Is TradeOgre Legit or Scam?
Red flags surrounding TradeOgre raise serious concerns about its legitimacy. Here’s why:
- Lack of Transparency: Information about the company’s ownership, headquarters, and legal documents is shrouded in secrecy.
- Absence of Regulation: TradeOgre operates without any regulatory oversight, leaving users vulnerable to potential manipulation and fraud.
- Negative User Reviews: A significant portion of user reviews on platforms like Trustpilot are overwhelmingly negative, highlighting withdrawal issues, non-transparent fees, and poor customer support.
Considering these factors, it’s highly advisable to avoid trading with TradeOgre.
Company Overview
Regulated by: | No regulations |
Is This Company Safe? | No |
Known Websites: | |
Have Warnings from: | N/A |
Registered in: | N/A |
Operating since: | 2018 |
Trading Platforms: | Web-based |
Maximum Leverage: | N/A |
Minimum Deposit: | N/A |
Deposit Bonus: | Not available |
Trading Assets: | Cryptocurrencies |
Free Demo Account: | No |
How to Withdraw from This Company? | After reviewing numerous negative reviews you can’t expect smooth withdrawals. So, if the company is holding your funds get in touch with our refund team for assistance. |
Services or Products
TradeOgre primarily offers crypto-to-crypto trading with a limited selection of assets compared to other exchanges.
If you have lost money to companies like Longhorn FX, or BTrade; please report it to us on our report a scam form.
Trading Platform & Leverages
The platform is web-based only, lacking a mobile app and desktop software. Leverage options are not offered.
Spreads and Cost of Trading
TradeOgre charges a fixed trading fee of 0.2%, which might appear low at first glance. However, user reports suggest additional, non-transparent fees during withdrawals, raising concerns about hidden costs.
License and Regulations
TradeOgre operates without any regulatory license, placing users at significant risk. Without regulatory oversight, there’s no guarantee of fair trading practices, secure fund handling, or dispute resolution mechanisms.
Legal Warning Against TradeOgre
Due to the lack of transparency, regulations, and negative user experiences, extreme caution is advised when considering TradeOgre. It’s strongly recommended to choose a regulated and reputable exchange to safeguard your investments.
Deposit and Withdrawal Methods
Deposits and withdrawals are only possible through cryptocurrencies. Withdrawal processing times are uncertain, and users report encountering verification issues and unexpected charges.
TradeOgre Pros and Cons
Pros | Cons |
Relatively low fixed trading fee (0.2%) | Lack of transparency concerning ownership, regulations, and legal documents |
| Â | Unregulated and potentially risky |
| Â | Negative user reviews highlighting withdrawal issues and non-transparent fees |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers like TradeOgre present several potential risks:
- Increased exposure to fraud and scams: Without regulatory oversight, such platforms are less accountable for their actions, making them prime targets for fraudulent activities.
- Unprotected funds: In case of disputes or platform closure, users have limited options for recovering their funds due to the absence of regulatory protection.
- Unfair trading practices: Unregulated platforms may engage in market manipulation or unfair trading practices that disadvantage users.
Client Feedback
Client feedback points overwhelmingly towards negative experiences with TradeOgre. Users report difficulties with withdrawals, unexpected fees, and poor customer support. This further reinforces the cautionary tale surrounding this platform.
How Can “ReviewsAdvice” Help You If You Get Scammed?
While “ReviewsAdvice” cannot directly offer financial advice or guarantee recovery of lost funds, we can provide resources and support. We can help you:
- Understand your rights: We can inform you about legal avenues you may pursue to seek compensation for financial losses incurred through scams.
- Connect with relevant authorities: We can guide you towards filing complaints with regulatory bodies or seeking legal assistance.
- Offer support and guidance: We can provide resources and support to help you navigate the process of recovering from a scam and prevent future occurrences.
We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
TradeOgre presents numerous red flags, raising serious concerns about its legitimacy and safety. Avoiding this platform and opting for a regulated and reputable exchange is crucial to protect your investments from potential risks. If you believe you have been scammed by TradeOgre, remember to seek assistance from relevant authorities and seek legal counsel if necessary.
