Place A Trade

After reviewing Place A Trade, 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 Place A Trade?

On the surface, Place A Trade looks like an ordinary forex and crypto broker. Its public site is presented at https://www.placeatrade.com/. It claims to be based in Saint Vincent and the Grenadines. But surface impressions are exactly what these operations rely on — the substance behind Place A Trade is where the problems begin.

Is Place A Trade regulated?

We could find no evidence that Place A Trade 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

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

Our analysis

On 17 May 2022, the CNMV issued a warning that Place A Trade has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=FOCUS%20MARKETS%20LLC

Can you recover money lost to Place A Trade?

If you have deposited with Place A Trade, 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.