Read our Tradercr review to see if we recommend this broker for trading. Just to clear doubts, this is a trader-cr.com review.
Is Tradercr Legit?
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 infamous for scamming schemes.
So, Tradercr is just another unregulated forex broker, which means the customers aren’t 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.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try 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 hundreds of dollars per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Tradercr reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
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 doesn’t 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 Tradercr?
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 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 they deceived you into depositing money for a non-regulated trading company. Mention also that 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 [email protected] but don’t let your broker know they you read this article or that you are contacting 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 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 where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. 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 don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Tradercr reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Tradercr, and describe shortly what happened. If you fallen victim, please leave a review and a comment on this site at the comment section. Also, when these people change their website, they tend to call the old clients. So, if they call you from a new website, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Tradercr Review Conclusions
Making the Tradercr review was our pleasure, and we hope to save as many people 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 Tradercr 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.
I had initially positive experiences then things went south. The broker me and my mother were dealing with initially got in a car accident and informed us (once he’d left trader cr) that they weren’t paying his medical insurance and he had to pay out of pocket for over a month in hospital. He quit, and agreed with us it was a scam. Seems they manage to hire people who are somewhat unaware that it’s a scam.
I lost everything, as did my mom. The trader who quit/was let go had his portfolio stolen and also didn’t get paid his usual salary on top of being left out to dry in the hospital. Subsequent traders were much more pushy, constantly asking me to re mortgage my house.
I unfortunately told another friend about this who also lost his entire investment. I’m just glad the whole thing is done now even though we lost our. Incredibly stressful dealing with these people. The story changes constantly. Everything would end up being my fault if there were losses even under their advice, as it was always “my decision”.
Don’t invest with these people.
(1/5)
TraderCR is a scam from a to z. Stay away from them as they will steal all of your money while allowing you to monitor a progrssion of phoney increased earnings on a bogus financial steaming site. If you’ve just invested funds with them – pull the funds out as fast as possible and make a lot of noise while going so.
If you’re living in Canada, TraderCR will advise you that new rules introduced by the Canadian government mandate that you send them more money to be held to offset any Money Laundering concerns that the government may have regarding your investments and possible use of leverage engagement by you.
Thus more demands by TraderCR for more money to guard against possible Money Laundering by you. Once you stop contributing more funds – the big guns are brought out to scare you by impersonating Blockchain officials who have noted your investment gains at TraderCR – and indicate that they are prepared to report you to international and Canadian authorities for violating Canadian money laundering laws.
TraderCR is the smoothest money scam out there in scam land. The whole organization is full of cons, crooks, and liars – the likes that you will not likely see again in a lifetime.
Hold onto all of your recordings, email messages, bank transfers, and inter crypto platform transfers – as there are reputable organizations that can trace the flow of funds from one end to the other on all funds moving in the crypto world.
But, be careful as to which company that you engage – as the funds recovery organization can be as crooked as the scammers themselves.
When dealing in the Internet, there is no accountability, audit trail, structure, or a bricks and mortar address that you can address or deal with. TraderCR us as bogus as all of the names that they use to communicate with you on WhatsApp, email, or the TraderCR website. My investor contact was a Greek-speaking scamster named Nick Popadopoulos – and he was smooth and believable: Two essential quality characteristics for a successful scammer.
(1/5)
Nickos Papadopoulos also defrauded me of 600000CAD in 6 months. According to him, I had made USD2.4 million in profit but to be able to recover my down payment he required me to pay CAD 400,000 more. I stopped my investments and file a complaint to the RCMP. I don’t know when it will be on the platforms to stop this large-calibre scam.