Splittrades review – Is Splittrades.com scam or safe?

Splittrades review – Is Splittrades.com scam or safe?

Caution! Splittrades is an offshore company! Your funds may be at risk.


Splittrades.com Key Facts

🔴 Splittrades.com is a British broker having no license to operate in the markets. Red flag!

🔴 Splittrades.com doesn't fully disclose the important information about themselves. Red flag!

🔴 Splittrades.com is a highly unpopular website. Disturbing sign, given the bald claims they make!

Splittrades.com registration, license and regulation

Splittrades.com is a website created by COLESPITE PARTNERS LTD, which is a British company holding no license to act as a Forex broker. So, Splittrades.com is an illegal entity selling financial products and services on regulated markets without the proper authorisation. We urge traders and investors to avoid such shady entities and trade with duly authorized companies complying with the world's different regulations.

Each broker presented in US have to be an NFA member and registered with CFTC.

The regulations in USA are quite heavy, compared to other domains. The capital adequacy requirement state Forex brokers have to provide minimum 20 million USD in paid-up capital to get a US license. Also clients’ funds should be kept in segregated accounts, making it impossible for brokers to misuse the capital for daily expenses.

The restrictions on Forex trading in USA includes a maximum allowed ratio of 1:50. Clients are also limited by the FIFO rule (first in, first out), meaning traders have to close their positions consequently. Hedging is also disallowed, which some traders might find restricting.

Splittrades.com address and contacts

Splittrades.com headquarters at 71-75 Shelton, London, Greater London, WC2H 9JQ, UNITED KINGDOM. It's an address occupied by many other shady companies and given the company's director residence in Cyprus we can confirm they have a nominal presence in UK only.

The contact number provided by Splittrades.com is +44 20 3807 3658. Our research showed this number listed as potential spam, so beware. That's a warning sign whatsoever.

Splittrades.com website information

Splittrades.com is a domain name registered by NAMECHEAP INC at 14.09.2020, or less than 6 months ago. It has a US IP address, which co-hosts almost 700 other websites, so we can not confirm links to other suspicious entities based on the IP research. Splittrades.com uses privacy protection services to hide the ownership, so it's impossible to link this website to companies or individuals different from the ones they present.

Alexa doesn't even index Splittrades.com, so it's highly unpopular a website. That refutes their claim to have a solid presence in the markets.

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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