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Tregako.com: A secret scammer hiding behind an attractive design and user-friendly interface

Rating:
1.5/5
Reviews: 2

Tregako is a broker who appears in March 2024. As it is a new subject in the trading arena, we decided to check its legal status and proposed services. At first glance, it is quite a classical brokerage firm with basic functions but the devil's in the details. Our goal is to expose them to publicity so anyone will be caught in their nets.

  • Broker name: Tregako
  • Address: No details
  • Website: https://tregako.com/
  • Regulation: Not regulated by any legitimate company
  • Customer support: support@tregako.com
  • Language: English, Spanish, Portuguese
  • Phone number: No details

First red flag: Lack of regulator puts customers at risk

Tregako paid special attention to the “Legal Documents” section since there is almost all needed information –Terms and Conditions, Risk Warnings, Privacy Policy, Cookie Policy, AML Policy, and Additional Risk Disclosure. However, the most important thing is clearly missing – the certificate and the official regulator. Without this document, all other information is meaningless, since they can promise you anything, but the regulator is just a guarantee that you will be protected and will not fall into the net of scammers.

It is the first flag and it should be enough not to cooperate with the broker but if you need more information to make a final decision, of course, we will provide it.

Second red flag: Beautiful design blinds you to shortcomings

It is worth recognizing that the Tregako team really tried to give the site an interesting look and user-friendly interface. It is quite viable and contains information that would be interesting for a potential client to review.

Therefore, by evaluating the site visually; traders may not pay attention to other red flags, for example, the lack of specifics about the team itself, real address, phone number, etc.

Third red flag: Questionable online reputation

We were shocked when we started checking Tregako reputation on the Internet since the amount of negativity raises serious doubts about the legitimacy and reliability of the brokerage company. However, we did not make a superficial assessment, so we studied all the content in more detail.

Paid reviews

It was difficult but we were still able to find content that mentioned Tregako in a positive light. And it turned out to be their own channel, that is, self-promotion. Anyway, there is not much information that reveals more about this broker.

Also, we found only one article on LinkedIn. It is not a usual platform for writing reviews, isn’t it? So, it looks like a paid article that was released to cover up some negative content. It is likely that over time, even more such purchased content will appear.

The absence of any comments on popular platforms like TrustPilot is also suspicious. What is dangerous is not the fact of a clean business profile, but its complete absence, since this platform automatically creates pages for newly created companies. It turns out that tregako.com has just entered the market and has minimal experience.

Negative content

There are lots of videos and articles where authors claim that Tregako is a scam broker who wants to steal the personal information and funds of its clients. You can easily check it by googling “Tregako”.

To be honest, some of them also raise some doubts about their veracity, since the research is quite superficial, but if this was an attack by scammers on an honest broker, then their team would definitely react to such harsh statements. In the meantime, the broker works for gullible traders, luring them out of deposit after deposit. And guess what? You will never return your money.

Fourth red flag: Unknown owners

Do you want to know people who you trust with your money, personal data and hopes for a more prosperous future? It is quite logical that yes, but the broker decided to leave out this information. Moreover, the platform itself was created quite recently.

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Lack of transparency regarding ownership raises questions about the legitimacy of the broker and the safety of investors’ funds. So investors must conduct thorough research before engaging with any financial institution, ensuring they understand the company’s background, regulatory status, and ownership structure.

Tregako.com fails to provide clear information about its owners, it is wise for traders to proceed with caution or consider alternative options with more transparent practices.

Fifth red flag: Unreasonably high prices for account types

Tregako pricing structure raises concerns, particularly with the disparity between the cost of their account types and the value they offer. With the lowest tier starting at 12,500 EUR and the highest reaching a staggering 150,000 EUR, investors are left questioning the justification behind such steep fees.

Moreover, the lack of differentiation between these account tiers is evidence that Tregako doesn’t offer anything substantially unique or advantageous to justify these prices. The high pricing raises red flags regarding transparency and fairness in their business practices, urging traders to approach with caution. So think twice before depositing there even a euro.

Final conclusion on the Tregako.com scam

The investigation into Tregako.com reveals a concerning pattern of red flags, signalling a potential scam lurking behind the facade of an attractive website and user-friendly interface. The absence of regulatory oversight, undisclosed ownership, questionable online reputation marred by paid reviews and negative content, and exorbitant pricing structures collectively paint a picture of a broker lacking transparency and credibility.

Therefore, our recommendation is to steer clear of this platform and explore alternative, more reputable options in the trading arena. By raising awareness of Tregako dubious practices, we aim to protect consumers from falling victim to potential scams and uphold the integrity of the financial industry.

Rating:
1.5/5
2 Reviews
July 10, 2024
Avatar for Matěj Kučera
Matěj Kučera

The broker kept charging hidden fees. I feel cheated.

June 22, 2024
Avatar for Gary G.
Gary G.

They convinced me to invest in a ‘sure thing.’ When the investment tanked, they were nowhere to be found. I’ve been duped.