Abstract：Winning the forex trading challenge but failing to receive bonuses as promised by Trendo? Have you faced losses due to the manipulative trade practices employed by the broker? Do your withdrawal requests remain pending for months? It may be time to pull your funds from Trendo, even if that means taking legal action. Given the numerous trader complaints recently, it only makes sense to leave this trader. In this article, we have shared their complaints. Read on!
Winning the forex trading challenge but failing to receive bonuses as promised by Trendo? Have you faced losses due to the manipulative trade practices employed by the broker? Do your withdrawal requests remain pending for months? It may be time to pull your funds from Trendo, even if that means taking legal action. Given the numerous trader complaints recently, it only makes sense to leave this trader. In this article, we have shared their complaints. Read on!
The Scams Traders Face at Trendo
Fake Forex Bonus Offers
Traders have been tricked into investing through fake bonus offers that sound too tempting to resist. To grab these, they need to win the challenge by meeting conditions specified by the broker. Many traders, despite winning challenges, failed to grab bonuses. Here is one classic case presented through this screenshot.
Manipulative Trading Practices
Like many scam forex brokers, Trendo indulges in manipulative trading practices, leading to the worst experience for traders. A trader recently expressed views regarding the same. Here is the screenshot where he expressed his disappointment.
Withdrawal Remains Pending for Months
Trendo does not seem to accept the withdrawal requests, which remain pending for months. Imagine the plight of the trader with such long denials. As a trader, you would want to secure profits. With this trader, you cannot accomplish this goal. This screenshot lends credibility to this complaint.
Hidden Rules Prevent Traders from Accessing Withdrawals
Earlier, we mentioned the company employs the forex bonus scam tactic to bring in more deposits. While the bonus, as per one trader, is easy to achieve, it is hard to withdraw funds when trading with this, courtesy of the hidden rules set by the company. The lack of transparency raises doubt over the legitimacy of its operations. Here is one screenshot where this problem has been aptly described.
Why Does Trendo Receive a Modest Score?
The growing number of trader complaints and a lack of regulatory status are the prime reasons why Trendo receives a poor score of 1.49 out of 10 from the WikiFX team. The lack of regulatory supervision allows Trendo to continue with illegitimate trading practices involving withdrawal denials, fake forex bonus schemes, and hidden rules.
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