Read our Meteor Trade review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a meteortrade.co 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 Meteor 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.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
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 Meteor 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.
Meteor Trade Review Conclusions
Making the Meteor 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 Meteor 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.
meteortrade.pro – Incendiary Group LTD
qicmarket.group – Sequoia Group LTD
Both companies stopped working in 2018 year.
8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica – both companies used this as addres
YES, THIS IS TRUE!
This company scammed me for 15,000 euros. A certain Sofia Diaz tricked me into investing with the promise that she would double my investment. In fact, this money is fictitious because I paid in crypto, through Binance and when I wanted to withdraw it, a fake document was sent to me to pay the taxes related to the gain. Taxes that should have been paid also in crypto. I did not pay the taxes and so Miss Diaz traded, without my order, to lose all the money in the account.
So, be careful and don’t fall into this trap!
I just so this , before registered on the website , thanks a lot for the advise , this company still working and they contact people from UK to other different countries.
100% SCAM!!!!!
I’ve lose my money!
Hello,i just have some money there,and after i read the comments i am afraid.
My broker got “sick” and still then i keep asking to talk whit somebody.
I do not know what do to,they dont have email adresse or phone.
It is my fault that i did not do some research before.
Somebody took the money back from them?
Well thats a long story…. First i saw an ad on youtube about a trading platform, and thinking its like eToro or some other i decided to put my email and phone into the website the ad redirected me to, it was called Chain Reaction, from there a couple days later i receive a call from the people at meteortrade and at first i say to myself, ah god damn it it’s a scam and i told them i dont want anything to do with them. But days later they keep spamming, and trying to convince me to sign up and make an initial deposit of 250 euro, i am a student in the Netherlands and im intelligent enough to understand that these people were thaught well about trading and they were very convincing and did not provide any wrong info involving trading/investing, so i guess i was desperate as a broke student, i fell into their trap after several phone calls. The last phone call which deceived me was from someone called Mia Sanders if that’s even her real name, she guided me trough how they work and stuff and after i make an initial deposit i will be provided with a financial advisor. Well we chatted with Mia Sanders trough whatsapp and guided me how to make the initial deposit, when i found out it was with crypto i was very skeptical, but these people were trained into convincig people like me so i did it. After that i looked up the hash of the crypto transaction into blockchainexplorer.com and found ot there were very sketchy stuff going on. So i made a screenshot and asked Mia Sanders to explain, and she did, it was very convincing and made sense. After that was done i really quit contact with her (on whatapp she was last online on the 27/10/2021) and was transfered to so called financial advisor Sofia Diaz if that’s her real name, she helped me confirm my trading account and helped me set up MetaTrader 5, as they use this platform and a simple webtrader which can be found on their website metortrade.pro (as i am studyng software and technology at uni i saw that the website was very well made had a legit https and certificates). So after we set up MeteorTrade 5 we made a couple of small trades on the S&P500 index with the 250 euro initial deposit i made with Mia Sanders, these money were there in metatrader, i had an account and everything, but they were just number on a screen, anyways…..after a couple of weeks and simple trades evey so often, one day i get a call from Sofia Diaz that the company had a new contract that they can trade NFT’s and such (be aware i have a lot of proof, screenshots and the “documents” and “certificates” they send on whatsapp, also many emails, but not all of them) and with a very long phone call where she was telling me to not miss out on this opportunity and there is no time to waste, that i should sell my stocks i had at the time at a loss just so we can trade an NFT that cost 5000$, i did not have that much so shte told me that they can provide leverage of 2000$ so 3000$ from me, well, a complicated process happens for me where i sell my stocks and deposit them all in the “trading account” at meteortrade trough binance with BTC. Well the money are there now with the initial deposit and the small trades they were 3500 now and some days later i see 5500$ those were the 2000$ leverage. And after a couple of weeks Sofia Diaz calls me and she tells me the trade was succesfull and the money are in the account (before all that she told me she is doing all the work, and by her calculations there will be arount 15000 profit, and the leveraged money will be deducted from the profit) and here they are the “number on a screen” 15000$. After another call, she warned me that everyone immideately wants to withdraw everything at this point, well of course…. i was persistent because i was already in debt and i hoped