The Trade Masters Scam Warning: ASIC Alert, Claimed BVI Licence

The Trade Masters is a platform that says it offers forex, commodity, stock, index and crypto trading at thetrademasters.co. Australia's financial regulator ASIC has issued an investor warning about this operation; the warning appeared in IOSCO's I-SCAN system on 13 November 2026.

📜 The Site's Company and Licence Claims

• It presents itself as a trading name of "Formula Investment House Limited" and claims a BVI Financial Services Commission registration (SIBA/L/13/1060).
• The same site also shows a UK company number (16236894) under the name "The Trade Masters Ltd".
• The address given is 9/43 Sandgate Rd, Albion QLD 4010, Australia.

These records are the site's own statements. A licence obtained in a foreign country is not valid for providing investment services in Türkiye. Leftover template text and spelling errors in the company name ("TheTradeMaters") are also noticeable on the site.

📞 Phone Number and Domain Names

• Phone: +44 7441914770 (a UK mobile line given as the "Call Us" number on the site).
• Domain names: thetrademasters.co; the page title also mentions the address Thetrademasters.in, and the two addresses belong to the same operation.
• The site also says it has an App Store and Google Play app.

🚩 How Does This Scheme Work?

Company details based in three different countries play on the investor's thought that "it must be supervised somewhere". In operations of this kind, accounts are opened through a mobile app and a welcome promotion, profits are shown on the dashboard, and at the withdrawal stage requests for fees, taxes or verification come up.

🔗 Other Platforms Using the Same Method

Similar operations that use a claimed foreign licence as a tool to build trust:

🧭 The Legal Process

SPK Board Decision No. 8/297 of 24.02.2017 treats offering leveraged transactions to investors in Türkiye through foreign institutions as unauthorised activity. Within this framework:

1. The truth of the company and licence claims on the site, and the accounts to which payments were made, are identified.
2. The conduct is assessed as qualified fraudTR.
3. The effect of the foreign jurisdiction and arbitration clauses in the platform contract for a Turkish investor is examined.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions