Read our Trader King review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a traderking.co review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Trader King is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Trader King in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
Trader King Review Conclusions
Making the Trader King review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Trader King review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
AVOID !!!!!!!! ive just stopped my trade with this company ” TRADERKING ” please stay away from these robbing BASTARDS it took me over a week to get on a trading platform there escuse was its ok we have been trading for you and you have £4779 profits,but then when i finally got onto the platform after constant emails hounding them there was nothing there,then i got a phone call last monday 24th august 20 a woman by the name of kaycee manson telling me that i had to put more money in to access my other money which she said was on a proffesional trading platform and they needed it to transfer the funds over to a beginner,s platform,i told her i had no more money but she kept talking very Quick & loud at one point i told her to slow the f**k up,anyway i ended up paying £76 or $100 to get my money transfered,guess what yes NOWT they let me trade but with only that amount i still havent saw the big profits they made for me,now they have stopped me trading from there end,so the police are getting involved ive got all there names and the address where they are based,ive kept all my emails & corrospondnce,another name that really springs to mind is a certain MR JOSH COOPER i just hope your reading this because you are in for 1 very big shock,so people PLEASE DO NOT ENTERTAIN THIS F*****G RIP OFF COMPANY
Good Day Ladies and Gentlemans, i already sent an email, with approvement against Traderking and Blockchain to this Company here, where i reply. Before yesterday and yesterday a William Dallas called me and used Any Desk Software to be able to cheat me with showing me, my own account on blockchain and how much money, he generated for me and that i should get into the Minus in my UBS Bank that he will be able to refund this 5000 USD back onto my Bank and that i should also reinvest after it minimum 2000 USD to him and at the best also another 5000 USD onto Coinomi, that he can trade there also with Bitcoins for me and that he will double my money faster and give me back fast 10 000 USD. So i informated the Criminal Police, The UBS Bank and The Governement of Switzerland about this Case, that William Dallas will be arrested. Best regards.: Manuel Claude Schwarzbach
Hi Manuel Scwarzbach
Its Barb here and i have got thru exactly the same situation with William Ed Dallas and Eric.
I have lost US$41,300 .
So please could you help me.
I live in Australia and my bank is Common wealth bank.
I ll very much appreciated it.
which Criminal Police have you to inform. I already have make a complain to Internal Revenue Service in US and and Finra https://www.finra.org/#/ ( because i think they base there) or at least his license say it.
Jó napot! Én is beszáltam a Traderking.cc. kereskedő oldalra. Kereskedtek is a számlámmal, de már több mint 30 napja visszatartják a lehívásomat. A adott telefonszámon és emailon nem elérhetők. Most jelenleg 4600 dollár van a számlámon, de nem tudom lekérni mert nem teljesítik.
Good afternoon! I also spoke on Traderking.cc. merchant page. They also traded my account, but have been withholding my withdrawal for more than 30 days. They are not available at the given phone number and email. I currently have $ 4,600 in my account, but I can’t get it because they don’t meet.
https://www.tradergy.io/
hi never trust this company for trading i lost all my money with traderking in the UK. the name of the manager account is LILLY ADAMS i lost over $5000. they are big scammers please keep away
Manuel Schwarzbach of Switzerland – TraderKings’ modus operandi hasn’t changed; they tried the same process on me in late 2020.
Bunch of scam artists; Eric Rudman in particular.
They spin a bullshit story about recovering other funds lost to scam traders but then try to do the same again to you. They want to take over control of your computer (via Anydesk etc) whilst they check what funds you have and where…. . The trigger point for me was when they took a £20 payment from a credit card (with my permission) ”just to establish the pathway worked” and then 2 minutes later they tried to deduct £4000 from the same credit card, obviously without my permission. That latter action failed, and a warning came from the bank to me. Rip-off Rudman then tried to spin me another bullshit story.
These guys should be investigated forthwith by the financial authorities wherever they have clients.
It is simply not good enough for FCA and other regulatory authorities to “approve” of certain trader companies; there needs to be very pro-active policing off ALL such companies, with fines and jail-time for such scum.
Another issue is the fact that after my registering initial interest with these bar-stewards for robo-trading (which they actually do not offer) I was bombarded over the next 3 months with over 50 phone calls from other trading entities or education entities or other related “businesses”, so these clowns probably sold on my name to their brethren scammers in other companies.
The whole damn swamp doesn’t need just draining, it needs nuking!!!
5 stars for the review, 1 star for TraderKing
Have you done any legal procedure against Eric Rudman Steve or Manuel S???
I ll much appreciated to know it
Kind regards Barb