Broker Review

Unauthorised Firm Details
Name: Tradelly.ai
Website: tradelly.ai

Tradelly AI (tradelly.ai) Under Scrutiny: Regulatory Warnings and Scam Allegations Raise Serious Concerns

Tradelly AI, operating through the domain tradelly.ai, presents itself as an online trading platform offering tiered account options Basic, Bronze, Silver, Gold, and VIP. These account types require a minimum deposit ranging from €500 to €250,000, with no stated limit on maximum deposits. While the platform may appear to provide structured investment opportunities, a growing number of red flags have raised significant concerns about its legitimacy and regulatory compliance.

FCA Warning: A Critical Red Flag

On November 7th, 2024, the Financial Conduct Authority (FCA) the UK’s top financial regulatory body issued an official warning against Tradelly AI. In a public notice on their website, the FCA stated:

“This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.”

This warning is not issued lightly. The FCA only publishes such alerts when there is strong evidence that a company is offering financial services illegally or engaging in suspicious activities. The warning indicates that Tradelly AI is not authorized or licensed to operate in the UK, despite apparently targeting UK-based clients.

Suspicious Operations and False Business Claims

Tradelly AI claims to operate under a business entity known as InvestJPM, listing its address as 38 Talstrasse, Zurich, Switzerland. However, the platform predominantly targets the UK market, which legally requires financial service providers to be registered and regulated by the FCA.

Operating in the UK without proper authorization constitutes a violation of UK financial laws. Despite this requirement, Tradelly AI has failed to obtain FCA approval and the FCA warning serves as confirmation that the platform is operating as an unauthorized and unregulated financial entity.

Domain Concerns and Lack of Transparency

Further investigations into the domain tradelly.ai reveal additional troubling signs. The domain registration records are either obscured or unavailable, which is highly unusual for legitimate financial institutions. This lack of transparency raises suspicions about the company’s intent and legitimacy, as reputable firms typically provide clear and verifiable domain registration details, including ownership and contact information.

Widespread Reports of Fraudulent Activity

In addition to regulatory warnings and suspicious domain practices, multiple scam reports have surfaced across various consumer review platforms. Users have reported issues ranging from:

• Difficulty withdrawing funds

• Pressure to deposit more money

• Unresponsive or misleading customer service

• Misrepresentation of returns and risk

These patterns are commonly associated with fraudulent or high risk investment schemes, and they further undermine the platform’s credibility.

Conclusion

While Tradelly AI markets itself as a modern, user-friendly trading platform, the absence of regulatory approval, official warnings from the FCA, opaque business practices, and widespread fraud allegations all point to a platform that should be approached with extreme caution.