the withdraw will help me pay it off….. well i was in for a surprise in the upcoming days…. so i made a request to withdraw 4000$ enough to cover the money i put in if it was real at all, if it was real i planned withdrawing everything but that didnt go my way did it….well, the request was approved i saw on metatrader there is a withdraw of -4000, also Sofia Diaz confirmed it on the phone, so far so good right…. what she said on that phone call scared me because i was already in debt, is that i had to pay tax on these money as they are made with trading (i knew there was something like this but wait for it) so next up i got a call from their “financial department” from a woman which i didnt get her name, around her was very noisy i could barely understand her, she told me that first time the tax is 25% so 1000$ from 4000$ and she made me pay it trough moonpay as binance didnt work at the time for some reason( i keep the emails) and i paid the tax, and i was greeted with other bull$h!t that i had to have around 1000$ in my bank account i was suposed to recive the money in, because the bank could find it suspicious???? The bank is Revolut trading LTD, and it is a UK company, they also say that they are affiliated with UK banks, in my Revolut account i made huge payments and withdrawals without issues, i dont know how this transfer could have been an issue…anyways… i did not have anything i was in debt already, so i had to ask 2 of my friends to lend me money, which i though were just suposed to sit there, as that was what they told me i had to have something already there so it wont be suspicious. that hapens of thursday 4th november, and next day friday i get a call again i have the money they asked for, in my revolut and when it got to the point…. there had to be some other verification which included me sending these money i lend from my friends to a BTC address, (i freaked out i almost started insulting her, i asked why am i sending money again and what is going on, she was very professional and explained) the woman told me that the withdrawn 4000 were being held by the blockchain and i had to make this transaction which was suposed to be to my trading account again, and when it was confirmed or whatever the withdrawn money and the money i lend from my friend were suposed to come together after a couple hours… The last thing she says is “Okay, sir everything is good on our side, so it depends on the bank now, this transaction is not made by humans but by the system so if it doesnt work the system refused it, so again everything is ok on our side, if there is a problem contact your bank, have a great day!” i interupted her, and sincerely said, hey if i lose these money im betraying my friends, could you call me again just for reasurance, she said ok i will call you in an hour but i never heard from her, nor i received anything in my revolut…. so the whole weekend i had panic attacks, i could not concentrate on university… Monday comes (8th november) and i try to contact Sofia DIaz to see what is going on and i get this message: “Hello mr. Denislav, this is ms Diaz colleague, she was sent to an emergency meeting to Australia, so she is not able to answer you atm; once she will be back, I will inform her about your messages!
Best regards,
Hugo Lopez”
And my heart stopped, i couldnt belive what i have gotten myself into, of course i didnt believe this text, it was probably even from her.
Yeah that’s the whole story, im a broke student in debt, failing university because of stress, just because i was stupid enough to trust/be deceived by these people.
This message was written for http://www.mychargeback.com if you have been scammed, they can help you recover your funds, be aware that is a complicated process, even more when the payments were in crypto!
Good luck and take care everybody!
I went through almost the same scheme (my Sofy had to go to China)
Although I had doubts before, when they asked me to pay taxes, I realized that I would never get my money
so I didn’t go any further, because they could not give an answer under which law I should pay that tax and why I was not contacted by the tax department.
podvod rychlo prideťe o eura kupene btc prevedene na Sent 0.016891 BTC to
3Cv741RS1shNj4WTkwErSRPo65eoFH2Ria a su preč zisk pre dvoma dnami 14000 eur dnes 38000 nezaplatim hned dan nemam nič ani učet pozor na metatrader
Mais um embuste, deixo o link e a copia do endereço
Olá Sr. Francisco, Juan Carlos Morene gerente da Tesler escreve aqui Deixo o link de ativação da plataforma, basta seguir os passos e me enviar uma imagem do pagamento realizado e estarei ligando para você quando eu receber. Obrigada.
https://cgs-apps.com/aff.php?Aff=e51417
ESTE É O ENDEREÇO DESTES BURLÕES AGORA COMPLETO
———- Forwarded message ———
De: Steve Daniels
Date: qui., 9 de dez. de 2021 às 11:07
Subject: juan Carlos Moreno>> TESLER
To: [email protected]
[email protected]
I was also scammed by these unscrupulous idiots. Wished ai had read the reviews here. Invested in their Meteor Trade account the minimum of USD250. Then one of their so called traders by the name of Adam Johnson called and said they were having a promotion that if you invest a certain amount of Bitcoin they would match that and sort of give back double. To cut a long story short I put in about USD15,000 and it’s gone. All the promises made by Adam is good as manure. To hell with all of them!!!
Yesterday I lost all my money 10000 Euro with these scammers..I hope the governments will reach out to them and punish them for what they do of destroying families.
