Arllentrades is a platform offering forex and cryptocurrency Contract for Differences (CFD) trading. However, the official website does not disclose any registration or regulatory information, and upon investigation, there is no real company entity found for this platform.
Although the official site claims that the company was established in 2007 and has global operational experience, investigations reveal that the platform's background information is actually a stolen history from the well-known broker Axi.
Company Background
The Arllentrades website claims it was established in 2007 as a global enterprise. Upon verification, the company history shown on the website is actually an introduction to the history of Axi (formerly AxiTrader).
While the website claims its registration and operation address is located at 160 Queen Victoria St, London EC4V 4LA, checks with the UK Companies House and Financial Conduct Authority (FCA) databases did not yield any of its registration or regulatory information.
Additionally, the website displays three major licenses acquired by Golden Coin Asset Ltd:
- CySEC License: Authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) of the EU, with license number 19437/165.
- FSA License: Authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number QSD0H58.
- FSC License: Authorized as an investment dealer by the Financial Services Commission (FSC), with license number C11607E17115, authorized on February 10, 2017.
However, there is no corresponding regulatory number or registration information for "Golden Coin Asset Ltd" found on the websites of the Cyprus Securities and Exchange Commission (CySEC), Seychelles Financial Services Authority (FSA), or Mauritius Financial Services Commission (FSC). The Arllentrades website also does not clarify its relationship with Golden Coin Asset Ltd, further raising concerns about the platform's transparency and credibility.
Trading Platform and Account Information
The Arllentrades website does not clearly display information about the trading platform or software used, nor does it provide download links. Furthermore, details about account types, investment plans, trading leverage, spreads, and minimum deposit amounts are not publicly stated.
Deposit and Withdrawal Methods
Arllentrades supports various deposit methods including credit/debit cards, bank transfers, electronic payment methods such as Skrill and Neteller, and cryptocurrency payments. Deposit processing times and fees are as follows:
- Credit/Debit Card: Instant processing, free of charge, with a minimum deposit of $5.
- Bank Transfer: Processing time of 1-3 days, free of charge, without a specific minimum deposit requirement.
- Electronic Payment: Instant processing, free of charge, with a minimum deposit of $5.
- Cryptocurrency: Supports BTC, ETH, USDT, XRP, etc., with a minimum deposit of $30 and a maximum of $100,000, processing time is 0-60 minutes.
- Local Payment Methods: Available in multiple countries, free, processing time usually instant or up to 8 hours, minimum deposit varies by country.
For withdrawals, Arllentrades supports credit/debit cards, bank transfers, electronic payments, and cryptocurrencies. Withdrawal processing times and fees are as follows:
- Credit/Debit Card: Undefined fees, processing time not applicable.
- Bank Transfer: Free, minimum withdrawal amount is $50, processing time is 1-3 days (international transfers may take 2-5 days).
- Electronic Payment: Free, minimum withdrawal amount is $5, processing time is 1-3 days.
- Cryptocurrency: Customers need to pay blockchain fees, with a minimum withdrawal amount of $30 and a maximum of $100,000, processing time is 1-2 days.
It is important to note that the platform requires the account name to match the withdrawal account, and does not support third-party account withdrawals. Moreover, international bank transfers require proof of identity and source of funds.
Agency Policy and Educational Resources
Arllentrades does not provide any policy regarding agency cooperation, nor does it offer any form of educational resources. This means a lack of necessary learning support and consultation channels for beginners and potential investors.
Corporate Team and Contact Information
The Arllentrades website does not disclose any information about corporate staff or team members, and no such information can be found on the public network. The only contact provided by the platform is an online contact form and email ([email protected]). Additionally, the platform has not set up official accounts on mainstream social media such as LinkedIn, Facebook, Instagram, Twitter, or YouTube.
Website Design and Traffic
According to Semrush data, the Arllentrades website has an average monthly traffic of less than 100 visits, indicating a very low usage frequency. Furthermore, the website design is very similar to that of several alleged scam companies (such as Goldencoinassets, Dynamixtrading, Safe Concept Fx, etc.), using the same website template, which suggests high risk.
User Reviews and Brand Exposure
Currently, there are almost no user reviews or news reports about Arllentrades on public networks. This means the platform has very low brand exposure and lacks user feedback.
Risk Report
Based on the above information, the Arllentrades platform has several risk points, and investors should approach it with caution:
- Lack of genuine company entity: Arllentrades does not provide any genuine company registration information or regulatory licenses, and the proclaimed company history is doubtful.
- Unverifiable company background: Although the platform claims to have been established in 2007 and has global operational experience, the background information is highly similar to Axi's history, making it difficult to verify its authenticity.
- Low transparency: The platform does not disclose detailed trading details, account types, investment plans, trading leverage, and spreads, leaving trading conditions opaque.
- Extremely low website traffic: The platform has very few visits and uses the same template as other alleged scam companies, suggesting it may not have a stable user base.
- Lack of educational resources and agency policy: The platform does not provide any agency cooperation policy or educational resources, which means investment learning support is nearly non-existent.
In conclusion, Arllentrades may pose significant investment risks, especially for inexperienced investors, who should be extremely cautious. It is advisable to avoid trading on this platform until its legality and compliance can be confirmed.
