First of all, we want to point out that the TradingBloom website was out of service at the time of this review. Only a few months after numerous authority bodies had blacklisted the firm, they decided to close the website and vanish, leaving many with no funds. Read our TradingBloom review and gather all the information for a dispute.
| Broker status: | Unregulated |
| Regulated by: | Unlicensed brokerage |
| Scammers Websites: | tradingbloom.com |
| Blacklisted as a Scam by: | AMF Netherlands, AMF Quebec, FI, FSMA, CONSOB |
| Owned by: | Bloomb Trading Facility B.V. |
| Headquarters Country: | Netherlands |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader, MT4 |
| Minimum Deposit: | 250 EUR |
| Cryptocurrencies: | Yes |
| Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | 1:200 |
| Free Demo Account: | No |
| Accepts US clients: | No |
What About TradingBloom Regulation?
TradingBloom was a brand of Bloomb Trading Facility B.V., a clone firm of AMF-regulated Bloomberg Trading Facility B.V. Once the Dutch regulator found out about the scheme, they issued an official warning.
Furthermore, the Terms and Conditions suggest that the Site is under the laws of Estonia and Saint Vincent and the Grenadines, not the Dutch law, as we’re misled to believe.
Why Must a Broker Have a License?
In order for the investment firm to comply with the rules and form compensation funds, it’s the safest to have a Tier1 license. As’s the case with all financial institutions, supervision is necessary to ensure that everything goes accordingly.
However, it seems that TradingBloom is just a clone of a regulated firm without its own license. This makes it an untrustable and unreliable Forex and CFD trading provider.
TradingBloom Warnings From Financial Regulators
Several warnings have been issued against the TradingBloom scam, including those from Canada, the Netherlands, and Italy. AMF of Quebec and Netherlands and Italian CONSOB all issued similar warnings, stating that TradingBloom is a fraudulent, unregulated firm that operates illegally.
The Estonian FI republished the AMF warning.
At the same time, Belgian FSMA republished an Italian warning.
Traders Reviews About TradingBloom Scam
Traders have been struggling to get their money back ever since the broker disappeared. The majority of reviews are about withdrawal issues, while some clients claim that the broker stole their money directly from their bank accounts, using software for remote device access, AnyDesk.
Where Is TradingBloom Trading Scam Active?
Our review shows that the TradingBloom scam is mainly active in:
- Italy
- UK
- Germany
- Spain
- Albania
Besides, based on the warnings, we can conclude that the firm was operating in Canada, Belgium, the Netherlands, and Estonia.
Supported Trading Platforms – Available Trading Software
Allegedly, TradingBloom offered MT4 and WebTrader. Our research has shown that MT4 is not TradingBloom’s platform but a borrowed tool belonging to FXtoAll. Since the firm is not the platform owner, your funds and personal details are at risk. Furthermore, the WebTrader is a typical TradingView chart.
Both platforms enable leverage of up to 1:200 against all regulatory standards.
In also, we recommend you not to invest in fraudulent brokers Gordonzak, Thunder Forex and Swiss FX.
Everything About TradingBloom Trading Accounts
TradingBloom account types remain a mystery as the website is not active. However, we discovered that the minimum deposit was 250 EUR, while the firm was also providing bonuses. Yet, if you accept the bonus, you will not be able to submit a withdrawal request until you repay the bonus plus the initial deposit 25 times.
TradingBloom Range of Trading Instruments & Markets
The broker was offering the following trading instruments:
- Currency pairs
- Commodities
- Indices
- Shares
- Cryptocurrencies
And remember the names of Gravity Trade, FNPMarkets and Gitex Capital trading scams and avoid them at all costs! Please, always check the bios of online trading companies before investing!
TradingBloom Deposit and Withdrawal Methods
There are several payment methods that TradingBloom accepts:
- Wire transfer
- Debit/credit cards
- Bitcoin
As mentioned, the minimum deposit was 250 EUR, while the minimum withdrawal amount is 250 EUR or USD, with withdrawal fees up to 50 EUR/USD, depending on the payment method.
Furthermore, the broker charged fees for all people who wished to withdraw their funds before they reached a turnover of 200 executed trades. The company claimed the right to charge 10% of your account balance. Yet, it’s unclear whether it’s 200 lots or 200 trades per se.
Scammed by TradingBloom Broker? – Tell Us Your Story
If you find yourself a victim of a trading company scam, contact us right away. The broker has vanished and we need to start the chargeback procedure right away!
But What Is A Chargeback?
A chargeback is one of the methods your bank can use to reverse the transaction and retrieve your funds. Contact us via online chat to book a FREE consultation and we will assist you right away. Don’t let scammers run with your hard-earned money, act now!