Tride, which operates under the domain, the-tride.com presents itself as a secure and user-friendly crypto exchange platform. The company even offers a complementary app called “Tride”, available on Google Play Store.
It begs the question; Is Tride a legitimate exchange?
To answer that, it’s a flat-out SCAM that you should avoid at all costs. I’ll explain why shortly!
Why I Consider Tride a SCAM!
1. The Broker Is Blacklisted By An Australian Authority
It’s on Moneysmart.gov.au’s investor alert list of unlicensed entities in 2025. The Australian government website operated by the ASIC warns that this entity may be providing financial services to Australian consumers without a license from the ASIC. It further cautions that it is not authorized by any licensee in Australia, warning investors to be wary of such an entity.
2. Tride’s Excess Pre-Chat Form Requirements
I wanted to inquire with Tride about whether they are regulated and, if so, by which authority. However, when I clicked on the Live Chat, I was met with an excessive pre-chat form requiring me to enter too many personal details, including:
- My name
- Citizenship
- Gender
- Age
- Phone number
- WhatsApp number
- Physical address
- Email address
Due to the sensitive nature of some of these requirements, I ultimately decided to opt out of the Live Chat altogether.
In my view, this appears to be a tactic by the broker to either discourage inquiries or collect sensitive data from clients for questionable purposes. Either way, it raises serious concerns about their motives.
After all, a reputable broker should only require minimal details—such as a name and email address—to initiate a Live Chat.
3. Tride Makes Bogus Claims Of Attending Global Events
Additionally, there’s a section on the Tride website (the-tride.com) that says, ‘Meet us at events around the world!’
You’ll find this section when you visit the website and scroll down.
The broker has uploaded a few photos of seemingly global events, creating the impression that it’s engaged with the financial community and recognized within the industry.
However, beyond these photos, there’s no actual proof that Tride attends global events.
What’s more, I discovered that the photos uploaded in this section were stolen from other websites and do not genuinely depict Tride at any global events. For example, the first photo can also be found on the website freepik.com.
To surprise you, www.freepik.com is an online platform offering a wide range of graphic design resources, including free and premium photos. It’s commonly used by content creators, marketers, and others to access high-quality graphics for their projects.
Would you trust a broker that claims to attend global events, using third-party images as ‘proof’?
The photos you see on the-tried.com do not depict Tride. They are derived from third-party websites and have nothing to do with this entity.
In my view, this is a deceptive tactic by this so-called broker to build investors’ trust by pretending to be engaged with the financial community.
4. Tride’s Fake Trading Feeds
When you scroll down the Tride website (the-tride.com), you’ll come across something that resembles a trading feed. It displays the following details:
- Name: Esther Howard.
- Email Address: estherhoward01@gmail.com.
- Portfolio Balance: $2,509.75.
- Portfolio Increment: +9.77%.
This setup is confusing, as I couldn’t determine whether this was an actual Live Trading Feed or something else. In addition to the above details, there are deposit and withdraw buttons. It makes you wonder whether these buttons are meant to add to or withdraw from Esther Howard’s portfolio balance.
Could this entire feed be cosmetic, rather than a genuine Live Trading Feed showing real-time updates of executed trades, portfolio performance, and market movements?
It makes you wonder whether this feature is authentic or just part of a marketing gimmick to deceive users.
The lack of clarity about the nature of this feed only deepens my concerns about Tride’s credibility.
By the way, presenting fake activity or live trading feeds is another deceptive tactic that scammers will use to build trust. For example, the following scam brokers are using this method to lure unsuspecting traders into their traps:
5. Tride Uses Reputable Brands To Build Trust
What’s more, Tried claims to be trusted by several brands including, MoonPay, TradingView, HackenProof, Sumsub, and Xanpool.
While I was able to verify that this broker indeed partners with MoonPay, that does not necessarily suggest that they are credible.
Based on Moonpay’s disclaimer, even though MoonPay is a reputable brand, this payment service provider does not guarantee the credibility or legitimacy of its partners.
In the disclaimer, Moonpay states that its partnerships do not constitute an endorsement or guarantee of any partner’s services or products. The company further encourages users to always do their own research before engaging with any third party.
Some scam brokers will partner with reputable brands to build trust, taking advantage of those brands’ flawed vetting processes. Tride’s claim of being trusted by MoonPay, TradingView, and other reputable brands is a textbook example of this deceptive tactic.
6. The Broker’s False Claims of Being a Globally Licensed Crypto Exchange
Lastly, this broker asserts that they are registered and licensed in various parts of the world to provide trading services in virtual assets. To be precise, it cites Lithuania, Gibraltar, Dubai, the British Virgin Islands, Australia, and South America as some of the jurisdictions in which it’s approved. However, these claims seemed to be questionable as they are not verifiable.
For example, it’s not on the Bank of Lithuania’s list of approved and regulated virtual assets trading services providers despite claiming to be authorized in Lithuania. The Bank of Lithuania (Lietuvos Bankas) regulates virtual asset trading service providers in this country.
Final Thoughts
Tride is a highly questionable cryptocurrency exchange that traders should avoid at all costs. Not only is it blacklisted by an Australian authority, but it also raises several other serious red flags. For example, it falsely claims to be a globally licensed crypto exchange.
In addition, it uses reputable brands to build trust and employs deceptive tactics, such as fake trading feeds.
Furthermore, it falsely claims to attend global crypto events, pretending to be engaged with the financial community.
Lastly, it discourages inquiries by requiring excessive personal details before you can contact its customer support.
All of these are serious red flags commonly associated with dubious crypto exchanges.
Report A Scam Incident
Have you lost your money to a dubious crypto exchange? If so, go to this page to report the incident and seek help. Or email scamread@scamreader.info.