Warning: Is Velvet Trades a Scam?

Velvet Trades (velvettrades.com) Review

We investigated Velvet Trades (velvettrades.com) and uncovered concerning facts.

Velvet Trades appears to be a trading firm, but it is currently illegal by any top-tier financial regulator, such as the FCA or SEC.

Cannot Withdraw from Velvet Trades?

If you think you were scammed by Velvet Trades, act now. Fill out the form below to speak with recovery experts for a free assessment.

Can You Trust Velvet Trades?

Our investigation shows that Velvet Trades lacks a valid license.

Trading with unlicensed firms is very dangerous. Legitimate firms are must be registered with agencies like the FCA, CySEC, or CFTC for your protection.

Velvet Trades operates without this supervision. As a result, there is no safety net if they withhold your funds. Many online scams involve unregulated entities, and recovering funds from them is hard without expert help.

For instance, in the UK, unauthorized firms are outside the jurisdiction of the compensation schemes. In the US, they are not part of regulatory bodies, meaning your money is at risk.

Common Scam Tactics

Investment fraud is getting smarter. Criminals use manipulation to steal your savings. Below are typical tactics used by sites similar to Velvet Trades (velvettrades.com).

Dating App Scams

The "Romance Scam" is a cruel tactic where scammers groom victims over weeks. They build a friendship online. Once trust is built, they mention a "lucrative" investment. It's a trap to get you onto a scam site .

Fake Trading Dashboards

Scammers build websites that look exactly like legit trading apps. They have charts and profits that go up. But it is a game. The scammer controls the numbers to convince you to deposit more. If you ask for a payout, the "profits" are gone.

Other Warning Signs

• Cold Calling: You get calls from "brokers" out of the blue.
• No License: The firm has no legal registration.
• Guaranteed Profits: They guarantee huge profits or risk-free trades.
• Cannot Withdraw: You cannot get your money out. They ask for "tax fees" first.
• Pressure Tactics: Agents push you to invest bigger amounts.

Ignore fake reviews. Fraudulent brokers frequently post their own 5-star reviews to look legitimate.

Final Thoughts

Velvet Trades is unsafe. It is likely a fraud. Protect your money and use a regulated broker. Avoid velvettrades.com at all costs.