Tradergy Review: The Truth Behind the Broker Is Worse Than You Think
Join us in exposing the broker in our Tradergy review, teaching you how to recognize and avoid scam brokers. Scams are becoming more and more common and the best way to protect yourself is to stay informed. Learn about this broker’s regulations, advantages and disadvantages, traders’ reviews, and many more.
We wanted to give the broker the benefit of the doubt but the number of red flags that emerged as soon as we opened the Tradergy website, brought us back to reality. Not only that the broker lacks regulation but also transparency, leaving traders in the dark about what to expect.
Who Is Tradergy? A Complete Analysis
Tradergy is a brokerage company claiming to be registered in the UK. Of course, that is false just like everything else about this broker. The data about their company, history, or any relevant information is hidden, leading us to believe they are hiding something. Red flags about this broker just kept emerging and we were right there to collect them.
Tradergy support is not available by either live chat or web form and the only way to contact them is over a fake phone number and an email which they don’t reply to. If your Tradergy payout gets delayed, there isn’t even an option to complain about it.
|Warnings from Financial Regulators:
|Majority of clients are from:
The broker claims they are operating from London but they are soliciting clients in Canada. It’s important to note they do not have a license from IIROC (Investment Industry Regulatory Organization of Canada) which is something that’s required to accept Canadian clients and operate a brokerage in Canada – even if you are outside of the country.
The broker is not regulated by any financial authority, making them ineligible to operate from any nation. Additionally, there have been reports of the broker using AnyDesk and Teamviewer to access clients’ computers and manipulate the platform. It’s important to do comprehensive research before depositing your funds so you can avoid getting scammed.
Tradergy Broker Profile
The broker provides trading in stocks, commodities, indices, and foreign exchange. The MT4 trading platform offers leverage of 1:400, which is most likely a scam. Since the firm is nothing more than a giant fiction, it is not unexpected that there is no information about spreads or costs. Instead of providing educational tools to make trading simpler, they charge for them.
|Financial Instruments On Offer
|Education or Extra tools
Is Tradergy Reliable?
No broker can be reliable with so many red flags. On top of hiding important details regarding their company, they lack transparency and regulation. Reviews from other traders speak for themselves, reporting many withdrawal problems. The Tradergy contact details contain a fake phone number and an email, raising even more concerns. This broker is one of the worst we’ve encountered and the only advice for you is to avoid them.
We know how challenging it can be to locate a reliable broker that will suit your trading preferences so if you reach out, we will recommend a reliable broker tailored for your needs. Don’t waste your time on brokers like Tradergy or 3angleFX and contact us for a safer trading experience.
Tradergy Review: Traders’ Thoughts and Opinions
Over 80% of Tradergy’s reviews are negative, which raises serious questions about their reliability. With an overall score of 1.8 on Trustpilot, 27 reviewers expressed their frustration regarding withdrawal issues and keep complaining about the Tradergy scam.
One review caught our attention, saying:
“I am yet to get my money back. It’s been 3 weeks now since I started requesting a withdrawal but I have not been able to do that. I mean €500 +€1000 in profit shouldn’t be a problem to withdraw.”
Considering the majority of reviews are unfavorable, it’s confirmed that the broker is a scam and you should avoid them. There are several withdrawal issues reported and many people complained about being called in the middle of the night by aggressive brokers. Overall, there are better choices than Tradergy or Gensmarkets. Reach out right away and we will recommend better alternatives so you can enjoy a stress-free trading experience.
How Is the Scam Carried Out?
There are reports that they purchase data off the black web and then cold call clients, soliciting them in opening an account. You will always be asked to deposit more funds to withdraw your profits but even then the withdrawal won’t be processed. There have been reports of a fake Meta Trader 4 platform that isn’t in real-time, allowing brokers to have access and play around with open trades.
The nations that are affected by this scam broker are:
- United Kingdom,
- Australia, and
It’s important to note that the broker is not regulated by any financial authority, meaning it shouldn’t operate from anywhere. The Financial Conduct Authority (FCA) regulation is required to operate in the UK, or SEC in the US, etc. Ready to make informed trading decisions? Get in touch with us for expert advice and find the best broker for your needs. Your success in the market matters to us.
Deposits and Withdrawal Methods
Available payment methods include cards, wire transfers, and popular e-wallets. There are also reports of anonymous payment methods that are untraceable, so your funds could be at risk since you won’t be able to request a chargeback. The minimum deposit required to start trading is not specified, so traders have no idea what to expect.
However, there is a minimum withdrawal amount of $50 for credit card transactions and $100 for withdrawal requests via bank wire. The withdrawal process is not explained and there isn’t enough information regarding them overall.
Tradergy Pros and Cons
Long Story Short – Tradergy
To summarize, the lack of transparency and regulation, hidden fees, reported withdrawal issues and the fake MT4 platform raise serious questions about this broker’s reliability. More than 80% of reviews are unfavorable, which suggests the broker is nothing but a scam.
Brokers like Tradergy and Investgeo will stop at nothing to take all of your money and disappear with it. The important thing is to remain knowledgeable so you can easily avoid scam attempts. Searching for a safe trading environment? Get in touch with us right away to find reputable brokers and begin your path to profitable trading. Our top priority is to protect your finances.
Is Tradergy a legit or a scam broker?
Tradergy is a scam brokerage company claiming to be located in London, UK.
Can I withdraw my funds from tradergy.io?
It is highly unlikely that you can withdraw your funds. Unregulated brokers make it harder to get your money back so it’s important to file a chargeback if a withdrawal is unsuccessful.
How To Get Money Back From Tradergy?
The Tradergy money back option is under question, especially since wire transfers, e-wallets, and anonymous crypto payments are untraceable and irreversible. If you used a card, request a chargeback immediately. If nothing helps, feel free to reach out. We can get your money back and offer a stress-free trading experience.