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Traderur Review - is it scam or safe?

Traderur review - Is traderur.com scam or good forex broker?

RATING: 1.4 / 12 REVIEWS Traderur
Traderur is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Traderur is an offshore forex and CFD broker, offering four account types with a leverage of up to 1:400 and a web based platform. Unfortunately, the broker does not have a license and is not authorized to offer its services on regulated markets like the EU, Australia, Canada, the US or Japan.

 

Account type Min. deposit Max. leverage Spreads
Self Manage Account $250 1:100 4,5 pips
Gold Account $10 000 1:200 n/a
Platinum Account $50 000 1:300 n/a
VIP Account n/a 1:400 n/a

 

Traderur Advantages:

 

CFDs on various asset classes, over 30 forex pairs

 

Talking about advantages this is surely one - Traderur offers 38 currency pairs some of which minor and exotic like USDSEK, USDDKK, USDNOK, USDCZK, USDZAR, USDSGD, USDRUB, USDMXN, USDPLN and USDTRY. And they also offer CFDs on gold, silver, platinum, oil, natural gas, agricultural commodities, 6 indices, stocks and even a couple of crypto coins - namely Litecoin, Bitcoin, Dash, Ethereum and Ripple. But if you are tempted by he idea of trading cryoto assets, here you may also check our list of brokers, offering bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage as high as 1:400

 

Although with its opening account Traderur offers leverage of “just” 1:100, with its VIP account the leverage is as high as 1:400. Bear in mind, however, that since the European regulators, along with their counterparts in the USA, Canada and Japan caped the maximum leverage allowed with forex and CFD transactions in an effort to curb the investment risk, basically the only brokers still offering higher leverage are either offshore or are based in Australia – the only regulatory hub, where higher leverage is still unrestricted. Besides here is our list of brokers regulated in Australia:

 

>>Brokers regulated in Australia<<

 

Acceptable minimum deposit requirement

 

You can open a trading account at Traderur with 250 USD and that is fine. Still, bear in mind that some big well established brokers like FBS and IG do not have a minimum deposit requirement at all.

 

Various payment methods

 

At  Traderur  you may pay in various ways – with major cards like VISA and MasterCard, bank wire, bitcoins and e-wallets including Skrill, Vload and EFT. Still, here you may also check our list of brokers accepting payments with bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

Traderur Disadvantages:

 

No license

 

Traderur is an offshore, unregulated broker and that is a major issue. The company behind it - TECHNORIC LTD is based on St. Vincent and the Grenadines and as we noted they are not authorized by to provide services on regulated markets.

 

The main problem with all unregulated brokers is that they are completely unaccountable for the way they handle your money. On top of that to often such entities are involved in scam.

 

Brokers with legit licenses from reputable institutions such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC) on the other hand are completely reliable because of the strict oversight they are subjected to.

 

And among other benefits, all EU regulated brokers, as for example by CySEC in Cyprus, are obliged to participate in client compensation schemes, which basically insure your trading account for at least 20 000 EUR. 

 

And besides, a similar compensation fund, backed by FCA in the UK, will guarantee up to 50 000 GBP of your funds, even if your broker files for bankruptcy. So here you may also check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Horrible spreads

 

When we tested the Traderur web base trading platform, the benchmark EURUSD spread floated as high as 4,5 pips and this is simply unacceptable. Bear in mind that spreads are considered attractive only when they start below 1,5 pips. And here you may also check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Trading bonuses with unusual withdraw conditions

 

The practice of offering trading bonuses has always been highly controversial, because trading bonuses are always associated with additional withdraw conditions. For example in order to withdraw a bonus offered by Traderur, you will have to trade it 50 000 times, which, honestly might prove rather challenging. On top of that if you try to withdraw a more substantial portion of your deposit, while being awarded a bonus, you will lose the bonus and all profits you have made with the account.

 

 

Withdraw fees

 

Traderur charges a withdrawal fee of minimum 30 USD or 1% of the amount you wish to withdraw – the one which is greater. That, we should note, is highly unusual.

