TradeOn500 / tradeon500.com has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was contacted by TradeOn500 / tradeon500.com through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
The platform itself is okay, but the customer service at TradeOn500 / tradeon500.com is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Clear documentation|Multiple order types|Great customer service
Cons: Inactivity fee applies after 12 months|No crypto staking
Tried to withdraw my funds from TradeOn500 / tradeon500.com and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns
I wanted to transfer my portfolio from another broker to TradeOn500 / tradeon500.com. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Intuitive for beginners|Regular updates|Multi-device support|Detailed reporting
Cons: Onboarding videos are outdated
If you are reading this considering TradeOn500 / tradeon500.com - run. I wish I had read more negative reviews through word of mouth in my investment club. I thought the positive ones were real. Maybe some are. My experience over since I opened my account last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Intuitive for beginners|Dedicated account manager
Cons: Wait times can be long during peak hours