Trader Bank Review: Forex Broker Scam

Trader Bank Review: Forex Broker Scam

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Trader Bank ( is a CFDs, Crypto Currency and Forex broker scam to hit the lucrative Forex trading world. TraderBank is promising users the chance of trading with over 800+ Crypto Currencies. TRADER BANK is offering users a 20% welcome bonus immediately money is deposited. Complains have been sent to us by users who have lost money with this broker. Read this honest and detailed review regarding Trader Bank platform.

Trader Bank Review

Trader Bank Review:

According to the homepage users are promised no spreads, solid trading margins and exceptional trading technology. What we have to say with this broker is that they have created a moving homepage. Once you land on their homepage, one can easily see why they are signing up so many newbie traders. It’s because they have created a website that seems real. Don’s sign in just yet, there’s more than meets the eye with Trader Bank.

Claims and promises are another bag of tricks used by this bogus broker. Promises of 24/6 support system, generous margins, newbies easily fall for this. What’s even scary is the fact that users are promised to trade like pros with this platform? How this platform enables this, one might ask. Free market research, advanced charting, market analytic and order types is how they claim to do this. Folks, don’t believe a word this broker says or posts.

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Who Owns Trader Bank?

According to the disclaimer at the footer of the homepage, Trader Bank is owned by 21 Tech LTD. Address given is Sofia, Bulgaria and there’s no way of verifying this information. Disclaimer reads that this information is for investors who are outside the United States or Japan. Do you know why this disclaimer states this? It’s because these governments have listed TraderBank as a Forex scam.

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Why has this broker failed to mention the real names of people behind this brokerage firm? It’s because they are afraid that we will actually want verification. Anonymity is a dangerous trait to associate yourself with, especially with online investments. It’s clear that this broker wants to remain anonymous for obvious reasons, they are fraudsters.

Is Trader Bank Licensed or Regulated?

Trader Bank Scam

And this is where we are convinced that Trader Bank is a fraudulent Forex broker. There’s no regulatory body or commission that has licensed this broker. Anyone who signs up with this broker is dealing with a rogue Forex broker. Disclaimer at the bottom of the homepage does not reveal any registration claims as expected.

Where are their registration certificates and documents? A real broker will easily post their registration certificates and documents for all to see. This helps to prove authenticity as well as transparency. Reason why TraderBank has failed to do this is lack of these crucial documents. This broker fails to post their registration or licensing number anywhere on their homepage. This is clear proof we are dealing with a rogue broker.

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Account Types.

TraderBank is offering users three different account types to choose from. Accounts being offered are Standard, Gold, and VIP. For standard account holders, minimum required deposit to start trading is $500 – $5,000. This account comes with a 6% commission and access to webinars. Gold account comes with a 5% commission and minimum required deposit is $5,000 – $25,000. VIP account members must deposit over $25,000 to start trading. With this account, users get up to 50% according to terms and conditions.

What we found odd with these accounts is the requirements to upgrade to another account. For a standard account holder, upgrade to Gold required a 25M turnover. Gold account holders must have over 75M turnover to join VIP account.

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Deposit and Withdrawal.

When it comes to depositing with Trader Bank, this is where this scammer got it right. There are many available channels where members can make deposits. Depository channels include Skrill, MasterCard, Qiwi Wallet, Bitcoin, Neteller, and others. This is not a legit reason to sign up and deposit money. What this broker wants is for a trader to not have any excuse as to why they can’t deposit. Stop depositing any funds with this broker.

Problem with Trader Bank is withdrawing money with this broker. There’s no member that has been able to withdraw money using this bogus platform. Complains we received have one thing in common, lack of withdrawal. It seems that the broker is refusing to allow access for members to withdraw money. This is a classic scammer’s move where owners of scam sites refuse to release funds. Later on, this broker will close shop and still remain with the funds.

Are Funds Safe with Trader Bank?

Trader Bank Fake Review

There’s no way that funds are safe with a broker who is anonymous and unlicensed. Have you noticed that this broker fails to inform users about their depository bank partner? Where do they bank money deposited by users? It’s possible that users are depositing money straight to the owner’s personal bank account. This is why the broker is refusing to release funds. They already have your money and plan to use it in other ways.