 

MetaTrader4 not supported

 

Traderur offers a simplified web based trading platform that lacks many features standard with well known platforms like the MetaTrader4.

 

 

For example, with a MetaTrader4 you will enjoy an excellent charting package, nearly a hundred market indicators and even customizable trading robots or Expert Advisors, which will help you run automated trading sessions. Besides, here you may also check our list of brokers offering MetaTrader4:

 

>>MT4 Brokers<<

 

Conclusion:

 

Traderur is a unregulated, offshore broker with rather limited credibility, which on top of that offers horrible spread and a lousy web based trading platform. As always in such cases our general advise is to trade only with brokers properly regulated by institutions, such as CySEC, FCA in the UK or ASIC in Australia.

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Traders` reviews for Traderur

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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They don't answer

I traid to get hold of Traderur but they don't answer nor do they respond. I just want to withdraw money. I invested $250, they did paid $100 back but i want to withdraw all my money plus the bonus.
CMiss Ansie Victoran you help me please

Ansie 07/08/2019

Scam company

Even after saying that I don't want to open any trading account with them, they keep calling me even after I said remove my phone number and email from your list. This is a real SCAM company, never. I need a way to raise very serious complain against them.

Maulik Zalavadi 06/11/2019

cheaters

they call several times a day. after all the times I have asked for deleting my data and not calling, they always prefer the credit card number. please be careful of these cheaters.

Ulysses 06/10/2019

Scam

Watch your money disappear......

H 06/09/2019

Realised it's scam, soon enough?

I was redirected from "Bitcoin Revolution" to TraderUR and started registering but I never provided any financial or passport information. Though they have my email and phone number which is why the keep calling me.

I wrote twice to their support at traderur dot com and they confirmed that my account is deactivated and closed. But I still get emails and phone calls.

Now I'm not sure if the can put fees or charges against me. How can I properly escape that scam?

Please share your experiences to help others who mistakenly signed up!

Jiargei 06/03/2019

Tradur complete scam

Complete scam when you don't put in more money they advise a trade which ensures all your money disappears

Ashly Otene 05/31/2019

TraderUR scam - lost $17000

Don’t do it.....
They constantly harass you to invest more for better leverage
then make trades that do nothing. Obviously the money goes
to the company somehow. But it doesn’t get traded honestly.
SCAM
Lost $17,000 Aus

Linda 05/31/2019

Scam

Not able to contact anyone who has got the authority to manage the account. Will not answer emails sent to them. Have been locked out of the account and trading platform. No profit/loss accountability, no statement, or record of trading to view.

M, Marwick 05/13/2019

Biggest Scam ever

Got con from an ABC article regarding making money using a computerised system called Bit coin Loop, started following the link and filling the registration when a lady ring me on my mobile to help me complete the registration, eventually I deposited 500 USD dollars, the next thing they asked for a coloured copy of my passport, a coloured copy of front and back of my credit card, and so many other coloured Identifications, from there I realized it's a scam, when I tried to withdraw my money back, they denied it, and keep ringing every day demanding the above identifications, it is now 2 weeks and they would not release my money, what a scam

Victor Hakeem 05/10/2019

Traderur scam stay away zero stars

Please don’t believe any positive reviews
This company not trustworthy Mark in particular will call you immediately as per reviews
He will not trade with the small investment as stated
Traderur will not make money for you as starred in reviews
They will tell you that your money is as safe as in your bank
and you can withdraw at any time
Not true
Scam stay away

Loretta 05/07/2019

watch out

You don t get your withdraw back. Watch out

Albert 05/07/2019

Pure Harassment

Hi,
i was thinking about trading with this company. Changed my mind before completing any transactions. The so called representative said i was not a "MAN" because i refused to enter into the transaction. Then harass me for another 3 days. Said i wasted his time , after i repeatedly told him i was not interested.
Do not go any where near this company . Their reps are "Stand over merchants "

P.Reay

Phil Reay 04/23/2019
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