Boost Trade Review

Read our Boost Trade review to see if we recommend this broker for trading. Just to clear doubts, this is a review.

Is Boost Trade Legit?

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 infamous for scamming schemes.

So, Boost Trade is just another unregulated forex broker, which means the customers aren’t 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 the scam work?

Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try 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 hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Boost Trade reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.

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 doesn’t 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 Boost Trade?

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 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 they deceived you into depositing money for a non-regulated trading company. Mention also that 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 [email protected] but don’t let your broker know they you read this article or that you are contacting 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 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 where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. 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 don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.

Make sure you leave Boost Trade reviews in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Boost Trade, 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, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.

Boost Trade Review Conclusions

Making the Boost Trade review was our pleasure, and we hope to save as many people 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 Boost 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.

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  1. Hi,
    After setting up an account with Boost-Trade and depositing A$200 to buy Chinese e yuan (a silly idea anyway) I was being phoned regularly by a young charming American working in London ..using a local number (dodgy). Over a few weeks that I visited the Boost-Trade web site (flagged as an insecure address each time), I noticed the ‘value’ of my account increasing alot each time, but the separate deposit record showed the deposit arrived on one date and dissaparing the next, so zero from day one. This inconsistency in repersentation was uncomfortable too. A friend told me it was simply a scam. All of this website it seemed was inconsistent and simply lying using electronic digits and images. So I decided to withdraw the funds and see whether any of it was real. The only withdrawal option given is crypto or a credit card, which is also unusual. Normally a broker only refunds back to the account the money came from (an anti money laundering requirement). So sadly I told myself it was all a scam. I reported the phone number as a scammer and wrote off the money as a scammed education fee.

  2. I too have been scammed by Boost-Trade. I felt with what appeared to be a nice man called Joseph Klein. I checked my account on 2 occasions and my initial deposit was showing growth to $1000 by artificial intelligence trading scheme. Then next I noticed the web site was I contactable. Phone number disconnected and emails remain unanswered. I lost $250 AUD.

    I have learned a valuable lesson which I should have know. Oh yes the crypto account was never completed as promised.

    Don’t be A fool.

  3. I too have been scammed by Boost-Trade. I felt with what appeared to be a nice man called Joseph Klein. I checked my account on 2 occasions and my initial deposit was showing growth to $1000 by artificial intelligence trading scheme. Then next I noticed the web site was I contactable. Phone number disconnected and emails remain unanswered. I lost $250 AUD.

    I have learned a valuable lesson which I should have know. Oh yes the crypto account was never completed as promised.

    Don’t be a fool as I have been.

  4. Boost trade done me also. Thomas Goldman was his name.
    Do not deal with this company.
    Scammers for sure.
    All went OK until I asked for my money, then the excuses started happening and now no one will talk to me.
    I got done for over 10,000 dollars and I kick myself after trusting this person

    • Yep, I’ve spoken with Thomas Goldman and Sam, said I had to deposit 2922.90 aud to exodus wallet to get connected to block chain, they transferred money straight to trading account, can’t access any funds, Web site not available

      • Sorry to hear that Alex.
        Thomas came across as a nice bloke.
        Wowl, was I deceived.
        Yes the website is closed now, but I’ve got a feeling they are still operating.
        There’s a Gina Rinehart add on Facebook and I think it’s them.
        Good luck getting your money back because I can’t get mine

        • I was done also last year $7500 all my savings . I have 6 kids one with cancer at time and one with anorexia in hospital. I couldn’t work so was trying to top up our money. How heartless were they. They knew all this and said I really want to help you. First was Daniel then apparently he was sick so Thomas helped me. Yeah to get another $4500 to make it up to the $7500 saying you are paying that to get other money released but you will get all back. Check your atomic wallet. I did and it showed there. I rang atomic wallet and they said that was fake there is nothing there. They got me to use any desk on iPad so they were telling me what to do. How stupid I was to be fooled.
          I now have a Phillip calling me again this year telling me that my money is sitting in my trading account and he can help me get out. But I have to pay more money Suprise suprise!!! He said you want my help or not then said you let me know. Wish they would stop reminding me what a fool I was as they are so so believable !!!

  5. I have been scammed by boost trade by Sam Goldberg $10000 gone in drain no reply from them no calls no emails can’t even open website.learnt an expensive lesson .

  6. If I could rate negative I would.
    I too have got done by these parasites. I saw an ad on Facebook and involving Richard Wilkins. I put in my details and shortly after got a call from a Tina Saeva. Initially I deposited AUD$311 back in early April. I spoke almost daily with her and emailed back and forth regularly too. I felt like I knew her and trusted her. FFS what was I thinking ?!! She did everything for me on the internet using ANYDESK and she seemed like a real professional. Eventually I sent more and more money and in the end my superannuation. She set up a self managed super fund with Just Super, set up a company in my name as a trustee, TFN, ABN, ACN, etc. I had in the back of my mind, and asked her on several occasions if this was a scam and she said if it were I’d never hear from her again, etc. They are SO SO SO clever with the psychological stuff I WANTED to believe this was REAL. Then she went “to see her mum in Poland ” for 2 weeks – which went on and on – she apparently met a wealthy guy with a large yacht and put Thomas Goldman in charge of my account. Needless to say, when I wanted to withdraw some funds – let’s just say it was impossible. There was a so called blockchain “gap” that required more money to be sent to fix. Anyway, to cut a LONG story short I have lost over AUD$400,000 to these FKKNNN low life assholes. I’m 52 and lost everything.



      • Hi ian and warren. I have just been done by these pricks as well. All is well until you want to withdraw. I’ve given them thousands. They keep saying I have to pay the gap for the block chain. And the gap just keeps increasing. I’ve reported them to ACCC but there’s probably not much more we can do. It seemed so legit.

        • I had the same experience. A guy named Fabricio Goncalvelz, whose nickname is Andrew Trader. At first I sent him $30, then $35, then $80. The fourth time he asked for $110. That’s when I knew I had been deceived, and I was certain that he would not stop until he drained all my money.
          I must admit that I was very stupid, although I have a sharp intelligence, but greed blinded my insight.
          In the end, I thank God that I did not lose more than that. These stories, in which the owners say that they lost hundreds of thousands of dollars, greatly alleviated my suffering.
          Don’t trust anyone you don’t know, and don’t send your money to the unknown, this is a lesson for me and I learned a lot from it.


  7. Hi Genna. I was sucked in also. Thomas Goldman came across as a top bloke. Was I wrong. I don’t know who can help us also.

    • Yep I had alex shultz and Goldman. Like i said, I have reported them to ACCC /scamwatch and have been referred to IDCARE to help navigate what’s next. I can let everyone know on here, if IDCAREA share anything important.

  8. Hi everyone, I think me to, but I have a wallet address I can look at on, how many separate deposits have you guys made via crypto? Do you have a private wallet Like exodus? Pease contact me to discuss [email protected]

  9. Hi Alex. Yes I had an exodus wallet and it shows coin in there, but it’s fake coin. I have let all the authorities know, but no one can help because it was done overseas.

  10. Hi Warren, I got a quote from IFW in Sydney, they want $10k, they seem to be a reputable company, check out there Web site.
    Did you get in contact with “Daniel Muller”, what happened

  11. Hi Alex. Yes I contacted Daniel M before you told me who he was.
    He lied to me and said he was a lawyer.
    I have gone to my charge back to try and catch these scumbags, but they havent had much luck because they nèed help from Australian Police.
    Unfortunately the Police arent much help


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