ADE Group has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Digital Pro Trade. We’ve received over 5 complaints against ADE Group.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is ADE Group Regulated? Do They Have a License?
ADE Group presents itself as an experienced forex broker headquartered in one of the world’s top financial centers. However, a straightforward fact check indicates that this claim is false. ADE Group is just another internet scam targeting people with little financial experience and awareness. Here’s a detailed look at why you should avoid ADE Group in favor of more reputable options for investing in financial products.
One of the most important characteristics of a financial services provider is its regulatory status. Licensed brokers give thorough information about the company’s operations, location, authorized jurisdictions, and regulatory authorities that monitor its activities. The ADE Group website states that it is headquartered in London and operated by AdeGroup UK Ltd. However, the Client Agreement cites another business, ADE Group LTD, which is supposedly based in the Seychelles, a well-known offshore country with low regulatory control.
A thorough examination with financial regulators in both the UK and Seychelles finds that neither company is a licensed broker in either state. There is no evidence that these entities exist. The lack of openness and credibility is a major red flag.
Before investing, make sure you employ a licensed intermediary, not one of the many online crooks. Legitimate brokers in major financial hubs, such as the United Kingdom, follow strong financial stability and operational transparency standards. They must offer negative balance protection and engage in guarantee funds that will cover up to GBP 85,000 of a client’s investment in the event of insolvency. In addition, they must keep customer monies separate from operational cash.
The lack of regulation or the presence of poor regulation is a huge red flag. It means ADE Group might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of ADE Group, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at ADE Group
ADE Group provides a basic web-based trading platform. While it has basic tools for placing orders, modifying charts, and using technical indicators, it lacks the extensive functionality of industry-standard platforms like as MetaTrader 4 (MT4) and MetaTrader 5. These systems are well-known for their vast customization possibilities, multiple account support, and automated trading features.
It is vital to note that the presence of trading software does not imply a legitimate broker. Financial scammers frequently utilize rigged platforms to give the appearance of trade, while the money is drained directly into their pockets.
ADE Group needs a $1001 minimum deposit for a Basic Account, which is much higher than those of reputed brokers such as FP Markets, XM, and HFM. For a fraction of this cost, you can open an account with top industry names.
ADE Group mostly provides bitcoin and hidden payment processors from Russia and Kazakhstan. Legitimate brokers, on the other hand, offer transparent payment methods like as bank transfers, credit/debit cards, and well-known e-wallets like PayPal, Skrill, and Neteller. Scammers prefer cryptocurrencies because they are irreversible.
ADE Group claims to offer trading across multiple asset classes, although this trading may not be legitimate. Investing with trustworthy brokers assures that trading operations are authentic. While ADE Group’s spreads appear to be comparable to industry standards, the fake nature of their deals makes this immaterial.
ADE Group’s advertised leverage of up to 1000:1 is another sign that they are not a licensed broker in the United Kingdom, where maximum leverage is rigorously regulated. The high leverage ratios supplied by ADE Group substantially exceed those permitted by regulatory bodies in the UK, EU, Australia, and the United States, showing noncompliance with regulatory norms.
ADE Group sets ambiguous and potentially impossible withdrawal criteria, particularly on accounts that have received bonuses. Legitimate brokers, on the other hand, rarely impose such tight requirements, allowing you to access your funds more easily.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
ADE Group Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
ADE Group Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if ADE Group might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online ADE Group reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of ADE Group, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like ADE Group enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “ADE Group reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising ADE Group.
You should always look out for consumer complaints. In the case of ADE Group, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about ADE Group? You can share your complaint in the comment section or submit an anonymous tip.
Is ADE Group Legit Or a Scam?
ADE Group is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind ADE Group can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust ADE Group?
ADE Group is riddled with red flags, including misleading regulatory claims, dubious payment methods, and unsafe leverage ratios. Investors should avoid ADE Group and instead look for genuine brokers who follow strict regulatory procedures to ensure a safe and transparent trading environment.
All the evidence suggests that ADE Group might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
