SureTradeGroup – Are They Safe?

Website URL: https://suretradegroup.ai

Founded: 2024

Regulations: Unregulated Broker

Languages: English, Arabic, Chinese (Simplified), Dutch, French, German, Italian, Portuguese, Russian, Spanish

Deposit Methods: Bank Wire, Visa, Maestro, MasterCard

Minimum Deposit: $250

Free Demo Account: Not Available

Number of Assets: 200+

Types of Assets: Spot Metals, Forex, Futures, Shares, Spot Indices, Commodities, Cryptocurrencies

Trading Accounts and Conditions

SureTradeGroup offers their clients the following trading accounts and trading conditions:

• Money Market Account: The initial deposit is $250 and the leverage is capped at 1:10.
• Fixed Deposit Account: The leverage is 1:20.
• Brokerage Account: The leverage is 1:30.
• Retirement Account: The leverage is variable.
• Trust Account: The leverage is variable.
• Drip Dividend Plan: The leverage is 1:50.
• Mortgage Account: The leverage is 1:50.
• Private Wealth Account: The minimum investment amount is $500,000. The leverage is 1:50.

There is no clear information about the initial deposits for the other account types. There is also no information provided about the spreads, the commissions, and other trading conditions. However, when we checked the broker’s trading platform, we found that the EURUSD spread was 0 pips. There were no spreads given for the GBPUSD and the USDJPY spread was a massive 5 pips.

SureTradeGroup – Advantages

There are no advantages to trading with SureTradeGroup.

SureTradeGroup – Disadvantages

Here is a list of all the disadvantages that tell us that we are dealing with a scammer:

• Lack of Regulation

The first disadvantage that tells us that SureTradeGroup cannot be trusted is their lack of regulation. This broker gives us an address on the footer of their website – a London, UK address. The broker also claims to have offices in 8 different countries, but does not mention which ones. On their Contact Us page, the broker claims to be based in Canada, but does not provide us with a Canadian address. There is also no contact number or email address provided. The only way that one can get in touch with this broker is via the form given on their Contact page. Added to these gaps, the most important piece of information – their regulation status – is also missing.

These gaps in key information are already a dangerous sign that things are not right with this broker. However, to give SureTradeGroup the benefit of the doubt, we still checked the UK and Canadian regulator’s registers.

The UK’s Financial Conduct Authority’s register did not have this broker listed on their database. The FCAC, or, the Financial Consumer Agency of Canada also does not have any broker by the name of SureTrade Group listed on their register.

Since there is no other information on this broker’s website with regard to their financial regulation, we can confidently assume that this broker is not regulated at all. In fact, we can go a step further and state that this broker is actually operating anonymously since the single address they have provided is also incomplete.

This clearly tells us that SureTradeGroup is a scammer and not safe to do business with.

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• Poor Trading Platform

SureTradeGroup claims to offer their clients an advanced Webtrader platform. The broker also claims that their trading platform is equipped with a range of innovative tools and charts.

Sadly, these claims are just more lies. When we accessed their trading platform, we found out what SureTradeGroup had to offer was a far cry from what they have promised. Their web-based trading software is very generic, with barely any functionality or tools to speak of. In fact, this is the kind of software we have seen other scammers use time and time again.

When a broker offers a sub-standard trading platform, it is a clear sign that they are not legitimate brokers. No legitimate broker would compromise on the quality of their only product offering.

• Issues with Trading Conditions

Another disadvantage that tells us that SureTradeGroup cannot be trusted is the lack of real trading conditions. While the trading platform a broker offers can be one of the many in the market, their trading conditions are what make the broker competitive. Which is why brokers advertise their trading conditions clearly and in great detail on their websites.

When a broker hides information on their trading conditions, it is another sign that they cannot be trusted.

First, the lack of complete information on their trading account types. We only know that the minimum deposit for the first account type is $250. We do not know how much of a deposit has to be made for the other account types. Plus, the $250 amount is on the higher side; so many excellent brokers today ask for less than $50 as an initial deposit.

The leverages are also not clearly mentioned. Some of the account types have numbers given and in others, the leverage is simply variable. Spreads are not mentioned at all; we had to check the broker’s trading platform for that information. And even then, it was incomplete. And other trading conditions are just not there.

All of this tells us once again that SureTradeGroup cannot be trusted at all.

• Lies About Payments

On their website, SureTradeGroup puts up the logo of multiple payment providers – Maestro, Visa, MasterCard, and Bank Wire. However, when we checked the broker’s payments section, we found out that the only way that we can deposit funds is via cryptocurrencies. This is a huge signal that this broker is a scammer.

Legitimate brokers will offer you a wide variety of payment methods. When a broker offers a single payment method and that too cryptocurrencies, it is a scam. Crypto payments are notoriously dangerous. They are permanent and anonymous, which is why they are a favorite with scammers.

So, if you see a broker offering a single payment method, it is best to avoid them immediately. 

Conclusion

Trading with SureTradeGroup would not be a good idea. This broker is a scammer and therefore, not safe or trustworthy.

SureTradeGroup

2.4

User Experience

2.0/10

Payment Options

2.2/10

Security

3.2/10

Support

2.4/10

Reputation

2.2/10

Pros

• None

Cons

• Lack of Regulation
• Poor Trading Platform
• Issues with Trading Conditions
• No Trading Conditions
• Lies About Payments