A company by the name Tradeland SA (Pty) Ltd operates Tradelandfx.com which is accused of scamming investors.

Surprisingly, this company is “regulated” in South Africa by the FSCA. This just shows how complacent some regulators are. They never follow up on the conduct of their members.

Whereas Trade Land FX claims to be headquartered in South Africa, we noted that the broker is also implying that they’re based in Nigeria.

We also noted that TradeLandFX is actually being promoted by a website owned by a Nigerian.

The broker’s minimum deposit is $10 but apparently it’s reported that people have lost thousands of dollars through this suspicious website.

Today we expose the scam, letting you know about their evils and why you should not be deceived by the looks of their website.

TradeLandFX review

Even though this broker has invested in professional-looking website, they can never hide the red flags.

For example, they’re claiming that traders can get $500 deposit bonus. The truth is that no CFDs broker can offer you bonuses that are free of manipulative terms and conditions.

In addition to this, TradeLandFX is offering leverage of 1:1000. This is a healthy recipe for losing your money on their trading platform.

Most beginners will over-leverage their account hoping to grow their balance quickly through this “credit facility”.

The higher the leverage, the higher the risk of a margin call. It is better to trade a small account and consistently grow it instead of fall into the trap of over-leverage.

This is one of the tricks that TradeLandFX uses to ensure that you can lose your deposit quickly. This money goes into their bank account anyway.

A quick background check on the domain TradeLandFX.com implies that it was registered 16 years ago. It’s easy to assume that this broker has been around for 16 years.

However, this is the greatest deception that scammers use on naïve clients. They always want to create the impression of a solid track record with years of experience.

But to achieve this, a new broker will just purchase a website domain that has been lying idle for years. This is what scams like bitmart.com have done to imply a fake track record.

And you can be sure that Trade Land FX is a broker with no track record. They could be less than 2 years old. Actually we can confirm this from the Internet Archives website.

Trade Land FX Company owners

Details of the company directors/owners are disclosed on the FSCA website where the company is registered.

The company is documented as having been registered on a South African address named 107 NOMBHELA DR
EXT 5 PONONG VOSLOORUS.

This address leads us to some residential neighborhood which does not look so pleasant. In fact, we would be so worried to do business with a broker who claims to be located in this dingy neighborhood.

Also, the fact that they have chosen a residential area as their operation base instead of a corporate center is something that speaks volumes.

The people who are running TradeLandFX are MR EG MOGAPI and a South African called MPHO SEBOTHOMA-JELE .

We now know the owners of this fraudulent broker. However, details of their links with Nigeria is still not known.

Points to remember about TradeLandFX broker

1)The broker is as bad as any other unregulated broker.

2)The broker has been blamed for scamming traders by manipulating pricing/trading against their clients.

3)Trade Land FX has added fake reviews on the Trustpilot forum.

4)It’s a CFDs broker and these brokers are bucket shops.

5)Uses a deceptive website to lure victims

Conclusion of this broker review

The only positive reviews that we could find were those written and published by the broker in an attempt to mislead new clients.

This broker is a trap because their website implies professionalism but once you’re in, there’s no taking your money out.

There’s no way you can make money with a broker that manipulates your trades. Keep this in mind.

No matter what they say, Trade Land FX is a broker that is very deceptive as they present their South African license as their claim to fame.

Avoid TradeLandFX at all cost.

If they’ve scammed you before, you need to share your story with us in the comment section. If you know of any other broker that is operating like Trade Land FX, don’t hesitate to mention it as well.