Tiger Trade (tiger.trade) is a fintech company in the forex industry notorious for scamming consumers.
They offer copy trading services and a dedicated trading app for Windows.
It has received a ton of complaints from consumers for defrauding them. Many people have complained about how they lost their hard-earned funds because of this company.
The company primarily targets Russia and the adjacent markets.
Their website is tiger.trade. Moreover, the company claims to be based in Switzerland.
However, they don’t share any regulatory information. The financial regulator in Switzerland is FINMA and Tiger Trade is not present on their register.
Certainly, it’s an unregistered finance firm and that’s a huge red flag.
You should avoid trading with unregulated firms as they don’t follow the strict laws and regulators a regulated firm would follow. Hence, you can lose all of your capital when trading with such companies.
A prominent example is PointPay, an unregulated broker notorious for stealing funds from its customers.
That’s not all.
Tiger Trade Capital AG has received a ton of complaints from its clients for these issues as well.
Read on to find out more:
About Tiger Trade Capital AG: Who is Behind The Company?
Documentation reveals that the man running Tiger Trade Capital AG is Nicolas Jouan, Genève.
Apart from running this crypto firm, he runs Simrose Overseas SA, Landmark Trust Switzerland SA, Joun -de Rham SA and several other companies.
However, these companies don’t have any notable online presence.
Nicolas Jouan is running a network of offshore companies. Hence, he might be involved in money laundering operations as well.
Is Tiger Trade Capital AG aka Tiger.Trade using a Fake Address?
When you visit the website Tiger.Trade, you find a business address and 2 email addresses as the only contact information available for the company.
The address of the company is Bahnhofstrasse 8B 6340 Baar Switzerland.
However, when you look up this address, you’ll see it is merely a virtual address. In other words, numerous companies use this address to forward their mail there.
Clearly, Tiger Trade Capital AG doesn’t have a proper office making it more difficult to trust the company.
Using virtual office addresses is quite prevalent among online scams.
Tiger Trade Review: What People Say About Tiger.Trade
I found several people sharing their personal review. They highlighted how the company stole from them.
Michael shares Tiger Trade (tiger.trade) is not a real broker. Instead, they are just a bunch of thieves.
According to Michael, they sell trading signals and the transactions you perform on their platform never go to any external charts.
They steal your deposited funds and block you after taking the money.
Timur shares that the Tiger Trade broker stole $1300 from him. He had placed a withdrawal request but the company never processed it.
Another reviewer shares how Tiger.Trade AG stole from him. The company made many claims about how it can help the reviewer get a decent income.
However, it didn’t help.
The reviewer says that Tiger Trade manipulates the charts and make you lose all of your funds instantly.
Hence, they don’t recommend this broker.
There are a ton of additional reviews, I’m sharing some of them below:
“Tiger Trade Stole 4.3 Million Rubles From Me in a Minute”
Sergey shares that on June 27, 2022, the Tiger.Trade terminal wiped away all of his funds.
He had been using the terminal for quite a few months.
On that day, he placed a limit order to purchase NGQ22 and he had set up Stop, Take and No Loss set up as part of his order.
The terminal began to close and open new positions automatically. Within a minute and 27 seconds, Sergey saw the terminal make multiple large transactions.
The transactions resulted in Sergey losing his entire deposit of 4.3 million rubles.
He says the trading platform didn’t follow his order at all.
According to his order, the platform should have closed the deal before generating a loss. But the terminal kept closing and opening new positions by itself.
Later, Sergey contacted the customer support of the firm. However, they didn’t help him.
They claimed everything you do is at your own risk.
He visited their Moscow office but only found a janitor and a programmer working.
“They Don’t Let You Trade”
Danya doesn’t recommend trading with this Swiss company. They point out if you experience any lag, you wouldn’t be able to exit the position.
Also, they highlight that the software is full of bugs. If you complain to Binance, they tell you to contact Tiger and they send you back to Binance.
Basically, nobody does anything.
It would be better for you to use Binance without Tiger Trade.
“They Don’t Let You Make Money”
Ivan shares Tiger Trade is a scammer posing as a broker.
He says the company doesn’t let you earn money and you can’t withdraw your deposited funds either.
Because the company doesn’t have any registration anywhere, they don’t follow any laws.
Ivan points out they don’t have any licenses. So, he doesn’t recommend trading with them.
“They Scammed Me, Please Help” – Another Sad Tiger Trade Review
Tamara pleads for help in this post. She says Tiger Trade has scammed her. Also, she had deposited $500 hoping she would be able to make at least $100.
However, the trading platform stopped loading the third day. She says the platform stopped displaying any charts.
Later, she contacted the customer support but no one responded.
“Money Vanished From My Tiger.Trade Account In 12 Hours”
Sera calls them a bunch of scammers. They highlight that they had added funds to their trading account but the platform deducted them within 12 hours.
The money vanished.
When Sera contacted them, they didn’t give any explanation. The firm claimed the bank must have caused this but Sera says it makes no sense.
After reading the various reviews on Tiger.Trade. it’s obvious that the company is a scam.
You should avoid dealing with them.
There are plenty of crypto firms you can go to.
However, this is an offshore company which has no license or regulation.
And Tiger is one of them.
Hence, avoid doing business with them.
Tiger Trade (Tiger.Trade) claims to be a broker and a copy trading firm. However, the company is notorious for stealing from its customers. Avoid dealing with them at all costs!
- Offshore broker
- Received too many complaints
- Offer no customer support