Polygontrade247 Online is a weird-looking investment platform. They claim to help retail traders take advantage of the financial markets. However, the guidelines are too vague, and transparency isn’t their top priority.
Even the information regarding their upper management is hard to find, and regulatory status is bleak. The cost of almost every account type is on the higher side. Note that the fees are also on the higher side. Also, information regarding the other aspects, such as swaps and conversion fees, is not highlighted.
In short, the present confusion is simply unjustifiable and does not instill confidence in any way, form, or manner. To know why you must be careful with these online portals, continue reading.
Management and Certificates
Knowing the team behind this so-called investment portal is almost impossible. In their About Us section, they claim to be owned by DiamondFX. However, there is no way to verify their claims, and information regarding the profiles they showcased is also questionable.
As many things do not add up, no rational person would ever proceed with them. The financial markets pose immense risk. Choosing a reliable and regulated broker or an exchange is a must to navigate this space.
If anyone makes the mistake of not doing proper research, chances are they will lose all their funds. So, do not take this step lightly; always do thorough checks before proceeding.
What does Polygontrade247 Online offer?
Polygontrade247 Online claims to offer investment plans involving stock markets, forex, and cryptocurrencies. The starting price varies depending on the asset class. Compared to the industry average, the costs are expensive.
The value proposition is not explained clearly as well. Returning to the actual point, it is difficult to comprehend their end of the bargain. There are no audited records present, and trading history is not made public. Apart from the affiliates of this platform, the chances of anyone else making money with them are slim to none.
Given the other aspects of this firm combined with misleading and confusing investment plans, it is a no-brainer decision to stay away from them. After all, how can we trust them with our money without knowing any significant aspects of their business model?
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
Asset Class
Investing in one particular instrument or stock is never a good idea. Diversification is the key to maintaining risk, which is a crucial step. This platform claims to offer stocks forex pairs along with top cryptocurrency pairs.
Offerings do appear decent. Sadly, it doesn’t make sense to move forward without knowing the average spreads, trading costs, and associated fees. Also, they do not mention anything about short-term trading strategies. In other words, if you want to use this platform, talk with the support team before placing any order.
Profit Potential
On their website, there is no information regarding the profit potential. The investment amount is present, but they have not mentioned anything about the expected rate of return.
On the positive side, it is significant that they haven’t mentioned the range as it is unpredictable. However, the lack of data regarding risk management measures is a concern. All in all, never trust them blindly and double-check everything they claim to offer.
Polygontrade247 Online User Reviews
We tried to find user reviews about Polygontrade247 Online. Unfortunately, not many people have talked about this firm online. Their website has received a surprisingly low trust index, and it paints them in the worst way possible.
The lack of social proof and questionable trust index tell us almost everything about them. As the data is crystal clear about their nature, we encourage all of our readers to stay away from them.
Think about it this way – If they helped people make consistent returns, wouldn’t they get thousands of mentions?
Is Polygontrade247 Online a Scam?
Polygontrade247 Online looks like a shady entity. They showcase many concerning points, and there is no unique advantage to choosing them as your primary brokerage. Lots of essential factors are not made public.
Information regarding trading costs and associated fees is also a mystery. Even the social proof is lacking, and they display no trait that reassures the end customer.
Moreover, there are tons of much better-regulated counterparts available. Always safeguard your capital and never take chances with shady firms that do not offer the security of funds.
Complaints We Received
On October 23, 2023, we received the following complaint:
I contacted a trader named Cale Berghammer, who advised me to download the Valr app and deposit funds of R1000 into that account. He then instructed me to buy Bitcoin with the money. Afterward, he sent me a link, https://Polygontrade247.online, and told me to register, which I did. Now, the account is suspended when I try to open the link. Please assist me.
Conclusion
Trading the markets contains a lot of moving parts, and it is essential to safeguard your interests at every level. Double-check every parameter, and do not stray away from regulated exchanges or firms for your good.
It comes down to reliability, which is the trait most established brokers display.
If you have fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!
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