Read our Affluent Trade review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an affluenttrade.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 Affluent Trade 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 Affluent Trade 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. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Affluent Trade Review Conclusions
Making the Affluent Trade 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 Affluent Trade 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.
I already transfer the money to this website for 2 weeks, the account manager of my account still keep contact but today, he suddenly treats me differently when I said I want to withdraw half of the money out. And now here I am, finally not trusting in him anymore and looks up info about this to recognise this is a scam.
So can you please help me find a way to get it back? I’m just a Uni student who wants to earn money fast to pay tuition fee but can’t believe I fall for this scam website.
Hello my name is David, I am a man of 76 yo, I had a call from this Firm saying If I put money into stock I make some back, ( little I hope ) I then talk to the man call David, saying I wish to invest into Bitcoin as I had, my account that same day as I need to put it into my card, So today Easter Sunday, I went to withdraw from this account so to pay my rent & other cards, the bank has stopped my card & the ATM took it, was not happy, after one hour of sitting waiting I was told this Affluent Trade was not where they said so I look them up To come here, Didn’t think I was been scam, Its a lot of money I have lost $2500, Just wanted to make a little money to help pay my bills & buy a newer car, Only wanted to invest in Bitcoin now I have no money to pay my bills
Please take care of what you have David
this is a big scam
This company is a scam, i deposited money into an account they set, they would ring all the time and than mention about there big trading days on the US stocks and wanted me to deposit another $12.000,first investment was $250.00 aus i smelt a rat and when i questioned them and requested a withdrawl only to find my account was closed and my bank had no luck with a drawback, DANIEL was so convincing, but STAY AWAY FROM THESE SCAMERS.AFFIUENT TRADE
I am also going through this at the moment and have had my accounts frozen by my bank. The guy who was my so-called manager was very convincing and even showed me a small profit Id already made on my $250 USD, Luckily I had to get in touch with bank security before I deposited any more money into their account. These people are so very convincing and friendly etc.sobeware out there
affluent trade is the biggest scam of them all slippery like an eel. please take notice i am preparing info for local TV.& radio stations to warn everyone of their crooked practices remember the name AFFLUENT TRADE.
Go Graham, I lost 10k to them and I’m just a student, that’s all my saving from last year to able to buy a car this year. I was thought if I invest in them I will able to buy a better ones, but nope, just lost all.
Already report them as a scam to police, hope I can see you on local TV, let’s make that stupid company corrupt and return our money!!!
my scam artist name is Patrick Goldenberg from affluent trade real scumbag bag am getting more info on him to expose his profile in london i have a nephew who is a research manager for a publicity company in london i am compiling file on this scum bag for him to work on will keep you updated as he proceeds and he will forward info to relevant departments he is very experienced
I know, the scammer from AffluentTrade is Liam Nowak, he got my 10k and get me poor, so I have to beg for my money back by keep texting and calling him, and he just absolutely disappeared, hope you can expose them, I will support you here!!!
Massive scam….so deeply disappointing….DO NOT HAVE ANYTHING TO DO WITH THEM!!
ITS a SCAM
Ive lost all of my savings,
As soon as I asked for a withdrawal the broker became hostile and in the end just closed my account and took all of my money, almost 200k. my life savings.
The brokers name Jonathon Siegel is fake and he has stolen the identity of a broker in the US that works for Stifel.
Has anyone had any success withdrawing there funds from this Fraudulent company
Yes. Majorrally is a very very clever scam where they take months of leading you on, even paying profits out, only to disappear in the end with all your money. I liked the results after a few months of what seemed like good returns so invested more money. I did a lot of due diligence but they even fooled me. I thought I was a savvy invetor. Sad.
Do they have any contact details for Australia?
I had someone sign me up, then a few months later I had an email from a different manager telling me my previous manager was in a serious accident.
I requested to withdraw money, now my platform will not work. It keeps telling me the market is closed.
I have contacted support many times and they never respond. I have used the chat and no one responds.
I contacted my so called new manager and he said he doesn’t know me.
Is there anyway to get your money back ??
Hi all,
I got scammed by these scumbags too. Luckily I only invested the $250 USD but got suspicious when my ‘Senior Account Manager’ Jonathan kept pushing me to take out finance on my home and tip more money in. He got quite rude when I kept refusing. In the end I just wouldn’t take his call and was just using the trading platform myself and had built my funds up to $755USD. As of today I now can’t log in and got this email from their Finance department with no name attached of course,
We have tried reaching you countless times without success.
The standard procedure we implement is to have transparent communication with our clients with regards to trades on their accounts. In this case, your account is frozen until we know what is going on due to safety and regulations. Your account access has been restricted.
Thank you for understanding our process. Please get back to us so we can remove the freeze and continue to trade successfully.
I have now replied to this email stating if this is the case I would like all my money returned and they legally can’t hold my money to ransom. I will try to see if the bank can claw back the money but by the looks of all these reviews I won’t be holding my breath. Thankful now that I didn’t put more in.
Do not trade with affluent trade.com they are a scam and very convincing. After the $250 deposit you get a senior trader who just wants your money pushing for 10K to manage your funds even wanting you to give them your super as a managed fund . I lost 5K, the account was going well and Johathan said if I don’t put the other 5K in he wouldn’t look after me , guess what next thing account is in the – by 8K and they without consulting me closed the trade . He is a smart operator as he was getting me to deposit into his Bitcoin account with Bitcoin instead of bank transfer so very hard to do a charge back ,please stay clear of this site
We invested Affluent trade and are not happy either.
We have lost 7000 plus the 250 to start with, our banks froze our accounts as well.
I have to agree with Sam, I have an account with them and I had Jonathan as the account manager as well. I refused to put in any more money and now I can’t access the account and there are two open trades still going from the 07/07/2021. They refuse to reply to any of my emails and I can’t even contact them by phone. Do not get involved with this company even when they send you their ASIC company registration. I have tried to withdraw money from the account but they say I can’t do this with open trades and when you reply to this email that you have no access to close the trades you do not receive a reply.
Hi
I am lawyer in the UK who is interested in Affluent. Please feel free to contact me on ++ 44 (0) 781 055 7758 [email protected]
Regards
Matthew Wescott
never deal with Affuent trade again they are thieves ones they get your money you never here from them again I first put $ 250 USD and after $1000 USD I have tried to contact them with there so called support teem they never reply scammers is all they are
I made a deposit to Affluent Trade, supposedly made a profit.
I spoke with my account manger( could have been any body) & he said they required more information to facilitate a withdrawal. I provided the info but have heard nothing since.
I have resigned my self to the fact I have been scammed
THE BIG BIG SCAMES CANS