Hi all, i also got scammed by this fuckin criminals. SCAMMERS!!!! WARNING!!!! I started trading with them, and in the begining everything was okey, but when i wanted to withdraw my money, they asked me to pay tax, so i oaid with bitcoin( such a fool), and they told me that the payment didnt come to their wallet, and asked me to pay another amount otherwise my money will be frozen in the bank. Ofcourse i didnt pay another amount, and then they contacted me representing as someone from block chain and asking to mirror my money, that was also a scamm, i didnt fall for that, and then again another call representing as finra, also was a scam. Now they are not even answering anymore. Has anyone reported them to anyone?
Unfortunately, I also invested with Jet Capitals. On 10/25/2021 I requested a payout. On October 27th I got a call from Albert Levin who explained to me that I had to pay the tax for the transfer. Unfortunately I did that the next day (€1,100). When the money arrived on my Akaunt, the $20,000 went out. The next day Albert Levin called again and said the money is stuck in a transit account and of course I have to pay €1,900 again, then it goes to my Coin Base page. Unfortunately I did that too. When the money arrived in my account, I got another call. This time it was a Wladimir and told me that Albert Levin had made a mistake and I had to transfer €1,900 again. Unfortunately I did that too. And this time it was my fault Vladimir said. And I should do it all again. But I only transferred €1000. Friday, November 14th, a young woman called me and said I would only have to transfer the €500 and then the money would be paid out to me. Unfortunately, I forgot the young woman’s name, but she wanted to report her again on Monday.
SCAM! Advertising in Czech language parasitizing on a well-known company and allegedly its “investment platform” …
Yes, I have also been scammed by these criminals!
I started on November 2021, I saw an ad about crypto trading with bitcoins, only 250 usd to start with. My contact person was Wayne Robinson, and he was a real nice person, not knowing he just scammed me every day until the first of februari! Btw he also helped me with doing transactions, so I didn’t have to worry, and just could do my normal job, I am a personal trainer, working as entrepreneur! So my account became higher and higher every day, week, month, until it reached the 15.000-25.000 usd range, so I wanted to make a withdrawal for about 6000 usd, and yes I also had to pay 20% tax and 10% commission, to them, and yes I got the tax documents signed and stamped by their managers etc! And yes I also had to pay to Blockchain, who verifies first all the withdrawals, and I had to pay 20% of the withdrawal amount I asked for! And yes the withdrawal was verified by blokchain management, and approved by them! The woman from so called Blockchain, told me that this was new implemented by blockchain, the so called mirror transaction, you first pay it first, and then you get the withdrawal amount plus the amount you paid for the mirror transaction back! Just a sort of guarantee! Btw just B.S. You can already guess, no withdrawal, and no money back for the mirror transaction!
Tried to get in contact with my so called accountmanager Wayne Robinson, but nothing no replies on my emails, and whatsapp! It’s still 2 weeks now, and I lost maybe 10.000 usd, my account is still on 14.445,00 usd but these are only figures! So how do I get my money back, I already reported it to the police in my hometown Spijkenisse near Rotterdam the Netherlands!
Rudy
I saw an advert promising doubling of your investment each month (you deposit 500eur, get 500 back each month).
So I said let’s try it.
Before signing a contract and verifying my account I was “forced” to transfer the money.
Then I was told that robot will be activated which will trade for me.
After the robot was losing 150 eur I asked to switch it off.
I earned on my own trading and when the ballance was over 800 I asked for transfer on my account.
It was denied and for this I needed to sign a contract. (why not before the transfer?)
I was told they want to use Binance and do it through crypto.
On the way I lost 14 percent on conversions.
My broker was not able to explain very basic things.
He said stop-out price is at 40% of needed margin. When they closed my position at 10% he was not able to explain why.
He also was not able to explain why their price of oil Brent showed by 4 cents higher prices during period of 2 days then it jumped back.
It was the reason why I shorted it but lost 300 eur on opening with gap.
I disputed this and was refunded 300eur.
My overall impression was not good.
And I chose Plus500 for trading.
Hallo Gute tag
ich hatte auch gliech bei TOMAS MARTIN heisst mein Berater er war von Russland… auch ich habe gegeben Geld und wenn wilstd du Geld rausholen keine CHANCE !!!
Kurzeidann ich habe gegeben nur 750e …
Didn’t sink in much.. about 4000$
Wish one day we get something in return for our troubles.
Be positive, it is a valuable lesson you learned the hard way!
Maybe the authorities have to try their services on the new web site
https://meteortrade.co