Read this complete Tradercr review to see why we do not recommend this broker for investing. Tradercr is an untrustworthy broker. This unlicensed company lacks any transparency, providing no information about its background. Furthermore, it appears that opening an account with them is not feasible; the broker seems to select its clients selectively. Additionally, their deceptive bonus scheme and exorbitant fees make this a broker you should steer clear of when considering investments.
Website – http://trader-cr.com/
Address – NA
Warning – Ontario Securities Commission (Canada)
Regulation – Unregulated, Blacklisted
Domain Age –
| Domain Name | trader-cr.com |
|---|---|
| Date Registered | September 06, 2022 |
| Domain Age | 1 year, 1 month, 2 days, 11 hours, 40 minutes, 48 seconds |
Is it safe to invest with Tradercr?
Tradercr has omitted critical details about its identity, leaving us clueless about its location. Notably, there is no mention of licensing, a fundamental disclosure that reputable brokers invariably provide. Obtaining a license involves meeting stringent criteria, which is why legitimate brokers prominently display their licensure status.
Furthermore, Tradercr only offers email communication and does not provide a phone number. This limits the means of contacting the broker to their terms, as emails are easily disregarded, and email addresses are not as traceable as phone numbers.
The absence of regulatory information on its website is a clear indicator that Tradercr lacks valid regulation from any authorized forex regulators. This leaves investors’ funds vulnerable and without legal protection. Consequently, it can be classified as a scam.
Trading Platform
Tradercr is currently not accepting new clients. Unless you possess pre-existing account credentials and can log in, you won’t have access to any client area. This implies that you won’t have the opportunity to test the broker’s web-based trading platform.
Some scammers employ this tactic, selectively choosing clients to maintain their fraudulent activities for an extended period and evade suspicion. It’s advisable to consider brokers that offer well-known and trusted software like the industry-leading MetaTrader 4 platform.
Trading Conditions
Tradercr has been notably vague when it comes to providing information about their trading conditions. While they mention a minimum account opening deposit of $250, crucial trading parameters such as maximum leverage, additional commissions, and expected spreads remain undisclosed. This lack of transparency is inconsistent with the practices of legitimate brokers, who typically ensure that clients are well-informed about all relevant conditions.
It’s important to note that $250 represents a substantial initial deposit, especially when many reputable brokers offer the option to open an account with as little as $10.
Furthermore, Tradercr imposes hefty additional fees, including a 1% clearance fee on all executed trades and a quarterly maintenance fee of $75 for all account types.
Deposit and Withdrawal Methods
Tradercr has omitted any information regarding available deposit methods, and without an active account, we couldn’t ascertain the process for transferring funds to them. We strongly advise against depositing with fraudulent brokers, as recovering your funds can be an arduous task. Many such unscrupulous brokers exclusively accept cryptocurrency deposits, as these transactions are irreversible and difficult to trace back to a specific individual or entity.
Conclusion
Tradercr appears to be operated by unscrupulous individuals who have neglected to provide essential information on their website. Their primary goal seems to be to acquire your money, and they will likely attempt to persuade you to make a transfer if you contact them.
If you’ve fallen victim to a Tradercr scam or any fraudulent scheme, you have the opportunity to take action against scammers. Simply complete a complaint form on our website, and you’ll be eligible for a free consultation with our experts to outline the steps necessary to recover your funds. Your financial well-being is our utmost concern, and we are committed to guiding you through the entire process.
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