Portrades presents itself as a legitimate trading platform, but the evidence tells a different story. Here is what our review of Portrades uncovered.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Portrades?
On the surface, Portrades looks like an ordinary forex and crypto broker. Its public site is presented at https://port-trades.com/en/. But surface impressions are exactly what these operations rely on — the substance behind Portrades is where the problems begin.
Is Portrades regulated?
We could find no evidence that Portrades 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
- Opaque or anonymous corporate ownership
- Aggressive “account managers” coaching clients to deposit
- No verifiable licence from a recognised financial regulator
- Account dashboards that show “gains” with no real market exposure
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
Our analysis
On May 31, 2023, the British Columbia Securities Commission (BCSC) issued a warning against Portrades, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/signix-ltd
Can you recover money lost to Portrades?
If you have deposited with Portrades, 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.
Were you scammed by Portrades?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.