Tradespeck is a forex and CFD broker that claims to offer a wide range of trading instruments, low spreads, fast execution, and excellent customer support. However, before you decide to open an account with them, there are some things you should know about this broker.
First of all, Tradespeck is not regulated by any reputable authority. They are registered in St. Vincent and the Grenadines, which is a notorious offshore jurisdiction that does not impose any strict rules or oversight on financial companies. This means that Tradespeck can operate without transparency, accountability, or protection for its clients.
Secondly, Tradespeck has a very poor reputation among online traders. There are many complaints and negative reviews about this broker on various forums and websites. Some of the common issues reported by users include:
Thirdly, Tradespeck does not provide any reliable information about its trading conditions, fees, or policies. Their website is vague and incomplete, and their terms and conditions are full of loopholes and clauses that favor the broker over the client. For example, they reserve the right to change the leverage, margin, or swap rates at any time without notice. They also have a clause that states that they are not liable for any losses or damages caused by their own negligence or misconduct.
In conclusion, Tradespeck is a broker that you should avoid at all costs. They are unregulated, untrustworthy, and unethical. They do not offer any advantages or benefits to their clients, but only risks and problems. If you are looking for a reliable and reputable broker, you should look elsewhere.
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