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 exactly their top priority.
Even the information regarding their upper management is hard to find and regulatory status is bleak to say the least. 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, conversion fees are also not highlighted.
In short, the confusion present is simply unjustifiable and it does not instill confidence in any way, form or manner. To know why you need to be careful with this type of online portals, continue reading.
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Management and Certificates
It is almost impossible to know the real team behind this so-called investment portal. 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 showcased by them is also questionable.
As a lot of things are not adding up, no rational person would ever proceed with them. The financial markets pose immense risk. To navigate this space, choosing a reliable and regulated broker or an exchange is a must.
If anyone makes the mistake of not doing proper research, then chances are he or she will lose all of their funds. So, do not take this step lightly and always do thorough checks before proceeding forward.
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What does Polygontrade247 Online offer?
Polygontrade247 Online claims to offer investment plans involving stock markets, forex and cryptocurrencies. Starting price varies depending upon the asset class. Compared to the industry average, the costs are clearly on the expensive side.
Value proposition is not explained clearly as well. Coming back to the actual point, it is indeed 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, chances of anyone else making money with them is 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?
It is never a good idea to invest in one particular instrument or a stock. Diversification is the key to maintaining risk and that is a crucial step. This platform claims to offer stocks, forex pairs along with top cryptocurrency pairs.
Offerings do appear decent. Sadly, without knowing the average spreads, trading costs and associated fees, it doesn’t make sense to move forward. Also, they do not mention anything about short term trading strategies. In other words, if you really want to use this platform, then do talk with the support team before placing any order.
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 great that they haven’t mentioned the range as it is unpredictable. However, the lack of data regarding the risk management measures is a point of 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 in the online realm. Their website has received a surprisingly low trust index and it paints them in the worst way possible.
Lack of social proof along with questionable trust index tells 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 really 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 a lot of concerning points and there is no unique advantage of choosing them as your primary brokerage. Lots of important factors are not made public.
Information regarding trading costs and associated fees are also a mystery. Even the social proof is lacking and there isn’t any trait displayed by them 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 security of funds.
Trading the markets contains a lot of moving parts and it is important to safeguard your interests at every level. Double check every parameter and for your own good, do not stray away from regulated exchanges or firms.
At the end of the day, it comes down to reliability and that is the trait displayed by most established brokers.
If you have any experience with Polygontrade247 Online, share your experience by leaving a comment below this Polygontrade247 review.
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