Compared to other scams, the Brighter Trade scam is relatively long running. Online since 2013, they have scammed thousands of traders out of millions of dollars. Like many scams, they open accounts with a £250 deposit to establish trust before hitting up their victims for more and more money. They claim to trade CFD’s, Forex, & Cryptocurrency. On their website, they show live price fluctuations in the various markets they claim to trade in. However, since they are unregulated, no trading is actually happening. Instead, victims are given access to what appears to be alive trading account but is actually a demo account. This means that your “account balance” is not a real balance. When money is transferred to the Brighter Trade scam, it goes directly into the scammer account.
What online reviewers are saying about the Brighter Trade Scam
Looking at reviews on Trustpilot, my heart breaks for the victims of these thieves. One user says “I lost 3250 euro. When you put money in your account or balance you have lost it. The button “Withdrawal”doesn’t work.
When you have lost your first amount they let you know they want to help you to get your lost money back, ask you to put money again”
Why is Brighter Trade based in the The Grendines?
The answer is simple; lack of regulation. Scammers choose locations that have very little regulation. This allows them to operate with impunity without fear of law enforcement action.
What you should do if you think you may be a victim of the Brighter Trade scam?
First, cease communicating with them. The scammers are working hard to keep the money they stole from you. They will try and get you to take actions that will reduce your chances for recovery. This is why you should stop all communications with them until you speak to a wealth recovery specialist. Fill out the form here and one of our specialists will be in touch with you to discuss your case and options.