TangoTrading

After reviewing TangoTrading, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is TangoTrading?

TangoTrading markets itself as an online trading and investment service. Its public site is presented at https://tangotrading.co/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is TangoTrading regulated?

We could find no evidence that TangoTrading holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Unrealistic profit claims and pressure to deposit more
• Account dashboards that show “gains” with no real market exposure
• No credible physical address or verifiable corporate record
• Opaque or anonymous corporate ownership
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”

Our analysis

According to its website, the company based in Saint Vincent and the Grenadines. Upon investigation, no matching information was found in the Financial Services Authority (FSA). In addition, they claim they are not regulated by relevant agencies in the United States and Canada. The truth is that TangoTrading is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. TangoTrading is a scam.

Can you recover money lost to TangoTrading?

If you have deposited with TangoTrading, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.