Warning: Is Meteor Trade a Scam?

Review: Meteor Trade (meteortrade.co)

We audited Meteor Trade (meteortrade.co) and uncovered concerning issues.

We found that it is located at 8 Copthall Roseau Valley DOMINICA, 00152.

Meteor Trade claims to be a financial platform, but it appears unregulated by any major commission, such as the FCA or SEC.

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Is Meteor Trade Legit?

The biggest issue is that Meteor Trade (meteortrade.co) lacks regulation from a credible authority.

Investing with unregulated brokers is very dangerous. Trusted firms are must be licensed with agencies like the FCA, CySEC, or CFTC to ensure consumer safety.

Meteor Trade operates without this protection. As a result, there is no safety net if they withhold your money. Most investment fraud involve unlicensed actors, and getting back money from them is hard without expert help.

For instance, in the UK, unlicensed firms are not covered by the Financial Ombudsman. In the US, they are not part of regulatory bodies, meaning your money is at risk.

Common Scam Tactics

Investment fraud is getting smarter. Fraudsters use manipulation to steal wealth. Below are typical methods seen in brokers like Meteor Trade (meteortrade.co).

The "Romance" Trap

The "Romance Scam" is a common method where scammers build trust over months. They build a relationship online. Eventually, they introduce a "lucrative" investment. It is a lie to get you onto a fake platform like Meteor Trade.

Fake Trading Dashboards

Fraudsters create websites that look exactly like real trading apps. They have charts and balances that increase. But it is a simulation. The broker manipulates the prices to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.

Red Flags

• Unsolicited Contact: They call you from "brokers" out of the blue.
• Unregulated: The firm lacks authorization.
• Guaranteed Profits: They promise 1% daily returns or risk-free trades.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" push you to invest bigger amounts.

Ignore fake reviews. Scammers frequently write their own 5-star reviews to appear real.

Conclusion

Our verdict is to avoid Meteor Trade. It is likely a fraud. Protect your money and use a regulated broker. Avoid meteortrade.co at all costs.