TraderKing Review (2023)
Is TraderKing a scam or legit broker?
No, it is not safe to trade with TraderKing as it is an offshore broker. The broker is owned and operated by the group of companies which have included Lotens Partners LTD, company registration number: 25471 and registered address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
About TraderKing
| 🗺️ Registered in | St. Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is TraderKing safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
TraderKing claims to be a reliable global CFD and Forex broker. The broker offers a wide rage of tools with over 100 trading instruments, including currency pairs, metals, CFDs, oil, indices, cryptocurrencies. They also provide the clients with a wide range of desktop, web and mobile trading platforms, including MetaTrader 4.
However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets and more. Read more about St. Vincent and the Grenadines regulation by the link.
Despite an offshore location, the broker somehow provides the UK contact number which got us to question its regulation. It turned out the broker is not regulated in the UK. Moreover, the UK’s Financial Conduct Authority has warned against TraderKing:
“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
Considering all the facts above it is safe to say TraderKing is not regulated and has no legal rights to offer financial services.
Conclusion
We advise all investors and traders to avoid TraderKing and other unregulated brokers (See Unregulated Forex Brokers List). The lack of information (or false information) about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Cyprus and reliable brokers such as FP Markets and Alpari.
You can also share your trading experience with TraderKing by commenting on this review.
TraderKing website is no longer active.
Reviews
What a bunch of scamming good for nothing bastards.
Eric Rudeman supposed brokerLiam Brubeck suppose to be Head of financial Department.
They are truly scammers so please stay away from traderking
They are the worst kind of scum
Is more people being scammed from Eric rude man
Me Too. What can I do?
DO NOT USE THIS COMPANY,once you deposit your money it will never be seen again. Their platform and the deposits in your wallet is all fake. Liam Burbeck (claimed to be my tradingadvisor) and Eric Rudman (suposedly a VIP trading advisor). They operate in tandem to say anything to reassure you that your money is in safe hands. Nothing they say has an once of truth. They are brutal scammers. The contract given to me has the FCA logo. I have been a complete ass and lost my life savings. It has been a devastating encounter! I wish I has come across the above comments and warnings before engaging with this company.
I was in contact last days with Eric Rudman. I also wish I has known the comments.
Did you ever had cash back ?
I have a very severe form of relationship with (brokers.com; traderking.cc and traderking.io
these companies Brokers and their staff are proven criminals and I accumulated sold evidence to make sure they all go to prison an all their assets confiscated. It is now mandatory upon the all Countries to direct their law enforcement agencies throughout the World where these entities are actively committing crimes against traders, to arrest all such individuals and confiscate all their assets which are the results of the proceeds of their criminal activities. I have for the past few days managed to monitor their trading platforms and create videos of such active platforms in comparison to genuinely life trading platform in real time, is evidence in fact proving Traderking as well as Agmarkets staff are actively criminals in that:
1. They both claim to being independent of each other when they are not and in fact not only they are enmeshed with each other but they are criminally sharing their clients’ accounts and information in a most corrupt manner possible to the utter detriment of their clients
2. They both suspend the actively live trading platforms and allow it to run far behind the actual markets live platforms while they recalibrate the trades profits results and manage them to reproduce losses outcomes for their clients in all respects irrespective whether their clients’ positions are sell or buy they will both be displayed as losses instead and all winnings will be displayed as losses
3. They both claim it will take them 24 hours for finalize their clients withdrawals but in reality I have withdrawals pending for months. they just have no intention of ever honoring any of their commitments to anything or any of their numerous promises. They think they are above the law. Therefore they must be removed from the financial scene without any further delays
4. Both these Broker companies, namely traderking.cc and agmarkets.cc have stole my funds in the most atrocious ways possible and I have the real evidence to charge them for fraudulent trading activities to insure they are convicted and I want to recover damages against these entities as well as their registered officers and all those who are being allowed to continue to act in such a corrupt fashion
5. I now will name several individuals as well as entities that are involved in this type of scam activities as follows:
a. With traderking.cc there was a person named Georges (Josh) Cooper as the main person directly involved in this scam and behind the theft of my funds. Of course there are numerous others whose identity I do not have as it takes numerous people to do just a fraction of the criminal acts that have been committed. So I consider this entity to have access to a lot of help from others to be successful in its stealing of funds
b. with agmarkets.cc I consider them not as bad as traderking.cc but they are fast catching up as they are now started to delay their platforms for more than the initial 5minutes delay and now started to catch up with traderking.cc by holding up their platform from its from its real time function for more than one hours during which they cook the trades to their clients’ detriments
c. I have now been suffering from these 2 companies’ crimes against me from the beginning of July 2020
d. A woman named “Maria” been phoning me very regularly and insisting my name is “registered with them as having established an account and she is following it up to get me to start trading with her company. This too several requests and insistence on my part for her to finally reveal tome the name of her company to being “Markets500.com” however, she was not forthcoming about any further information about the identity and the registration of this company to enable me to make proper checks before I commit myself to trading with them. When I insisted I was intending to check all reviews about this company and whether it is situated and regulated by the SFDA Or by Cyprus as she indicated and whether this company really exists in the “UK” as she informed me, she then told me to “F…Off” to which I replied by saying to her: “Well thank you”!!
I have been harassed by numerous such brokers for more than 16 months now during which numerous very strange things have happened tome, my emails, my computers and my mobile phones, which happenings I credit directly to such manipulative brokers and the thefts of my assets and my emails which are being used by such brokers to make under the pretense of being trying to help instead of helping themselves at my expense every time
Hi Michael,
I am in the same situation. I feel I am a complete idiot. It took me time to realise that what nothing was normal and stop the bleeding. I lost a lot of money and have hard time to sleep.
What can be done? Any chance to get back some money or to help suing these people?
Best regards,
Bruno
I AM STILL IN CONNECTION WITH THESE SCAMS, I HAVE PROOF OF PHOTO PLATFORM; TRADING FOR SEVERAL MONTHS AND WAP; INCLUDING CRIPTO TRANSFER: NOW WAITING FOR THE SUBMISSION OF LIQUIDITIES FROM ME TO BE ABLE TO PICK UP THE POSSIBLE PROFIT. WHAT CAN WE PLEASE INSISTENT TO KNOWLEDGE TO COME URGENTLY WITH SOLUTIONS; I REPEAT I AM STILL IN DAILY CONTACT WITH TRADERKING ..
I CAME SUSPECTED WHEN AFTER 3 MONTHS FROM THE OFFICIAL DEPOSIT “THEY DELETED MY DEPOSIT ORDER FROM THE PLATFORM: I HAD MORE RISK ON MY SKIN BY DEPOSITING THE SMALL AMOUNT IN MY WISH TO SEE MY EXCEPT THERE -THE WAS WONDERFUL THAT THEIR INSISTENCES MORE AND MORE OFTEN TO DEPOSIT LIQUIDITIES OF 10 PERCENT OF THE AMOUNT OF PROFIT TO BE ABLE TO MAKE THE TRANSFER INTO MY ACCOUNT. ON THE OTHER HAND, I JUST MANAGE TO FIND SOMETHING OR SOMEONE TO PUNISH THESE CHEATERS, BUT IT SEEMS THAT FROM AT LEAST 8 STORIES NO ONE HAS A SOLUTION TO THIS SCAM SYSTEM. DOESN’T EVEN THERE BE ANYTHING UNTIL YOU ARE TAKEN? LET’S BRAKE THE FLAGEL DOESN’T THERE BE A SAFETY VARIANCE OTHER THAN DIVINITY OR WHO KNOWS SOMETHING PLEASE WRITE OR CONTACT US.