Public Traders Review

Read our Public Traders review to see if we recommend this broker for trading. Just to clear doubts, this is a public-traders.com review.

Is Public Traders 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, Public Traders 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 Public Traders reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.

Methodology: To learn how we identify high-risk brokers and evaluate potential scams, please refer to our methodology page: https://www.personal-reviews.com/methodology/

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 Public Traders?

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 Public Traders 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 Public Traders, 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.

Public Traders Review Conclusions

Making the Public Traders 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 Public Traders 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.

Disclaimer: We are not affiliated with any third-party fund recovery services. All comments are reviewed and approved manually; spam, promotional, or suspicious comments will not be published.

30 COMMENTS

  1. STAY AS FAR AWAY FROM PUBLIC-TRADERS.COM! ITS A SCAM! THEY USED TO BE ROYAL-TRADE360, THEY CHANGED THEIR NAME. JOHN MARCUS, DAVID JAMES, CHRISTINE AND ALL OTHERS ARE SCAMMERS! DEFINITELY NOT REGULATED AS THEY SAY AND WILL TAKE ALL AND YOU WILL NEVER GET BACK THEY ARE SCAMMERS, LIARS, MANIPULATERS AND WILL RUIN YOUR LIFE!
    SCAM, SCAM, SCAM !

    (1/5)

  2. Needless to say, over 100k lost to these scammers. Life savings gone! Family devastated, I am completely lost, these heartless liars can all burn in hell!

    (1/5)

  3. Hi, I have just read your notes on this site, thank you.
    I am concerned because of your comments because I have just started trial trading with a company (Web Address), called
    public-traders.com. The amount invested is Australian Dollars
    240.85 To Skill-Genic+361550738, Budapest Bu Hun Card
    Xx2304 Eur 147.
    Above are the details printed on my phone entry on my Bank statement.
    I am writing to you because after reading your comments, I am
    anxious to know if you believe this company is legitimate and honest. I was about to invest more funds on Monday, subject to the outcome. Thank you for your assistance.

    • John, stay away, ITS A SCAM! JOHN MARCUS, DAVID JAMES, CHRISTINE, AND ALL OTHERS ARE SCAMMERS ! ALSO CHECK ROYAL-TRADE360 REVIEW! DON’T GO ANYWHERE NEAR THEM ! I got scammed by Public Traders .com for a substantial amount, will never see that money ever again !
      SCAM, SCAM, SCAM !

      • Hi Tony

        I have been working with David James and Alex Smirnov from public-traders.com and I think they have scammed me. Are you able to share with me your experiences please? Iv lost a large amount from them and it has left me and my family devastated!

        (1/5)

        • I’ve also worked with the people you’ve mentioned, David James and Alex Smirnow, a sweet talker, manipulator guy, who thought I would buy his scheming ways.

