If you are interested in trading with cryptocurrencies and have come across Tradercr, please read this Tradercr review before depositing money with this shady brokerage firm.
In a nutshell, the Tradercr broker is a crypto-asset broker rendering service without license and regulations, which is per se illegal and risky.
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On top of this, this entity is not transparent about its basic company information, such as an address, registration country, and contact details. In such a manner, this method resembles online trading scams.
Besides that, Tradercr has a weak trading platform and an unfavorable trading environment; it deceives people by claiming to be an award-winning broker. All in all, numerous reasons are pointing out that this company should be avoided by all means.
What is more, we strongly advise you not to invest in Crystal Trust, Cambrill, and Syos Space fraudulent brokers.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | trader-cr.com |
| Blacklisted as a Scam by: | N/A |
| Owned by: | N/A |
| Headquarters Country: | N/A |
| Foundation year: | 2022 |
| Supported Platforms: | Web trader |
| Minimum Deposit: | 250 USD |
| Cryptocurrencies: | Yes |
| Types of Assets: | Crypto assets |
| Maximum Leverage: | N/A |
| Free Demo Account: | No |
| Accepts US clients: | No |
| Site Grid: | N/A |
Tradercr Is Not a Licensed Scam Company?
As introduced, Tradercr is an unregulated and unlicensed brokerage firm. Since it is anonymous, it is intricate to know its jurisdiction. Anyhow, checking the registers of major financial market regulators yields no results about this phony broker.
Investing with such a company bears considerable financial risks due to no money withdrawal guarantees and funds protection. In addition, unauthorized brokers can be involved in fraudulent trading activities because no one supervises them.
Why Is Trading With a Licensed Broker Preferable?
Instead of taking chances with Tradercr, your first choice should always be legitimate brokers. By doing this, you can enjoy many advantages.
First and foremost, accredited brokerage companies are reliable, particularly those licensed by the British FCA, Australian ASIC, and German BaFin.
The safety of your funds is ensured with strict legislation and numerous risk management measures. For instance, negative balance protection keeps you safe from losing more than you invest, while segregation of funds prevents you from being impacted by a broker’s insolvency.
Even in an adverse event (e.g., bankruptcy), you are covered by indemnification programs. For example, BaFin compensates for up to 100,000 EUR per trader.
Tradercr Available Online Trading Platform & Tools
When it comes to trading software, Tradercr promises something it can’t secure. Its vouch for a modern trading platform, plenty of innovative tools, and profitable trading on different devices is in vain.
In point of fact, traders can choose from a web trader that comes with poor and generic facets, which can’t ensure success.
In contrast, genuine brokers provide advanced trading programs such as MetaTrader 4, MetaTrader 5, cTrader, and Sirix.
Trading on these systems, you can enjoy the benefits of countless features, including stop loss, automated trading, social trading, fast execution, and unlimited pending orders.
Tradercr – Countries Of Service
Speaking of countries of service, as said, Tradercr is not authorized to deliver online financial trading services anywhere. This illicit broker is focused on scamming traders from
- Canada
- Netherlands
If you are based in any of these markets, you should trade with brokers licensed under a relevant territorial financial authority in Canada and the Dutch AFM. Therefore don’t invest with a broker unless you are 100% sure it is legit.
Which Assets Can The Investor Trade?
As a crypto asset broker, Tradercr provides access to the cryptocurrency market only. For instance, you can trade on:
- Crypto: Bitcoin, Ripple, Litecoin, Ethereum, and Tether.
Nevertheless, regardless of these tradable assets, if you want to trade cryptocurrencies, you should opt for legitimate crypto providers.
With Tradercr, you have an ineffective platform and inauspicious terms of exchange; hence, its tradable instruments are worthless. So, skip over the Tradercr offering.
Tradercr Awards – Company Achievements
Keep in mind that fraudsters attempt to instill people’s trust by pretending to be a credible company. Similarly, Tradercr professes to hold multiple accolades, involving the following ones.
- Best trading experience
- Most innovative broker
- Best customer service.
These awards are issued by the World Finance Awards, an unknown entity. Thus, the awarding body is as valid as this fake broker. This just proves how dishonest this company is.
What Do We Know About Tradercr Account Types?
With reference to trading accounts available at Tradercr, here is an outline.
- Basic: 250 USD starting deposit
- Gold: 25,000 USD starting deposit
- Platinum: 100,000 USD starting deposit
- VIP: 500,000 USD starting deposit.
As expected, there is no demo account, which is rarely provided by scam brokers. While on the subject, this option allows trading for free and without risks.
Not only that, you can test trading platforms, styles, and conditions. Having said that, this can expose the fraudulent intentions of this broker, wherefore, it refrains from offering a free practice account.
Details About Leverage, Spreads, and Fees
Regarding trading conditions such as leverage and spreads, there is no information about this on the Tradercr website. Without a doubt, this unscrupulous broker manipulates its terms of exchange to entice you.
For instance, its leverage certainly goes against regulations; that is to say, it is probably higher than 1:30 (in the EU) or 1:50 (in the US). Some jurisdictions restrict the ratio for retail traders to protect them from risk arising from high leverage. Likewise, spreads are fabricated to appear cost-effective, i.e., ultra-low.
In any case, as a proven liar, Tradercr can’t guarantee anything beneficial.
Minimum Deposit and Withdrawal Terms
Concerning deposits and withdrawals, there is obscure information about the process. Financial swindlers insist on anonymous and irreversible crypto wallets as the only funding method. They don’t support secure credit/debit cards and wire transfers.
As for the minimum required deposit, Tradercr sets it at 250 USD. This is higher than the industry average and unnecessary risk because it is possible to start trading with legit brokers for as low as 10 USD.
Additionally, an unlicensed broker can’t guarantee safe withdrawals.
Trading Bonuses and The Terms of Their Receipt
In the matter of Tradercr trading bonuses, it is just another malicious tactic. Bear in mind that promotions are prohibited by many financial authorities because of their misuse.
Namely, bogus brokers allegedly offer lucrative rewards to rope you into investing. As soon as you make deposits, you realize that bonuses come with unreasonable preconditions preventing you from withdrawing and redeeming them.
Scammed by Tradercr Broker? – Let Us Hear Your Story
Above all, don’t trust fake Tradercr reviews on the web. They are made up to look compelling, build trust, and attract traders. Anyway, if you have fallen for this broker’s fraudulent offer, don’t be ashamed.
Anyone can get scammed. It is essential to act immediately. This includes notifying relevant authorities and sharing your negative experience to alert others.
But What Is A Chargeback?
Fortunately, getting money back is possible. A chargeback process depends on the means of payment. Logically, safe payment methods like credit cards and bank transfers offer refunds.
For instance, VISA and Mastercard allow cashback within 540 days, while banks enable cancelation until a transaction is confirmed.
On the other hand, crypto payments are challenging for chargeback; that is why scam brokers prefer using them. Anyhow, our chargeback experts can assist you with reversing crypto wallets. Thus, get in touch with our company today.
FAQs About Tradercr
What Is Tradercr?
Tradercr is a crypto provider that provides services without mandatory trading credentials and authorization.
Is Tradercr a Scam Broker?
Yes, Tradercr is most likely a broker scam since it has all characteristics of the one.
Is Tradercr Available in the United States or the UK?
No, Tradercr is not available in the US but is in the UK. Anyhow, Tradercr is not authorized to operate anywhere.
Does Tradercr Offer a Demo Account?
No, Tradercr doesn’t offer a demo account since it can expose its poor services.
Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!
Report a Fraud Case & Claim a Refund from Scammers
Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.
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