DesupercoinTrade claims to offer CFD trading on forex, stocks, indices, futures, precious metals, energy, cryptocurrencies, etc. However, investigation reveals that there is no legitimate company behind it. Its official website domain, desupercointrade.com, was registered on June 22, 2024.
Company Background
The DesupercoinTrade homepage claims the company is registered in the UK with registration number 12233090 and boasts 23 years of financial trading experience. The website displays an image of a UK company registration certificate for a company called 4X CAPITAL, registration number 11338110.
A search with the UK Companies House reveals that company number 12233090 belongs to GOLDFIELD LIMITED, and company number 11338110 is 4X CAPITAL LTD. Neither company is authorized by the UK's Financial Conduct Authority (FCA).
Additionally, the platform's "ABOUT US" page describes a business history claiming the company was established in Australia in 2013. However, this content was taken from the broker TMGM's corporate history.
Trading Software and Account Types
DesupercoinTrade does not display any trading software on its website. Users can only register and trade through its proprietary web-based trading system.
The platform offers four types of accounts:
Premium PACKAGE
- Minimum deposit: $300
- Maximum deposit: $2,499
- Suitable for short- and long-term trades
- Base currency: USD
- Full IT support
- Referral bonuses
- Hedging allowed
- Spread: from 1.9 pips
- Leverage: 1:10
- Real-time chart support
FLEXIBLE PACKAGE
- Minimum deposit: $2,500
- Maximum deposit: $25,000
- Suitable for short- and long-term trades
- Base currency: USD
- Full IT support
- Referral bonuses
- Hedging allowed
- Spread: from 1.7 pips
- Leverage: 1:5
- Real-time chart support
Bronze PACKAGE
- Minimum deposit: $25,000
- Maximum deposit: Unlimited
- Suitable for short- and long-term trades
- Base currency: USD
- Full IT support
- Referral bonuses
- Hedging allowed
- Spread: from 1.4 pips
- Leverage: 1:10
- Real-time chart support
PROMO PACKAGE
- Minimum deposit: $1,500
- Maximum deposit: $50,000
- Suitable for long-term trades
- Base currency: USD
- Full IT support
- Referral bonuses
- Hedging allowed
- Spread: from 1.1 pips
- Leverage: 1:15
- Real-time chart support
Trading Conditions
The website indicates spreads from 0 pips, maximum leverage of 1:500, and a minimum deposit of $500. However, it does not specify any trading software or third-party trading platform support.
Deposit and Withdrawal Policy
The website does not specify supported deposit and withdrawal methods, processing times, or if there are any fees.
Regulatory Information
The website claims regulation by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (FSC).
The platform asserts its Australian entity is DesupercoinTrade Australia Pty Ltd, with license number 436416. However, this license number actually belongs to the broker TMGM's registered entity Trademax Australia Limited.
Additionally, the platform's claimed Vanuatu regulated entity is Trademax Global Limited, which is also owned by TMGM.
Company Address and Employee Information
DesupercoinTrade's website lists its company address at 76-78 Wolverhampton Road, Cannock, England. A search with the UK Companies House shows no active company registered at this address.
Furthermore, the website does not provide information about company members, nor is there any public information about its employees.
Website Traffic and Template
According to Semrush analytics, DesupercoinTrade’s website receives fewer than 100 visits per month, indicating almost no usage of the platform.
Moreover, the platform uses the same website template as several suspected scam companies, such as Mega Trades Pro and Evolving Stocks Trade, which are generated using the same site design.
User Reviews and Brand Exposure
There are no user reviews or news reports about DesupercoinTrade available online.
Contact and Social Media
The only contact method provided is an email ([email protected]). There are no official accounts on LinkedIn, Facebook, Instagram, Twitter, YouTube, or other major social media channels, which limits external communication.
Risk Report
Based on the above information, DesupercoinTrade poses the following risks:
- Questionable Company Entity: The platform fails to provide valid company registration information, with discrepancies in the claimed registration numbers.
- False Regulatory Information: The platform claims to be regulated by ASIC and FSC; however, the regulatory numbers are of another broker, TMGM, not its own.
- Low Website Traffic and Missing User Reviews: The platform's monthly visits are under 100, and no user reviews are available online, indicating low market visibility.
- Opaque Trading Software: The platform does not specify any trading software and only utilizes a proprietary web-based system, lacking transparency.
- Unclear Deposit and Withdrawal Information: It only supports e-wallets for transactions without specifying processing times or fees.
- Lack of Employee Information: No employee information is publicly available, lacking transparency.
- Use of Template-Based Website: The platform uses the same template as multiple suspected scam platforms, posing high risk.
In conclusion, investors should thoroughly verify information and ensure platform compliance and transparency before choosing a trading platform to mitigate potential financial risks.
