Tradercr Review: You Should Not Trust This Broker

Given all the scandals surrounding cryptocurrencies lately, one would think that fewer scammers would be trying to prey on potential victims through promises of crypto riches. But Tradercr is proof that this trend is not abating.

This anonymous website presents itself as an award-winning globally operating broker that offers favorable terms for trading financial instruments, first and foremost cryptocurrencies. But even a superficial inspection leaves no doubt that we are dealing with a common scam.

So, let’s dive into this Tradercr broker review where we will shine more light onto this completely anonymous investment scam. 

Tradercr License and Funds Security

As introduced, Tradercr is an unregulated and unlicensed brokerage firm. Since it is anonymous, it is intricate to know its jurisdiction. Anyhow, checking the registers of major financial market regulators yields no results about this phony broker.

Investing with such a company bears considerable financial risks due to no money withdrawal guarantees and funds protection. In addition, unauthorized brokers can be involved in fraudulent trading activities because no one supervises them.

As mentioned, Tradercr is anonymous, which rules it out as a legitimate broker. Neither the website nor the Terms and Conditions name a company or specify an applicable jurisdiction. Tradercr does not provide an address, and the only method of contact is email. 

That’s why it’s best to just stay away from them or any other scam brokers that hold no license or regulation. 

Trading Platform Available at Tradercr

When it comes to trading software, Tradercr promises something it can’t secure. Its vouch for a modern trading platform, plenty of innovative tools, and profitable trading on different devices is in vain.

In point of fact, traders can choose from a web trader that comes with poor and generic facets, which can’t ensure success.

Tradercr has a form for logging into an existing account, but not for registering a new one. We have only seen this with scammers who prefer to handpick their potential victims themselves by spamming social networks and online forums. Genuine brokers make it easy to create a Demo account.

Tradercr Account Types

In regards to the trading accounts, the Tradercr offers the following ones:

• Basic: $250 starting deposit
• Gold: $25,000 starting deposit
• Platinum: $100,000 starting deposit
• VIP: $500,000 starting deposit

As expected, there is no demo account, which is rarely provided by scam brokers. While on the subject, this option allows trading for free and without risks.

Not only that, you can test trading platforms, styles, and conditions. Having said that, this can expose the fraudulent intentions of this broker, wherefore, it refrains from offering a free practice account.      

Deposit/Withdrawal Options

Tradercr documentation mentions wire transfer and credit cards, but we were unable to confirm what payment methods are actually available.

Experience shows that scammers of this type advertise conventional payment methods, but actually use only cryptocurrencies and shady payment processors. The reason for this is that this deprives the defrauded of the opportunity to claim a refund.

The minimum withdrawal amount is way too high/ It’s $100 by credit card or $1000 by bank transfer. But if the account has received a bonus, it can only withdraw funds after it has met the minimum traded volume requirements, which is 25 times the bonus amount plus the deposit. Scammers use such tricks to block any withdrawal requests.

How the Scam Is Implemented

The fraud is perpetrated in the same manner as many others of a similar kind. Tradercr scam broker will first try to get your information if you have left it on some of those sketchy internet ads. After this, their experienced brokers will call you nonstop in order to bridge the crucial gap that exists between a user and a broker. They will seem interested in your life, your problems, etc. until you crack under the pressure and invest.

It is easy to fall prey to their sweet talk, and don’t be ashamed if that ever happened to you. On average, it takes 2 to 3 deposits for a user to realize that something very unlawful is happening. By that point, however, the broker will cut all communications with the user and will try to deny all withdrawal requests. 

Tradercr Summary

In this Tradercr review, we tried to warn you against this anonymous broker that is operating without a license and following no regulations.  

They are offering their customers an opportunity to invest in crypto, but the only thing you will likely see is some copied website with claims that by no means represent this broker. We encourage you to always think twice before taking any risks while investing money and keep in mind that this and any other scam will try to convince you to invest as much as you possibly can while legit brokers will ask for as little as $5 as an initial deposit.  

Don’t forget to always do proper research as a necessary step especially if you are new to trading. There are many phony brokers that appear overnight so you need to be cautious. 

FAQs About Tradercr Broker