Trader Bank Review: Scam or Good Broker? trader-bank.com is a forex and cfd broker that offers trading in a huge range of assets spanning over 800+ cryptocurrencies. According to the information gathered, this broker is allegedly owned and operated by 21 Tech Ltd with registered address Banishora, block 16, ap. 33, 1233, Sofia, Bulgaria. . They can be reached either through call-+31 203690842 or mail- firstname.lastname@example.org
TRADER BANK TRADING PLATFORM
This broker offers trading on web based platform.
DEPOSIT AND WITHDRAWAL METHODS
This broker accepts many depository channels include Skrill, MasterCard, Qiwi Wallet, Bitcoin, Neteller, and others
IS TRADER-BANK LICENSED?
NO! Trader Bank broker is not licensed, though they claim so. The truth is that no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.
This broker offers supports to customers, as can be seen on the contacts providing at the bottom of their home page..
Trader Bank is an unregulated broker, this is a source of major concern. We are convinced that trader-bank.com is run by a bunch of scammers, this is why they are anonymous and offer no live chat support. The way these scammers work is simple- First, they make Marshall Island their location because it is very liberal laws regarding the registering of companies.After sharing your personal information, you will begin receiving calls from brokers, compelling you to invest with them and win big. After hearing their sale pitches, you become convinced to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit. That is not how to become a broker. Not how real brokers work.
OUR VERDICT- TRADER BANK BROKER IS A SCAM!
Though the website looks legit and might entice unsuspecting traders, the truth is that the platform was designed in such a way that it would easily scam people into believing they are the real deal. Below are other reasons why Trader Bank broker is not worth your time or money;
- Lack of registration documents to prove that they are indeed registered at the Bulgaria.
- High level of anonymity, We met a dead end when we tried finding out who is behind this platform, this alone is enough redflag.
- Complaints from traders who have been scammed by Trader bank broker.
- No Live Chat. There is no way you can reach them
- Another brand of the company behind shady broker CoinFinex. This means Trader Bank is related to a shady broker, so it is not trustworthy.
When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.
COMPARE WITH A TRUSTED BROKER
ETORO has registered addresses in London United Kingdom, Tel Aviv, Limassol, Australia and USA. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. eTORO has the best social trading platform in the forex industry where you could copy the trades of successful traders. You could also earn additionally if your trades are copied. ETORO is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, NBRB in Belarus and ASIC in Australia, which makes client funds safe. They accept traders worldwide..visit their official website