Website: basam-trade.com
Category: trading-investments
City: Riyadh
Country: US
Founded: 2021
**What is Basam Trade?** Basam Trade is a company founded in 1967 and based in Riyadh, Saudi Arabia. It primarily provides healthcare and hospitality solutions but also offers mentorship in financial trading. The business targets individuals interested in learning how to trade Forex and Synthetic Indices markets. Their association with popular brokers like binary/deriv and Hot Forex supports their educational services. **How does it work?** Basam Trade connects students and aspiring traders with professional mentors who guide them through trading strategies and market understanding. Mentors operate as agents for well-known brokers, offering practical insights into trading platforms. The company uses educational techniques and broker relationships to facilitate knowledge transfer about Synthetic Indices and Forex trading. Trading education is delivered through personalized mentoring sessions focused on hands-on learning. **Products and services** Basam Trade provides training and mentorship services for Forex and Synthetic Indices trading. Their offerings include market analysis, strategic advice, and real-time trading support via their professional agents. They serve as intermediaries between traders and brokers such as binary/deriv and Hot Forex. The company’s core service involves equipping students with skills to participate in financial markets, but they do not act as a broker themselves. Their operations emphasize education rather than direct financial services.
Response rate: 0%
There have been complaints from users who feel that Basam Trade might be linked to scams, particularly with Islamic trading apps. A few users reported feeling pressured to deposit more money after initially being told they had earned profits, which raised red flags for them.
Some users feel that the mentorship they offered was beneficial and helped them understand trading strategies better. However, others were concerned about the overall integrity of the company and whether the advice was trustworthy.
People have mixed feelings about the mentors at Basam Trade. While some appreciate the knowledge they gain, others worry about the potential for scams, especially when they encountered aggressive sales tactics.
If you feel you’ve been scammed, it's a good idea to stop any further communications and report them to relevant authorities. Many users have shared their experiences online which can guide you on how to proceed.
There have been reports of issues related to withdrawals, with some users mentioning they faced challenges getting their funds out. It's advisable to carefully read their policies and be cautious if you sense any delays.
They primarily focus on Forex and Synthetic Indices trading training, with a mix of market analysis and strategic advice. Many users have found the real-time trading support from their agents helpful, but experiences vary widely.