SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:Yes, you heard it right! TradGrip has been the centre of trader accusations for a large number of scams. These include withdrawal denials, merciless deposit pressure despite losses, bad customer service support, etc. Many traders have criticized TradGrip on numerous broker review platforms. In this article, we will share their reviews. Keep reading to know about them.

Yes, you heard it right! TradGrip has been the centre of trader accusations for a large number of scams. These include withdrawal denials, merciless deposit pressure despite losses, bad customer service support, etc. Many traders have criticized TradGrip on numerous broker review platforms. In this article, we will share their reviews. Keep reading to know about them.
Traders have been crying for withdrawals with little to no success. One such trader recently expressed having been waiting for his funds for nearly two months. The long pending withdrawal request indicates that there is something fishy at TradGrip.

TradGrip is good at convincing customers using fake promises and effective communication. However, nothing seems to work on the ground, as traders continue to face losses. If profits emerge, traders cannot withdraw. Accounts are frozen suddenly, leaving traders clueless. Here is one review of TradGrip where the trader has expressed utter helplessness over the trading scam.

TradGrips executives regularly contact traders to deposit funds in forex. The deposit pressure remains intense despite trade losses. It appears to be a deliberate ploy from the broker to sink traders and use their money for illicit purposes. Here are two complaints where traders have spoken about the deposit pressure and the losses it may lead to.


The WikiFX team has reviewed TradGrip after going through trading complaints and its regulatory status. It did not find the broker good on either of the two fronts. Firstly, the broker is not licensed by any competent financial authority, which directly explains the trading mess investors have faced here. This made us give the broker a poor score of 1.08 out of 10.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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