DailyTradesLTD Scam Warning: Clone Platforms, Blocked Withdrawals
A scam forex service linked to look-alike clone platforms warned about by the FCA, with blocked withdrawals and crypto payment demands
🚨 Urgent Warning
DailyTradesLTD (dailytradesltd.com) is a scam forex platform that blocks withdrawal requests and demands payment in crypto. It shares features with two other platforms warned about by the FCA, "Daily Trade" and "Trade Daily FX", and may be part of the same scam network. After depositing money with these platforms, investors may be unable to withdraw it.
DailyTradesLTD is not authorised in Türkiye by the Capital Markets Board (SPK).
⚠ Dangerous Features
- Withdrawal obstacles: DailyTradesLTD customers meet various excuses when they want to withdraw money. Requests for extra payments or empty reasons such as "the transaction is not ready to be processed" are given.
- Crypto payment requirement: The platform makes cryptocurrencies such as Bitcoin and Ethereum a condition for deposits and extra payments. This is a payment method that cannot be traced or reversed.
- Look-alike clone platforms: Platforms with similar names exist, such as "Daily Trade" (FCA warning, Shelton Street, London WC2H 9JQ) and "Trade Daily FX" (FCA warning, several addresses). There is a high likelihood of operational links between these platforms and DailyTradesLTD.
- Use of multiple addresses (Trade Daily FX): The "Trade Daily FX" platform uses more than one address:
- 275 Alfred Street, North Sydney, NSW 2060 (Australia)
- Ilford, London, IG4 5HD (United Kingdom)
Such multiple addresses are an indicator of an international scam.
- Loss of contact: When customers report problems, the support team does not respond.
📊 Type of Scam and Technique
Platform name: DailyTradesLTD
Main domain: dailytradesltd.com
Claimed services: Forex trading, CFDs, crypto trading
FCA warning status: Although there is no direct FCA warning, it is linked to look-alike platforms that the FCA has warned about
Related Scam Platforms:
1. Daily Trade (FCA warning)
- Address: Shelton Street, London, WC2H 9JQ
- FCA warning: Yes, officially warned about by the FCA
- Similarities: Withdrawal obstacles, crypto payment demands
2. Trade Daily FX (FCA warning)
- Addresses:
- 275 Alfred Street, North Sydney, NSW 2060 (Australia)
- Ilford, London, IG4 5HD (United Kingdom)
- Email: [email protected]
- FCA warning: Yes, officially warned about by the FCA
- Similarities: Withdrawal obstacles, crypto payment demands, use of multiple addresses
| Platform | FCA warning | Withdrawals | Crypto payment |
|---|---|---|---|
| DailyTradesLTD | 🟡 Indirect (within the network) | 🔴 Blocked | 🔴 Requested |
| Daily Trade | 🔴 Warned | 🔴 Blocked | 🔴 Requested |
| Trade Daily FX | 🔴 Warned | 🔴 Blocked | 🔴 Requested |
Regulatory check: DailyTradesLTD does not appear on the list of intermediary institutions licensed by the SPK. It is not directly licensed by the FCA. The related platforms (Daily Trade, Trade Daily FX) have been warned about by the FCA.
Network connection: There are operational similarities between DailyTradesLTD, Daily Trade and Trade Daily FX. These three platforms are thought to be part of the same scam network. Although no shared phone number, email or address has been found, the withdrawal obstacles and crypto payment demands are exactly the same.
✅ Warning Signs and Ways to Verify
- DailyTradesLTD, Daily Trade and Trade Daily FX are strongly suspected of being part of the same scam network, so deposits to any of the three carry the same risk.
- Messages from the email address [email protected] belong to a similar scam platform and are typically not followed by any reply to the customer.
- The addresses Shelton Street London, Alfred Street North Sydney and Ilford London are widely misused by this scam network, so a forex platform that cites them gives no sign of legitimacy.
- Legitimate financial institutions do not make crypto payment a condition, so a forex platform that does so is not a reliable one.
- Before investing, check whether a platform is authorised by the regulator in your own country (for example the FCA Register). A forex broker missing from such a list only claims to hold a licence.
- When withdrawals are met with various reasons (extra fees, activation requirements), this is a clear indicator of a scam.
- For people who deposited money with these platforms and cannot withdraw it, the documents are usually gathered and assessed with legal support. For detailed information and legal support, you can contact Savun Law & Consultancy.
❓ Frequently Asked Questions
I deposited money with DailyTradesLTD. What happens next?
Answer: Further payments are generally not part of any recovery process, and all transaction records are normally preserved. For detailed information and legal support, you can contact Savun Law & Consultancy.
What is the difference between Daily Trade, Trade Daily FX and DailyTradesLTD?
Answer: According to official records, these three platforms are separate names. However, because features such as withdrawal obstacles and crypto payment demands are exactly the same, they are strongly suspected of being part of the same scam network. In any case, none of them is safe.
Why are platforms with similar names so common?
Answer: Scammers use similar names to create confusion. When there are reports about one platform, investors may report a different platform with a similar name, so each platform looks like a separate entity. In reality, several platforms are run by a single scam network.
How can the Alfred Street North Sydney address be checked?
Answer: 275 Alfred Street, North Sydney may be a real address, but it has no connection with Trade Daily FX. Scammers misuse real addresses. The legitimacy of an institution can be verified in the FCA Register or in the records of ASIC (the Australian Securities and Investments Commission).
Can the money be recovered after crypto has been sent?
Answer: It cannot be taken back directly. Crypto has no reversal mechanism like banks do. However, by analysing the blockchain, the destination of the crypto can be followed. Asset tracing and legal steps may be possible with legal support. For detailed information and legal support, you can contact Savun Law & Consultancy.
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Have a question? Attorney Veli Savun answersThis page is an English adaptation of our Turkish article DailyTradesLTD Forex Dolandırıcılığı.
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