Whether you’re an experienced investor or a trading beginner, you can see something wrong with Traders Pros broker. Each website page redirects to home, meaning you have no access to any relevant information.
Our detailed Traders Pros review will uncover more about this investment scam. We’ll elaborate on their fake licenses and more.
Traders Pros is an anonymous online trading fraud. The company claims to be UK-based while operating under a GFA license. According to the site, GFA, or the Global Financial Authority, is the one in charge of Traders Pros regulation and ensures that the brokerage follows instruction guidelines and strict rules.
However, you should know that GFA doesn’t exist. In fact, the official regulator in the UK is the Financial Conduct Authority, FCA. And this authority has banned Traders Pros and marked it a scam.
Finally, the broker offers leverage of up to 1:500, while the UK FCA follows ESMA guidelines and sets a limit of 1:30. On top, they offer crypto CFD trading, while FCA put a ban on it in January 2021.
Based on all this, it’s clear that Traders Pros is nothing but a fraudulent site to extort as much money as possible.
Our in-depth research shows that the majority of victims of Traders Pros fraud come from the following countries:
All these countries have firm financial authorities, and Traders Pros is not authorized by any. Simply put, if you lose your money, you cannot count on the assistance of the Financial Ombudsman or any other authorities.
You will only find one Traders Pros trading platform, WebTrader. According to the website, the software is available on any device via a web browser.
However, we were unable to register an account and were, therefore, unable to access this software. Yet, you should always look for licensed brokers offering third-party platforms such as MT4, MT5, or cTrader. It’s your best chance to keep your money safe and get advanced functions such as EAs and social trading, which you won’t find with lackluster WebTrader.
This brokerage house offers access to five asset classes, those being:
While this range is quite solid, trading terms aren’t.
The broker’s website doesn’t disclose trading costs, such as spreads and swaps. As already explained, the leverage goes against regulatory restrictions, standing at 1:500. Therefore, you have all the reasons to avoid this company and find a legitimate, transparent firm.
You will find a section on the website called Traders Pros account types. Yet, you won’t be able to access it. As mentioned earlier, each link leads back to the home page. Therefore, we know nothing about various accounts, minimum deposits, or possible account upgrade perks.
What’s more, you won’t find a Traders Pros Demo account either. Instead, you will need to wait for a call from broker employees to evaluate your financial situation and ask you for a sum they think you can afford to invest.
You can find the following payment options listed on the website:
However, whether these are deposit options or viable methods for Traders Pros withdrawal is unclear. In fact, these may easily be logos placed to show a broad range of options while the company only takes money via crypto.
Note that cryptocurrencies are not subject to chargebacks, and tracing funds transferred through digital coins is much more complex.
Let us know if you lost your money due to the Traders Pros trading scam. Global Fraud Protection has dedicated chargeback experts and CipherTrace crypto analysts able to help you with fund recovery.
Don’t hesitate to share your story with our experienced staff. We’ve made it our personal mission to assist victims in getting their money back from online scams. Book a free consultation today, and let’s start!
Traders Pros is an unregulated trading brokerage. If you have already deposited money with this scheme firm, let us know, and we might be able to help.
No, Traders Pros doesn’t offer its clients a risk-free Demo account.
No, Traders Pros doesn’t have a mobile app; all the trading goes through a WebTrader.
Traders Pros is an unregulated trading brokerage. If you have already deposited money with this scheme firm, let us know, and we might be able to help.
No, Traders Pros doesn’t offer its clients a risk-free Demo account.
No, Traders Pros doesn’t have a mobile app; all the trading goes through a WebTrader.
The post Traders Pros Review – Why You Should Avoid This Broker appeared first on Global Fraud Protection.
