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TrogonsBay Broker Review

We must admit that our own recommendation would be to avoid the TrogonsBay scam. You will understand everything once you read our TrogonsBay review.

Broker status: Unregulated Broker
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: N/A
Owned by: N/A
Headquarters Country: N/A
Foundation year: N/A
Supported Platforms: MT5, web trader
Minimum Deposit: N/A
Cryptocurrencies: Available
Types of Assets: FX, cryptocurrencies, indices, commodities, shares
Maximum Leverage: N/A
Free Demo Account: Yes
Accepts US clients: Yes

TrogonsBay Regulation

TrogonsBay claims to have a worldwide license to offer financial services, but it doesn’t reveal any information regarding its owner or corporate headquarters. Additionally, we are unable to determine whose regulatory authority the broker falls under in the absence of a formal office. All of this suggests that the company is unregulated, and if you were to become a victim of fraud, you would have nowhere to turn to file a complaint or request a refund. In order to have some assurance over the invested funds, we would encourage you to select a broker with a Tier1 license, such as one issued by CySEC, the FCA, or ASIC. 

Fund Withdrawal Issues 

It will be a difficult procedure regardless of whether you decide to change your mind about investing or you’ve made a profit and want to cash in. With all mentioned, it is already clear why TrogonsBay doesn’t bother refunding customers’ money. According to what we’ve uncovered, this trading company feels secure in their secrecy and has no need to compensate customers. They even go so far as to block clients’ access to their own funds by freezing their accounts. 

Reviews indicate that the broker is mostly present in the USA, the UK, and Italy. However, there are several grievances coming from countries like Singapore, South Africa, Australia, and more. It means that the only thing that can keep you safe, no matter where you are, is turning down the broker’s initial offer.

Numerous TrogonBay reviews have focused on the same problem: withdrawals. Some of them, meanwhile, are directed at the company’ account managers, who make every effort to extort as much money as they can and cut off communication. They won’t even return your calls or emails once you’ve given up all of your money, rendering you worthless. 

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]