          First, I found this site profit edge with the alleged professor of the University of Auckland, Stephen Hallowway, who was able to create an algorithm that would earn kiwis money without the feasibility of incurring losses. And together with Stephen’s discovery of the algorithm, were the testimonials of Kiwis that allegedly earned millions with just a small amount of investment. Also, across this news article, was a video about creating wealth for a small period of time, and claims in that video that they need long time investor. As the article with the Kiwis’ testimonials, that’s where I entered my details. Then, the guy Paul Rossi rang me that took my debit card details. When the guy has asked me how much would like to make a deposit or investment, I responded that I want only the amount in USD that is equivalent to NZD250. Along our phone conversation, Paul Rossi said that he would give a USD50 as a bonus. When I checked my bank account details, it was apparent that they Paul Rossi took NZD369.39 from my account. At this time, I begun to doubt them, including the sweet talker, Alex Smirnov. And I’ve been emailing Alex Smirnov about this incident, and Alex Smirnov tried his best to manipulate me. After four days of my investment with them, Alex Smirnov called me to show that my NZD250 has rose to USD750. Then, Alex Smirnov tried to lay down a financial plan for me, which he termed as VIP account that is valued at USD7500K. I told him that I don’t have that amount, and I even if I have, I won’t risk parting it to him, because I don’t know him, and that he needed to prove first to me that he is trustworthy. Alex Smirnov used all kinds of sweet words to manipulate me. To test his credibility, through my account from their site–Public traders.com, I initiated a withdrawal in the amount of USD369.39 on Friday, 28/07/2023. To date, the amount I’ve requested is still pending per the dashboard on my account As my debit card that I’ve used in making the initial investment has been compromised, I’ve blocked my card, and I’ve used a different card that has a minimal deposit of only NZD5. Thereafter, I’ve sent an email to Alex Smirnov advising him that I’ve already initiated a withdrawal of the amount in USD369.39, and if he could help facilitate the transfer to my nominated account. Alex Smirnov came back with a return email, telling me that he could help me withdraw the whole lot of USD12,500k into my account, provided that I should pay first the administration fee of USD5000k before he could even send the whole amount. I suggested to Alex Smirnov that he could debit the said amount from the money that they hold in my favour, and just send me the balance. Alex Smirnov said that what I’ve proposed is not feasible. So I’ve emailed Alex Smirnov to just return me the amount of NZD369.39, and he and the rest of his fellow scumbags can feast on the remainder of the money that I own. And I don’t care. I’ve told Alex Smirnov further that it’s my first time to be fooled by a scammer.

          At this time, I am calling my bank to help me recover the amount I’ve parted to these scheming evil people.

          • Alex Smirnov from public traders has been constantly ringing me to try to get me to deposit $4000 in public traders account…I said i wanted to withdraw my money but he said because I haven’t touched my account for 3 months I have to debate it to one of their nominated charities…I signed up when I was in a vulnerable state and Alex is very pushy…he hunts up.on my…
            Told me I was full of bullshit..then had the cheek to call me back to try to get me to put more money in…it’s a SCAM…I’m lucky it was only $250 I put in…I’ve lost it….I just wanted to share my experience with them to save anyone else from getting burned….I’m saddened how these scum of people can do this to people who are genuine hard workers…stay away
            …

  4. A 1 star rating isn’t even what I would rate them.
    I have been scammed as well and in particular Jessica Stewart ad she calls her self has wiped her hands of it after requesting to withdraw all of my funds
    I have now reported it to many federal and Australian departments
    DO NOT get sucked in by these guys at all

    Lucky I know people in high places and I will not give up until I receive my funds back

    Jessica and Public Traders, I am coming for you

    (1/5)

    • Hi Mark,
      I am an Aussie who was taken for over 100k from these scum. I would sincerely like to get in contact with you and share information and further action. I am like you, I really want to see ALL these scammers get what’s coming to them. Please let me know if that’s OK and I’ll send you my email address for further communication.

      • Hi Tony and Mark wow my wife and I got scammed by these bastards, it was a woman who calls herself Jessica Stewart and a guy calls himself David never gave his other name, they trade under the name cryotola-group.com now i doubt those are their real names, she even has a photograph of herself on one of her e-mails to me, you know the only thing I wish for in life right now is to be able to get my f”””””g hands on them man, if you guys know anyone that can assist in getting our funds back please e-mail me at ([email protected]) my mobile number is 0434154590 I am in AUST thanks guys, to everyone out there THESE PEOPLE ARE NOTHING BUT USELESS, HEARTLESS, UNCARING, NO EMPATHY, NO SYMPATHY, NO CONSCIENCE F”””””G FRAUDS, BEWARE SCAM SCAM SCAM

      • Hey man they got me and my poor wife as well, the woman I was dealing wit called herself Jessica Smith, she even sent me a photo of a woman who she said was her, bullshit I guess, every time I asked for them to close the account and just refund me my money, the answer was I have to open a Wallet and deposit money in it to activate it so they could transfer the balance of my trading account into it, this obviously was a fake account, I told them to just return my funds and keep the profits and have a good time, but that is not possible she said, just wanted more funds. Some of my e-mails to her were very abusive but she still kept being nice and asking for more funds in order to close the account and transfer the balance in the account, my bank warned me but I trusted the bitch and thought they were legit, now I am kicking myself because my wife told me not to get involved, wouldn’t I love to get my f”””””g hands around her F”””””g throat right now man, is there anything we could do as a group ??? take care mate.

