Trade211 Scam
- Nathan Reclaim LLC
Trade211 (Pty) Ltd also known as Hooya Plus Capital Inc. is a broker-based online trading platform. It provides a range of investment services, allowing users to trade and manage their assets securely and efficiently. The platform offers multiple account types and trading modes to suit different needs, with features such as instant deposits and withdrawals.
On 14th May of 2024, The Federal Financial Supervisory Authority (BaFin) warns consumers about the website trade211.com. According to information available to BaFin, financial and investment services are being provided on this website without the required authorisation.
It is also unclear who is operating the website. Sometimes the company “Hooya Plus Capital Inc., Labuan, Malaysia”, is named as the operator of the website. Elsewhere the South African company “Trade211 (Pty) Ltd” is named as the operator, but without the company’s precise address being stated.
It’s mandatory to get approval from BaFin for anyone providing financial or investment services in Germany. However, Trade211 (Pty) Ltd also known as Hooya Plus Capital Inc. is running their services without the necessary authorisation.
During our investment we got Several reports of their fraudulent activities such as holding Withdrawal, Suspending & Freezing Accounts and even Accounts with funds completely deleted. We also found several similar reports on trusted reviews sites.
Upon looking into their domain “trade211.com” we also found that they are not providing any athoritive & vaild information. In the time of this report we also found that there are multiple complaints filled against their domain and it it may or may not come into business but we need to aware cause they will be back with “trade211.com” or similar or different domain names.
After Analyzing recent cases and all the facts we have come to conclusions that Trade211 poses a significant risk to investors funds. We at Nathan Reclaim LLC categorizes Trade211 as a “Scam” Company. If you have “Scammed” by Trade211 please contact us as soon as possible so that we can help you to take necessary steps and recover your funds.
We highly recommend our clients and everyone to choose brokers with proper regulation & transparency to keep themselves safe from potential financial losses.
Frequently Asked Questions (FAQs)
This warnings issued because its Lited as Fraud/Scam/Potential Scam by UK’s Financial Conduct Authority (FCA) or other reputable regulators to provide financial services, and warnings have been issued about its activities.
No, this entity operates entirely outside of legal financial oversight. It is neither licensed nor authorized by the UK’s Financial Conduct Authority (FCA) or any other recognized, reputable regulatory body to provide financial services. Furthermore, official warnings have been actively issued to the public regarding their illicit business practices.
We strongly advise you to immediately cease all communication with this company. Be particularly cautious if they demand additional payments under the guise of taxes, withdrawal fees, or other unexpected administrative charges. These are classic tactics employed by fraudulent operations designed to extract even more of your money. The experts at Nathan Reclaim LLC are available to guide you through these deceptive practices and clearly explain the secure process for moving forward.
Recovering your lost funds may still be a viable option, though success often depends heavily on the specific payment method you originally used. The experts at Nathan Reclaim LLC will thoroughly evaluate your case and clearly explain the entire recovery strategy. To ensure your peace of mind, we operate strictly on a no-win, no-fee basis, meaning you face zero upfront financial risk while we work to retrieve your assets.
Most recovery operations are successfully resolved within a 6 to 12-month window. However, please keep in mind that your specific timeline may vary depending on the severity of the scam and the internal procedures of the banking institutions involved.