Another disturbing feature we discovered with TraderBank is lack of segregation of funds. It means that TraderBank is pooling funds in one account. In case of bankruptcy or insolvency, this broker will lose all the funds. Don’t expect to be compensated; Trader Bank does not participate in a compensatory scheme. Best thing to do is to steer clear of this lame scam.

No Live Chat Support.

Once you click on the chat box at the bottom right hand side, you will notice their agents are not available. During the entire time we were conducting our investigation, the agent did not come online. How do they expect users to contact them?

It’s clear that this broker does not want to be contacted for one reason or the other. Mostly, they are afraid of the backlash they would receive from authorities and victims. Best thing is to stay clear from this broker.  It means they are planning something fishy in the long run.

Is Trader Bank a Scam?

Evidence clearly shows that we are dealing with a Forex scam. From their level of anonymity to lack of registration documents, Trader Bank is a Scam. Make sure to mark all their emails as Spam and never click on any links sent by them. Warn your friends and relatives from signing up with this brokerage firm. This is the only way to remain safe from falling into this trap. Resist all attempts and calls to sign up with TraderBank.

Trader Bank Final Verdict.

Trader Bank Scam Review

Only option we are left with is to add this broker to our scam blacklist. With this done, we hope relevant authorities will investigate and shut down their operation. Make sure not to sign up with any anonymous broker who throws empty claims and promises.

Always sign up with Approved and Dependable Forex brokers. Go for Forex brokers that are Credible and Efficient. Want to remain safe with Forex trading? Partner with Recognized and Recommended Forex brokers. Start making real money with Real Forex professionals today!

Finally, we wish you all the best in your Forex trading experience.

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19 Replies to “Trader Bank Review: Forex Broker Scam”

  1. I have deposited 4,100 dollar in trader bank and asked to withdraw the amount but the broker is not allowing me to do ,to whom should i complain or speak i need a help to withdraw my money

    1. I got my funds withdrawn and all is fine just had some doubts after which was cleared by my account manager who is so helpful

  2. I wanted to withdraw my money & I have been contacting the trader bank for a past one month,first reply i got tht my account manager is on leave,then again he will contact u soon then again copy paste of he will contact you soon ! Now i need my money and they refused to approve my withdraw.. if anyone knows a way to get my money back please help me… this is my email:
    [email protected]

  3. i invest with this company 5 month, i have profits around 15% every month and the company send me the founds to my bank, very hopeful managers and good company.

  4. Unfortunately i have very bad experience woth trader bank from may till now i got 200$ profit and i even wanted to invest more but asked for a refund to close my credit card and open new one with higher limit to invest for bitcoin but unfortunately no answer and i have no account manager! No one wanted to get in touch with me they only send me same email every day someone will call u but it has been more than one month no one called me!!! Very bad

  5. Unfortunately, this company turned out to be a huge scam. Very helpful while you are a viable ‘target’ but they will not allow any withdrawals. I guess , lesson learned to only deal with ethical companies who display only 4 and 5 star reviews from happy clients. How are they still in business ?

  6. They are not a scam but thieves. I can prove that to everyone. share you mail and I will share the full details of my account and how they are stealing my money
    1. They keep on stealing money and you will only realize that when you request a withdrawal
    2. The MT4 dashboard shown is fake and I have screen shots I have proves that the prices in the chart are not similar to the real prices in the market
    3. They open and close fake positions to steal money (one example of an open position is ETH UST at an open price of 217 dated 30 Sep 2019, while in reality the price didn’t even reach 180 on that day !!!!)
    I have so many screen shots that I can share with everyone
    4. you can never withdraw money
    5. I have checked their address and it is not real (Fake) and they called me back very angry because I was about to go to the police…and I will do that
    6. Once you raise a withdrawal, they are able to cancel it by them self (you cannot control your account) also you cannot open or close a trade at all
    you can only deposit money and that’s all
    7. you cannot call any of their numbers!!! it is blocked they only can call you when they need to steal money
    Please feel free to ask me any question but please do not waste your money with Trader-bank
    I will also share the screen shots with everyone
    Its a bunch of thieves not scam at all.

  7. I wanted to withdraw my money & I have been contacting the trader bank for a past one month,first reply i got tht my account manager is on leave,then again he will contact u soon then again copy paste of he will contact you soon ! Now i need my money and they refused to approve my withdraw.. if anyone knows a way to get my money back please help me…

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