Traderspros Review – Truth Behind Traderspros.Com

Whether you’re an experienced investor or a trading beginner, you can see something wrong with TradersPros broker. Each website page redirects to home, meaning you have no access to any relevant information.

TradersPros is a fraudulent broker, but don’t just take our word for it since there has been a warning issued against them by the British authorities.

This is quite the troubling sign, but far from the worst thing about the company. TradersPros operates from an undisclosed location without a license and it completely made up a regulatory body that it claims to be regulated by.

And this in depth TradersPros broker review will cover all the illicit things this investment has done. Additionally, read our Esperio and Brokeragea scam brokers reviews to learn why to stay away from them as well. 

Is Traderspros a Legit Broker? Safety and Regulation

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!

Based on all this, it’s clear that Traders Pros is nothing but a fraudulent site to extort as much money as possible.

On top of that, In February 2021, the UK’s FCA issued an alert regarding Traders Pros. Since the company claims to have HQ in the country, FCA wanted investors to know they’re not covered by the FSCS compensation scheme. The warning was later republished all around the EU, including Italy, Norway, Belgium, and the Netherlands.

Supported Trading Platform at Traderspros

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.

Traderspros Account Available 

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.

Deposit and Withdrawal Options 

In regards to the deposit methods, we found that TradersPros offers the following ones:

• Visa or Master credit or debit card
• SWIFT
• Bitcoin 

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. Also, fraudulent brokers such as Esperio and Brokeragea do the same thing. 

How the Fraud Is Conducted

Being lured by these scam brokers is not as hard as it may seem to some people. They post various ads all over the internet and you can easily come across a few. The stories you can read in them are more or less believable but in the world where many actually made a fortune by investing it becomes quite convincing that easy earnings are within your reach.

Be sure, if you give any of your contacts to one of these scammers, they will start either emailing or calling you in order to get you to invest. In case you agree to make an initial investment, they will start persuading you to invest more and more.

Similar to Brokeragea or Esperio, after you seek your money back, the broker will just disappear without a trace. Be sure to contact us if this has ever happened to you as we can help you get your money back.

Traderspros Summary

Traderspros is an offshore broker that is trying to lure in its clients with a legit-looking website. But in reality, they are just an unregulated company claiming to follow legal guidelines and offering online financial services.

The minimum required deposit is $5,000 even for beginners and there is no demo account for you to try. These are all red flags and should indicate you are dealing with a scam.

As for the trading platform, it’s safe to say they have none, as even after signing up you cannot access it.

In conclusion, we recommend you stay away from this fraudster and work with some of the well-recognized and reliable brokers we recommended.

FAQs About TradersPros Broker