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Trading Epic Review - is it scam or safe?

Trading Epic Review - is tradingepic.com scam or good forex broker?

RATING: 1 / 0 REVIEWS Trading Epic
Trading Epic is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account Min. deposit Max. leverage Spread
Basic $250  N/A N/A

 

Trading Epic presents itself as a US-based forex and binary options broker. It claims to be regulated in the US and Europe, as well as to support both MetaQuotes’ platforms. However, we could not verify any of these claims and have serious concerns regarding Trading Epic. Read the full review to get all the details regarding this broker.

 

 

Trading Epic Advantages

 

MT4 and MT5 allegedly available

Trading Epic allegedly allows you to access the global financial markets via both MetaTrader4 and MetaTrader5. Both MetaQuotes’ platforms are highly praised by the trading community for their great charting and analysis tools, support for automated trading via Expert advisors, and more. Besides, the MT5 allows its users to trade derivatives and exchange-traded stocks from one and the same account.

 

As we doubt that Trading Epic really supports any of MetaQuotes’ platforms, you’d better check out the link below a select a more reliable broker.

 

 

>> Find the best MT5 brokers here <<

 

 

Many tradeable assets 

Another possible benefit of Trading Epic, provided that the broker is not a scam, is that their offer seems very broad in terms of assets available for trade. Clients of Trading Epic are allegedly offered forex, commodities, stocks, indices, futures, and cryptocurrencies like Bitcoin. Their website also mentions binary options.

 

 

Trading Epic Disadvantages

 

Company name not mentioned, false regulation claims

First if all, Trading Epic’s website lacks crucial information about the company behind it, and, more specifically, its name. This is a sign of trouble because anonymity is quite common when it comes to scamming. Clients that have fallen victim to a scam perpetrated by anonymous brokerages have no legal options afterwards. 

 

 

Click to view larger.

 

Second, Trading Epic claims to be regulated by the CFTC in the US, the Cyprus Securities and Exchange Commission, the Financial Services Board (FSB) of South Africa and by the IFSC of Belize, as well as to be registered with the Financial Conduct Authority (FCA) of the UK. Now, this is indeed a long list of financial regulators, but Trading Epic has nothing to do with them. Presenting misleading information to traders is a major warning sign and we must state that potential clients of this are sujected to substantial risk.

 

As regards the CFTC in the US, the regulatory regime in the country is quite tough and the operational costs are so high that only a couple of major forex brokers have left operating there – Oanda, Forex. Com, and TD Ameritrade. So, there is no way that Trading Epic is legitimately operating on the US market.

 

Furthermore, the broker not entitled to offer its services in the UK, Cyprus and in Europe in general. The UK’s FCA has warned investors that Trading Epic is not authorized to provide financial services in the country and that it could be involved in scam.

 

 

Click on the image to zoom in.

 

Trading conditions not disclosed, no demo

Although it claims to offer clear & competitive pricing, Trading Epic has not disclosed any of its trading conditions on the website, except the minimum investment required.  Besides, those who wish to download the broker’s platforms are redirected to the websites of MetaTrader4 and MetaTrader5, which means that you cannot test any broker-specific platform. These are all clear-cut signs of trouble are the usual “tell” of a scammer.

 

 

Conclusion

 

Trading Epic`s service is anonymous, and despite the broker’s regulation claims, the people operating the brand are not bound by any government regulator. Besides, the trading conditions of Trading Epic are far too unclear, and it does not offer free testing service. Considering the above, and the fact that UK’s FCA has officially warned the public about Trading Epic, we suspect that this might be one of the many con-artists on the financial markets.

 

As always, our best advice to investors is to deal only with properly licensed brokers and to check company names in the respective registers. 

 

 

>> Trade with a FCA-regulated broker <<

 

 

To sum up our review on Trading Epic in a few words:

 

Pros Cons
Claims to support the MT4 & MT5 Company name not mentioned, false regulation claims
Wide range of tradeable assets FCA warning against it
  Trading conditions not clear
  No free testing service

 

Latest news about Trading Epic
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Traders` reviews for Trading Epic

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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