Red Flags
2
TrendsMacro
TrendsMacro, an offshore brokerage firm, has been flagged by multiple financial authorities for operating without proper authorization. Investors are cautioned against engaging with this unregulated entity due to significant risks of fraud and financial loss.
Quick summary on TrendsMacro
TrendsMacro presents itself as a high-tech broker offering attractive trading conditions, including low spreads and high leverage. However, upon closer examination, the firm lacks legitimate regulatory oversight and has been identified as a potential scam by several financial regulatory bodies.
Regulatory Warnings and Blacklisting: The Financial Conduct Authority (FCA) in the United Kingdom has issued a warning against TrendsMacro, stating that the firm is providing financial services or products in the UK without authorization. Similarly, the Central Bank of Ireland has listed Ascana Group Ltd, trading as TrendsMacro, as an unauthorized firm. These warnings highlight the firm’s lack of credibility and the potential risks to investors.
Operational Concerns and Client Complaints: TrendsMacro operates under Ascana Group Ltd, registered in the Marshall Islands, a jurisdiction known for lenient financial regulations. Clients have reported issues such as difficulty withdrawing funds and unresponsive customer support. The absence of a free demo account and the promotion of high leverage up to 1:400 further raise concerns about the firm’s intentions and the safety of client funds.
Public Perception and Media Coverage: TrendsMacro has attracted negative media attention due to its questionable business practices. Financial experts and online review platforms have cautioned traders against engaging with the platform, citing a pattern of deceptive tactics and lack of accountability. The firm’s registration in the Marshall Islands, a jurisdiction known for its lax financial regulations, further raises concerns about its credibility.
Given the regulatory warnings, operational red flags, and negative client feedback, engaging with TrendsMacro poses significant financial risks. Investors are strongly advised to conduct thorough due diligence and consider regulated and reputable brokers to ensure the safety of their investments.
Intel Reports
by: Nora Clark
This company ain't got no proper authorization, feels like a scam waiting to happen
by: Julian Schmidt
I tried withdrawing my funds multiple times, but customer support was unresponsive and my money seems stuck
by: Priya Sharma
TrendsMacro operates under Ascana Group Ltd, registered in the Marshall Islands, a jurisdiction known for lenient financial regulations. Clients have reported issues such as difficulty withdrawing funds and unresponsive customer support
Pros
Cons
by: Leo Thompson
I signed up thinking they were legit, but now I'm having second thoughts. Their registration in the Marshall Islands, a place known for lax financial regulations, doesn't sit well with me. Plus, the high leverage they offer seems more like...