof of Address
3) A signed Declaration of Deposits Form
4) A copy of credit card (front and backside!!!)
Yeh, it smells a rat from the beginning. Anyone here tried to get their money back using tradingteck.com withdraw option? I mean if you have not used deposit. Did it worked?
Is it worth to send them personal documents?
They are really scammer! I placed an investment of EUR 250 on 02.10.2020 in the afternoon. I checked online after that my account and have seen that my money was transferred into a bank in Lagos Nigeria!!! I have asked by phone my bank to block my credit card immediately and to execute a “charge back” operation. It was however not possible. On 05.10.2020 – the first business day after my transaction, I placed a complaint in my bank for illegal operation of Trading Teck. Every day I am pressing the withdrowal button on their site and every day I receive an automated email from them asking for:
1) A copy of your passport.
2) Proof of Address
3) A signed Declaration of Deposits Form
4) A copy of credit card (front and backside!!!)
Of course I don’t want to send to the scammer my personal data. If I do that they’ll empty all my funds in all my accounts. So I cannot receive back my invested money of EUR250.
Who manage the deposited money?
Trading Teck or
Praxis Cashier System Ltd (‘we’ or ‘us’ or ‘our’), a cashier, fraud and risk management system company offering integration systems for the processing of payments, gathers and processes your personal information in accordance with this privacy notice and in compliance with the relevant data protection regulation and laws. This notice provides you with the necessary information regarding your rights and our obligations, and explains how, why and when we process your personal data.
Praxis Cashier System Ltd’s registered office is at 28 October Avenue, 261, Floor 1, Flat 1, Limassol 3035, Cyprus and we are a limited liability Company, incorporated under the Laws of the Republic of Cyprus, with registered number HE358607. Our designated Appointed Person is Micha Low, who can be contacted at View Point Tower, 28 October Ave 261, Limassol 3035, Cyprus with the following phone number: +35725312086
Who is Who???
Тхе Riddle now:
Trading Teck
or
Praxis Cashier System Ltd
or
RAVE Lekki – Lgos Nigeria
looting my and your money?
THE MISSION INPOSSIBLE:
WITHDRAWAL
Amount balance:
€ 250.00
Available funds
€ 250.00
Amount:
Sub total:
€ 250.00
Fees:
€ 30.00
Total:
€ 220.00
Withdraw
Account is not verified
I was robbed by TradingTeck. Broker Daniel Klein fraudulently extorted 2180eur from me and wanted more, but I said no. At that time it was in my account TradingTeck 6800eur, p. Klein reduced my account to 49eur with one transaction and demanded another deposit, first 880eur, then 440eur and finally 250eur, to return the account. But I refused. I applied for a withdrawal of 1000eur, but today I got a call from a lady from tradingteck’s finance department saying that she would pay me 6800 euros if I deposited 550 euros. If I don’t, they’ll cancel my account tomorrow at 11:00.
They have suspended my account without returning my deposit in it. I have contacted the interpole via my domestic authorities.
Me too, they have suspended my account without returning my deposit in it. What should I do? I don’t know what to do? Can you help me? Thanks
if anyone successfully withdraw the money?
no, my deposit € 2180 lost
I lost usd2800 from YouTube to everbrite to tradingteck
Same happened to me being cautious I deposited $250 USD consultant helped me make a profitable trade and then I advised I was going on holiday, when I returned their fees had cleaned my balance out to zero and Jack the online chat said ‘check our fees section’ that was it. Stay clear and be safe.
I was deceived by “quick and easy” money and because I am retired I enter the statistics of “Hello, fraudsters!”, because when you register and deposit the minimum of $ 250, automatic robot trading does not start / as the stocking / endless phone conversations with a “top” manager begin and when my light came on on the second day, I was already inside with $ 1000, which in a “magic” way became $ 1887.69 for
The phone consultant, a mixture of inspiring professionalism and expansion, continued with the lures with some bonus for beginners, but I need a little more deposit / 2000-3000 $ / and I will see the big money!
I had already read information about this Trading Teck and the suspicion that I was another carp was confirmed, especially since the cash withdrawal option is not active, and I told him that I want to receive my deposit.
The harassment on the phone continued until I blocked all / 14 / phone numbers from which he was calling. I have already written 5-6 letters to their finance department that I want my deposit, there is no answer!
Today I filed a complaint with the Prosecutor’s Office I sent a new letter with a copy of the incoming document to the Prosecutor’s Office! If you have other ideas on how to get those $ 1000 back, write!
Same as how I experienced last night!!
only after I deposited usd250 into the account I searched and saw this page and now realize it was a trap!!
WITHDRAWAL
Amount balance:
€ 250.00
Available funds
€ 250.00
Amount:
Sub total:
€ 250.00
Fees:
€ 30.00
Total:
€ 220.00
Withdraw
Account is not verified
I’ve called my credit card center to immediate destroy my card and asked if they could process a chargeback, hope it succeeds.
I can only say to everyone and myself: Be wise and think twice before we investing any money into an unknown company!
I hope I see this web site earlier. I was browsing the web sites for stock information and came across an adv about a famous Australian cricketer make a lot of money using AI trading and I clicked the adv and it took me to tradingteck web site. A person called me immediately after I signed up and asked me to deposit 250 us dollars, and he also show me where the withdraw button located. After I paid $250 through credit card, they sent me emails and asked IDs. I refused and they kept calling me each day from different numbers.
I lodged a chargeback request through my bank, but my bank says they cannot get involved because I agree with the terms and conditions with the merchant. Hope someone who get the chargeback can show me how I can convince my bank to pursue chargeback for me.
I have lost 9.000 EUR
They are liar, faker
Big scammer. Lost $250 dollars. Lot of bullshit fees. And in the name of training they force you to loose money and ask for more deposit.
Scammers! Just received a call saying that they are now in bankruptcy and asked me to answer some questions, no asking for any proof of identity. Lost $250, they did asked to deposit more, which I insisted not to.