Read our Trade Baionics review to see if we recommend this broker for trading. Just to clear doubts, this is a tradebaionics.com review. They are formerly known as currenxro.com.
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 Trade Baionics 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 Trade Baionics 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.
Trade Baionics Review Conclusions
Making the Trade Baionics 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 Trade Baionics 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.
These guys are frauds, they say you have 7 days and you can get your money back, they are liars they will drag out so you go over the 7 day period and they will take your money. DO NOT INVEST WITH THIS FRAUDULENT COMPANY ESPECIALLY WITH THE ACCOUNT MANAGER MICHAEL EDWARDS
This company is a scam.
Wouldn’t recommend this company to any I’m still waiting after a week for my money to be transferred so I can close my account
SCAM!!! broker, they will just always ask you for more money and you will not see nothing back, if you ask for a withdrawal they won’t approve it but ask you for more fees!!! SCAM!!! don’t give them I was lucky to see a good review that could help and luckily I met with a very good Recovery Master I immediate contact them via coinrefunde@Gmail com and gave all the details he needed to have and with time, he was able to give good results and at the end I had my money back from this fraudsters
Per me non è vero vogliono rubare nostri soldi non investite da loro io ho investito 1750€fino ora non ho visto niente si cominci a quadagnare è loro che lo prendono state attenti non investite da loro anche equalitifin.com ti fanno così non hanno nessun garanzia si vuoi prelevare non ti fanno prelevare.
They abuse low income people, disrespectful. And do not let you withdrawl your money massive scam
This company is like Vampires, I spoke to one of there people once and it was the worst decision I’ve in a long time. Now EVERY SINGLE DAYYYY I receive half a dozen calls from them trying to convince me to sign up, I told them I not interested and they keep calling over and over. I blocked there number and they keep calling from the endless phone numbers they have. I now see how senior citizens get scammed out of there money, they just break them down. I wouldn’t give ANY company a dime that acts as desperate as a staving person. Avoid these people like the plague cause anyone acting out so desperate has bad motives in my opinion. If a person could vote negative stars than I would.
I am writing this review only to benefit someone who does not want to catch up with this team of scammers. These are the peoples who use their good/bad words (over the phone and email) to convenience you to invest your hard-working money. Please see the below context:
Like many others, I also open an account. Within a few hours a person named, Alex called me from the UK and asked €250 to open the account, which I paid instantly, and they showed approximately €50 profit by one week with that little money. One-two weeks later, Alpesh Patel (Account Manager, TradeBaionics, email: [email protected]) called me and showed me that if I deposit €1000, he can make a good profit by next week. I also deposited a further €1000 when I was on phone with him. After two three weeks, there was €200 profit. Then the REAL GAME started when I asked Alpesh Patel, can you show me I have the right to get my deposited money back? Instantly, he submitted a withdrawn request for all money and closed my account, and used a lot of bad words. But I have not received any money in their nominated Binance account or CoinBase account or my Bank account.
About one month later, Ellie Goldman (Account Manager, TradeBaionics, email: [email protected]) called me and told me that my account got some loss and to get this back I have to invest more money. I asked how this is happening because Alpesh closed my account and it was €200 profit. She told me, Alpesh is not working with TradeBaionics and your account was not close. Then I asked her, OKAY how much money you can see in my account after deducting the loss. She calculated and confirmed via email that there is a €320. I asked her to close the account instantly and send that money. By that time, I realized that they are the real scammer. Ellie Goldman also confirmed via email and verbally that she closed the account for a second time and €320 will be sent in the next two days. Another three to four weeks has gone.
I do not worry that much about this money. I only care if I can save at least a few people from this group of scammers. I will post this story anywhere I can access to inform other people.
Finally, please do not invest your hard-working money with this scammer.
AVOID
It a big joke. Still dident get my money!
It´s a big joke. Dont ever do this!
You will never get your money!
Deposit money was really easy, however, I’m trying to withdraw the money for a couple of weeks, and suddenly there are requests for more money to be deposited with the treats of losing everything but no money ever came into my bank account. There are delays after delays and every time new reasons and new excuses while they cleaned all my accounts including Overdraw protection, Line of credit, credit card, and checking account. Yes, I’m still waiting while 50,000 has been removed from my Tradebiaonics account to an unknown firm one that I can not reach. Must admit that I’m not an experienced trader, I did put my trust and control of my accounts to my account manager. Made some money yet I’m still waiting to see money deposited into my bank account.
This company is not licensed or regulated in Canada and lots of Canadians has lost their money.
DONT EVER DO THIS!!!!!!!!!
YOU WILL NEVER SEE YOUR MONEY!!!!
IT´S A BIG SCAM!!!!
STILL WAITING FOR MY MONEY!!!!!!!!!
TradeBaionics are nothing but SCAMMERS. They Scammed me for $1,660.00 Canadian.
Do Not Believe A Word They Tell You. I am on Disability. They don’t care who they SCAM.
But when you want your money out you can’t get it
Scam … the worst nighmate ull have
Tradebaionics is a big fraud and scammers, Please do not invest any money with this organisation. Beware
I got scammed of $4,325 canadaian by the broker named Steve Blake
Trade Baionics is a fraud. They don’t return the money back. I have ordened them several times to stop to telephone me and 6 months later they continue calling twice per week. Now, they say thay I have to pay 1.000€ to close an imaginary account that they have opened in my name.
I have now been informed that tradebionics is a total scam and does not actually do any trading at all. Too late for me as they have $150,000 of my money that I have had no luck getting from them so have now had to instigate another company to help get the money back from them.
These people are pathetic. They wanted to scam me £10 000. They borrowed money with my details and I refused to pay it in their account. They were furious and started calling me everyday over 5 times a day. I put my foot down with the money and they told me they have an account for me. I told them to close the account and never to call me. One person calls today as the manager , tomorrow as the lawyer, account director etc. They started threatening me that I had a contract and coming up with all sorts. They are very rude. I dealt with a lot of them they are all very rude. persistent and manipulative. From March 2022 they have trying to refund money from the account that I don’t have. I am not what their motive was. Today they emailed me that they are closing the Company and would like to give me back my investment yet I didn’t invest with them.
Pas op voor deze oplichters. Mijn geld was ik al heel snel kwijt . Ook steeds gevraagd mijn account te sluiten en mij niet meer te bellen. Krijg nu nog dagelijks telefoontjes. In totaal ben ik ca. 2000 keer gebeld vanuit Londen, maar ook vanuit andere landen. Ook gebruiken ze 06 nummers van andere gedupeerden. Ook mijn telefoonnummer gebruiken ze om in contact te komen met hun “klanten”. Weet dus dat wanneer je met TradeBionics in zee gaat, je er in ieder geval zeker van vent dat je hé geld kwijt bent. Daarnaast dus de ergernis van hun aanhoudende telefoontjes. Om hier vanaf te geraken is volgens de provider de enige oplossing een nieuw nummer aan te vragen. Kortom, wees gewaarschuwd voor deze oplichters!!!
(1/5)
They are real scammers
i lost 32.000 € ,and now they still ring me up,certain Dwuayne TEE ,that they will refund my money,but first i have to deposit 4877 € on a Coinbase wallet.what i do not do
i have already made a complain at the local police
i do not know if i will see my money back ever..
I just got off a call from them. They want 3k up front so I can get my investment back thru crypto currency. I told them send me my money less the 3k and they won’t do it without me going to the anydesk app which I have been warned about as well.
I have another meeting on phone next week to see what they are trying next time.
How can this criminals be seriously dealt with please? They have swindled and scammed thousands of people. They need to taken out and put down.