  5. SCAM SCAM SCAM 100% SCAMMERS

    David James, Alex smirnov and Jacob are all scammers. Stay far away from public-traders.com people! They will get you and ruin your life, your family will die because of them

  6. I got burnt by over 100K, all the names you wrote, and the rest, should burn in hell! They’ve all affected our lives !

  7. I got scammed with them too for 4k too and they hassle me to give them my superannuation. The guy calls himself jack hufman. They are absolute scam and l hope they go to hell.

    (1/5)

  8. Hi
    I’ve got scammed by these oxygen thief’s … I am going thru the process of recovering my money … I’ve put a hex on Jessica and I do believe in karma

  9. I can’t rate them other than a minus 100 they are bloody scammers that is as much as I can say stay away from them

  10. I agree with all of you. John Marcus and David James are the scum of the earth. I initially invested $3,300 of bitcoin. Between them they coerced me into requesting $6,700 in credit to get it up to $10,000 so I would make more money. They hassled me to repay the credit and threatened legal action if I didn’t. My bank refused to release money into a crypto wallet. I told John and David this and they supplied me with bank details to do a direct debit. Here’s where I get another kick in the teeth, I supplied all these bank details to my bank so they could get the money back, they said they tried but couldn’t retrieve it (WTAF) When I asked John to withdraw the money from cryptola he told me I’d have to pay $12,500 in fees if I wanted to withdraw within 3 months. So, I let it go. It has now been 4 months, day after day of harassment for more money. I have put in a complaint with my bank about their lack lustre effort to retrieve my money. I hope John Marcus and David James burn in hell. I’m with Darrell, is there anything we can do as a group. Other than reporting to the police, which I’ve done

  11. Hey victims, I’m one of you. I initially put up AU$4000. Then this bloke Daniel Austin convinced me into investing $10k from my super. With a guarantee return of 8.5% per month. He helped me set up esuper account, an ANZ V2 account, registration with ASIC etc. But just before I made the biggest mistake of my life n hand over my life savings. I backed out. OMG after that for the past week I’ve been bombarded with calls, n threats n abuse. I tried to withdraw my initial 4000 but I get a msg saying they are holding it till I fulfil my obligation.

  12. Everyone stay clear of these people, they are SCAMMERS! they will ruin your life’s and won’t stop ! Even when you try to finish with them, they will continue to call weeks, months after! Does any one know what country they are in?? I’d break they’re hands if I could!

  13. Everyone in this chain, please contact me ASAP. Moderators, could you please endeavor to put us all in contact?

  14. Hi guys. Just wanted to give you an update. My bank reimbursed me most of my money. I also tried to send an email to John Marcus to try to get the remaining money back. The email bounced back. I really hope that means these pricks have been busted and shut down, with a bit of luck, prison time pending.

  15. Do you mind me asking how much was reimbursed? They took me for everything and now I too got the bounce back.

    • I got back the amount that I sent to a bank account. I’ve lost the crypto I sent, resigned to never seeing that again. If you sent the money via crypto, chances are you won’t get it back. If you made a direct bank deposit, talk to your bank, tell them you were scammed, give them the details of the bank you deposited into, hopefully they can help

  16. I’m happy for you. At least you got something back. The bastards scammed me for $450000. My entire super. I was hoping to retire this year. Everything went through crypto so I’m not expecting to get anything back.

    • Oh Carol, that’s terrible. What sort of people destroy other people’s lives. Keep fighting to try and re-coup some, or hopefully all of it.

  17. I was also assumed by these crooks got away with my money and never call or email and still searching now

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