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Towardssource.com is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, and fast execution. But is this broker trustworthy or just another scam? In this post, we will review the main features, advantages, and disadvantages of Towardssource.com and help you decide if it is worth your time and money.
What is Towardssource.com?
Towardssource.com is an online trading platform that was launched in 2019 and is operated by Toward Source Ltd, a company registered in St. Vincent and the Grenadines. The broker claims to be regulated by the Financial Services Authority (FSA) of SVG, but this is not a reliable or reputable regulator, as it does not impose strict rules or standards on its licensed brokers. Therefore, trading with Towardssource.com involves a high level of risk, as there is no guarantee that the broker will follow fair and ethical practices or protect your funds in case of insolvency or fraud.
What does Towardssource.com offer?
Towardssource.com offers over 200 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. The broker provides four types of accounts: Basic, Standard, Premium, and VIP, with different minimum deposits, spreads, leverage, and features. The Basic account requires a minimum deposit of $250 and offers spreads from 2.8 pips and leverage up to 1:200. The VIP account requires a minimum deposit of $50,000 and offers spreads from 0.1 pips and leverage up to 1:400. The broker also offers a demo account for testing purposes.
Towardssource.com uses the MetaTrader 4 (MT4) platform, which is one of the most popular and widely used trading platforms in the industry. MT4 offers advanced charting tools, indicators, expert advisors, and automated trading options. The platform is available as a desktop application, a web-based version, and a mobile app for iOS and Android devices.
Towardssource.com also claims to offer educational resources, such as webinars, videos, articles, and ebooks, as well as customer support via phone, email, and live chat. However, we found that the quality and quantity of these services are very poor and do not provide much value to traders.
What are the pros and cons of Towardssource.com?
- A wide range of trading instruments
- MT4 platform available
- Demo account available
- Unregulated and unlicensed broker
- High minimum deposit requirements
- Wide spreads on lower accounts
- No negative balance protection
- No deposit or withdrawal methods disclosed
- No customer reviews or feedback available
- Potential scam warnings from other sources
Towardssource.com is a forex and CFD broker that offers a variety of trading instruments and the MT4 platform. However, the broker is not regulated by any reputable authority and has many red flags that indicate that it is not a reliable or trustworthy broker. We advise you to avoid trading with Towardssource.com and look for other brokers that have a proven track record of transparency, security, and customer satisfaction.
What to Do If You’ve Lost Money with Towardssource.com?
If you have been scammed by Towardssource.com or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.