Overview of Trading Score
Trading Score is an unregulated broker operating in China. Its lack of regulatory oversight raises concerns about its legitimacy and safety for investors. Traders should exercise caution and conduct thorough research before engaging with such platforms to protect themselves from potential fraudulent activities or financial losses. Reviews of Trading Score on WikiFX are predominantly negative, with claims that the organization is a scam involved in illegal activities. It is unlikely for traders to recover their funds legally if they become victims of such entities.
Trading Score offers a variety of market instruments for trading. Traders can speculate on the fluctuations in currency pairs, such as AUD/CAD, USD/AUD, and EUR/GBP. The platform also provides access to commodities like gold, natural gas, and oil, allowing traders to profit from changes in global supply and demand dynamics. Additionally, Trading Score offers trading opportunities on popular stock market indices like the Dow Jones, DAX 30, and CAC 40, as well as individual shares from well-known companies.
Trading Score offers different account types, including Bronze, Silver, and Gold. Each account type has a varying minimum deposit requirement and maximum leverage. However, it is important to note that there is no demo account available for traders to practice trading with virtual funds before committing real money. The platform accepts deposits through debit/credit cards, bank transfers, and payment systems, but it has been flagged as a fraudulent broker.
Pros and Cons
Trading Score offers a wide range of market instruments, including currency pairs, commodities, indices, and shares. It provides account options for different budgets and experience levels, with leverage options ranging from 1:200 to 1:600. The minimum deposit of €250 allows traders to get started, and multiple deposit methods are available. The platform offers a standard web-based trading platform with essential tools and features. However, the lack of regulatory oversight raises concerns about credibility and safety. There is no Trading Score Demo account for virtual practice, and the spreads are relatively high. The main website is currently unavailable, and customer support is limited primarily to email communication. Furthermore, there is a lack of educational resources and trading tools provided.
Is Trading Score Legit？
Trading Score, a broker, operates without any regulatory oversight, which raises concerns about its credibility and safety for investors. It is crucial to note that the absence of regulation exposes traders to significant risks. Therefore, it is important to exercise caution and thoroughly research before engaging with such platforms to protect oneself from potential fraudulent activities or financial losses.
Market Instruments
1. CURRENCY PAIRS (FOREX) - Trading Score offers a range of currency pairs for trading, including AUD/CAD, USD/AUD, and EUR/GBP. These currency pairs allow traders to speculate on the exchange rate fluctuations between different countries' currencies.
2. COMMODITIES - Trading Score provides access to various commodities such as gold, natural gas, and oil. Traders can take positions on the price movements of these commodities, allowing them to potentially profit from changes in global supply and demand dynamics.
3. INDICES - Trading Score offers trading opportunities on popular stock market indices like the Dow Jones, DAX 30, and CAC 40. These indices represent baskets of stocks from major companies and provide an overview of the overall market performance in specific regions, enabling traders to speculate on the direction of the broader market.
4. SHARES - Trading Score allows trading of individual shares from well-known companies like Amazon, Tesla, and Google. Traders can take positions on the price movements of these shares, potentially profiting from their individual company performance or market sentiment towards them.
Pros and Cons
Account Types
Bronze Trading Account: The Bronze Trading Account is Trading Score's entry-level account with a minimum deposit of 250 EUR and maximum leverage of 1:200. It is suitable for new traders with limited budgets.
Silver Trading Account: The Silver Trading Account is a mid-tier option with a minimum deposit of 2,500 EUR and maximum leverage of 1:300. It caters to traders with slightly higher budgets and a preference for increased leverage.
Gold Trading Account: The Gold Trading Account is Trading Score's premium offering, requiring a minimum deposit of 25,000 EUR and providing maximum leverage of 1:600. It targets experienced traders with larger capital and a preference for higher leverage.
Please note that there is no Trading Score Demo account available, which means traders do not have the option to practice trading with virtual funds before committing real money.
Pros and Cons
Leverage
Trading Score offers leverage options ranging from 1:200 to 1:600 across its different account types. Bronze Trading Account has a maximum leverage of 1:200, Silver Trading Account offers 1:300, and Gold Trading Account provides the highest leverage of 1:600.
Spreads
The spread offered by Trading Score on the platform was approximately 3 pips for EURUSD. This spread can be considered relatively high, which may limit the potential for substantial profits.
Minimum Deposit
The minimum deposit required by Trading Score is €250, which is considered acceptable for traders to get started with their accounts.
Deposit & Withdrawl
Trading Score allows deposits through debit/credit cards, bank transfers, and payment systems. Chargebacks can be initiated within 540 days of the transaction for deposits made with debit or credit cards, offering a potential avenue for fund recovery.
Trading Platforms
Trading Score provides a standard web-based trading platform for its users. The platform offers essential tools and features required for trade execution.
Customer Support
Trading Score provides customer support primarily through email. Traders can reach out to the customer support team by sending their inquiries or concerns to support@tradingscore.co.
Reviews
Reviews of Trading Score on WikiFX are overwhelmingly negative, with claims that the organization is a scam and part of the offshore and unregistered trading entities that engage in illegal activities. The reviews warn traders that it is highly unlikely to recover their funds legally if they fall victim to such organizations. Overall, there is a lack of trust and confidence in Trading Score based on the reviews available on WikiFX.
Conclusion
In conclusion, Trading Score operates without regulatory oversight, raising concerns about its credibility and safety for investors. Traders should exercise caution and thoroughly research before engaging with this platform to protect themselves from potential fraudulent activities or financial losses. While Trading Score offers a variety of market instruments such as currency pairs, commodities, indices, and shares, the absence of a demo account limits traders' ability to practice trading with virtual funds. Additionally, the relatively high spreads and negative reviews on WikiFX further contribute to the lack of trust and confidence in Trading Score as a reliable broker.
FAQs
Q: Is Trading Score a regulated broker？
A: No, Trading Score operates without any regulatory oversight.
Q: What market instruments can I trade on Trading Score？
A: Trading Score offers currency pairs (forex), commodities, indices, and individual shares.
Q: What are the account types on Trading Score？
A: Trading Score offers Bronze, Silver, and Gold trading accounts.
Q: Does Trading Score provide a demo account？
A: No, Trading Score does not offer a demo account.
Q: What is the leverage offered by Trading Score？
A: Leverage ranges from 1:200 to 1:600 depending on the account type.
Q: What is the minimum deposit required on Trading Score？
A: The minimum deposit is €250.
Q: How can I deposit and withdraw funds on Trading Score？
A: Deposits can be made through debit/credit cards, bank transfers, and payment systems. Withdrawals can be requested following the provided options.
Q: What trading platform does Trading Score offer？
A: Trading Score provides a web-based trading platform.
Q: How can I contact Trading Score's customer support？
A: Customer support can be reached via email at support@tradingscore.co.
Q: What do reviews say about Trading Score？
A: Reviews on WikiFX indicate a lack of trust and negative experiences with Trading Score, suggesting it may be involved in illegal activities.
