Treasure Forex,

Treasure Forex, or Treasure180, is a one-page broker, containing all its details in a single home page. This mean that Treasure Forex hasn't had time to expand its website for the reason that it probably couldn't wait any longer, wishing to start phishing for users. Yes, Treasure Forex is another illicit broker. Read on all about it in the review.

The address in UK, is not true. The UK is used as scapegoat by thousands of unlicensed brokers, mainly because users feel comfortable when thinking their investments are sent over to the UK. In reality, Treasure Forex has nothing in common with the UK- it is neither regulated there not registered as a company.

Another turning point of the review is that fact that there are no legal docs. There is a simple rule that we live by: if a broker has not legal docs, then that broker is automatically labelled a risk. Legal docs can be  considered as the glue that binds the user with the broker, and without this element the broker if free to act without the consent of the user, further increasing the chances of the client being scammed.

Treasure Forex is thereofre without a license which is not a surprise turn of events. Moreover, Treasure Forex is a risk to all and a scam!

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

A very interesting development occurred that is not very common. We could not enter a user area, after we completed a simple registration form. but we successfully accessed an MT5 with credentials sent over by the broker. So, there was no user area but also a fully available MT5 with a live account at that. This is a definite sign that the broker hasn't really put too much though into its structure.

Yet, we could yet all of the trading details straight from the MT5. There we acquired the following: the available assets for trading are forex currency pairs, commodities, stocks, indices, and cryptocurrencies. The EUR/USD spread is 0.3 pips which is fantastic, yet we cannot see a good reason why Treasure Forex would grant such a profitable spread to users- perhaps as bait? The leverage cap is 1:500.

TREASURE FOREX LOGIN

The best part of the broker is undoubtedly the inclusion of the MT5 trading platform. Here is a snip of it:

It's all there, surprisingly. The MT5 is the finest software for trading in the world, that much has been said countless times by us and others. Yet, what many users might not be aware of is that the MT5 does not make the broker. Treasure Forex is still completely unregulated, and no amount of superb trading softwares can help it out.

TREASURE FOREX MINIMUM DEPOSIT

All deposits are at a risk; the broker is unregulated and is therefore not worth investing in.

Seeing that we could not access a user area, the next things that we could do is rely on the website for all the payment details. Ok, but there are no payment details on the site to work with.

That's right, Treasure Forex has no deposit details anywhere; no minimum deposit, no payment methods, nothing!

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

TREASURE FOREX WITHDRAW TIME AND FEES

Withdrawals with scammer brokers are not possible. The broker would be giving the money it stole away, and that's just not how these schemers do business.

It should not be a surprise that the broker has not included a single withdrawal information, considering that deposit details are a mirage.

There are no fees revealed, which always makes us believe that, even though the firm has not included these details, does not mean that there are no fees whatsoever.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Forget about investing here. Everything thus far revealed is testimony to the fact that Treasure Forex is a complete and utter scam! Everything will be lost!