SealTD.io – Are They Trustworthy?

Website URL: https://www.sealtd.io

Founded:

Regulations: N/A

Languages: English, German, Italian

Deposit Methods: Credit/Debit Cards, Bank Transfer, PaySafe, Neteller, Skrill, and etc.

Minimum Deposit: $250

Free Demo Account: N/A

Number of Assets:

Types of Assets:

SealTd.io is an outstanding unregulated broker. We wouldn’t look much farther than today’s broker if you asked us to offer you an example of an investment fraud. We feel like we’ve reviewed SealTd.io a hundred times, and to be honest, we’re not far off the mark.

Before you try anything, please read the preceding review. We are confident that anything you do with the broker will be a mistake. Continue reading to find out why.

A word or two about the registration procedure. First and foremost, we were unable to establish an account due to a domain availability issue. Whatever the situation may be, we do not believe we will suffer a significant setback. Second, we must rely on the website for all trading conditions without creating an account, and as you may be aware, we do not trust such information since it may not be accurate. Last but not least, the registration procedure is actually rather easy and is quite similar to that of a suspicious broker.

Trading Accounts and Conditions

How can we talk about a trading platform without any indication that a trading program is present? Not only are we unable to establish an account, but there is no information on the website about a trading terminal. As a result, we have no option but to classify this broker as lacking in trading software.

The Basic account asks for a $250 deposit. Otherwise, SealTD demands $5,000, $25,000, $100,000, and $250,000 for its Bronze, Silver, Gold, and Platinum accounts, respectively, while SealTD does not provide any more information regarding its unique Black Account.

SealTD.io – Advantages

SealTD is not a legitimate and licensed broker, as they falsely claim, but rather a reincarnation of an old fraud — an unregulated, offshore website intended solely to steal your money.

SealTD.io – Disadvantages

Withdrawal and Deposit Methods Are Signs of a Scam

The website will be used to determine payment terms. Payment circumstances, like trade conditions, cannot be entirely trusted, and everything we see from here on cannot be taken seriously. According to reports, the minimum deposit is $250. Credit cards, debit cards, bank transfers, and a few more payment options are available.

For bank transfers, the minimum withdrawal amount is $100, and for all other methods, it is $50. Withdrawals are subject to a 3.5 percent fee charge. The charge will be set at $30 if this proportion does not equal $30 or higher. Overall, this business is a total risk that is not worth your money or effort. Do not put your money here.

Plus500

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Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

 

AvaTrade

$100

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The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

Clearly Unregulated

The first thing we learn is that the broker is purportedly based in the Commonwealth of Dominica, a country that lacks any kind of currency regulation. In other words, it’s a new jurisdiction that permits all kinds of fraudster brokers to set up shop. SealTd.io does not have a license in that country.

Then we come upon a cryptic address that points to the broker’s location in Bulgaria. This information may be found in the website’s contact us section. However, there is no indication that the firm has a Bulgarian license. The local Financial Supervision Commission is the body that has the authority to supervise forex brokers, and there is no evidence that the present broker is regulated by them.

That’s all there is to it. SealTd.io does not have a license and is therefore deemed unlicensed. Furthermore, this firm may simply be labeled as anonymous and a fraud. Overall, this broker is extremely shady and suspicious, not to mention risky.

The Risk Does Not Match The Rewards

It makes no sense to invest in unregulated brokers, regardless of how you look at it. They pose a threat to all investments, as well as any personal information that consumers give. We usually encourage consumers to pick brokers that have been in business for a long time. As a result, it’s critical to double-check for a license before creating an account.

Companies regulated in the United Kingdom, the European Union, the United States, or Australia should be avoided. All of these licensed brokers are bound by a variety of regulatory and legal frameworks, allowing them to prioritize the protection and security of their consumers.

Not to add that the FCA and CySEC both have client compensation programs in place that ensure users are compensated if a broker is unable to repay them due to insolvency. The CySEC offers up to €20,000 in compensation per individual, whereas the FCA offers up to £85,000.

Conclusion

The most useful tool in a scammer’s arsenal is likely internet ads, which they employ to acquire a user base. Every internet user has seen at least a few of these phony advertisements that promise high investment returns and lavish lives. The majority of these advertisements lead to investment frauds or so-called rogue brokers. When a user visits this website, they will be asked to enter a phone number or email address so that the broker may readily solicit investments.

SealTD provides simple access to over 1000 trading products, a cutting-edge trading experience, and complete financial security. They also state that they are licensed and authorized, which sounds wonderful if only it were true. SealTD is, in reality, a reincarnation of a previous fraud, SeaLimited.io, which was banned by the Italian banking regulators in April.

According to the website, the trading instruments offered are FX currency pairs and a handful of CFDs that have yet to be revealed. There is no spread value, therefore readers expecting leverage will be disappointed. Overall, the website’s trade information is entirely absent, which is disappointing. Another indicator of an unregulated broker is this.

SealTD

2.5

User Experience

2.5/10

Payment Options

2.2/10

Security

3.0/10

Support

2.5/10

Reputation

2.2/10

Pros

• None

Cons

• Withdrawal and Deposit Methods Are Signs of a Scam
• Clearly Unregulated
• The Risk Does Not Match the Rewards